Chinese business-to-business website — of whom Yahoo already owns a hefty chunk — has received $100 billion in offers for its $1.5 billion IPO. What are they, Facebook? This is way more interest, of course, than they can accommodate. But there may not in fact be much substance behind the bids. Unlike American stock debuts, where you actually have to front the cash to make an offer, anyone can make a bid on a Hong Kong IPO without having cash-in-hand. Companies will make absurdly high offers in hopes of getting a larger share of the pie. Regardless, this looks likely to be one of the hottest IPOs to hit the market since VMware and Google. [FT]