Alibaba shares surge in stock market debut

Alibaba's shares opened significantly above their initial price on the New York Stock Exchange (NYSE) on Friday, a sign of the excitement surrounding the Chinese internet giant.

Shares in the company made their debut in the US at $92.70 (£57), after being priced at $68 late on Thursday.
More than 100 million shares were traded in the minutes after the stock was launched - more than Twitter.
Earlier in the morning, founder and chairman Jack Ma rang the opening bell.
The NYSE was festooned with the orange and white logos of the company to herald its arrival on public markets.
The company raised nearly $21.8bn in its share sale, indicating strong investor appetite for China's e-commerce giant.
In opening at $92.70 per share, Alibaba is now valued at $227bn - making it significantly larger than Amazon and Facebook.