Alibaba: Chinese retailer to list on New York stock exchange

The Chinese e-commerce website Alibaba will list on the New York stock exchange, at what could be a record price.

Last year the site processed more goods than Amazon and eBay put together.

The founder of the website, Jack Ma, is one of China's richest people.

The stock market listing could make Alibaba the third most valuable technology firm in the world after Google and Facebook.

Kamal Ahmed reports.