Alibaba Confirms Plans for IPO – Reuters

TOK10307300533-small.jpg From Reuters via Financial Times:

Alibaba.com , China’s largest e-commerce company, confirmed on Monday that it is making preparations for an initial public offering, as it seeks to raise capital to expand its international presence.

, which has long been rumoured as an IPO candidate, is preparing to list its business-to-business unit in Hong Kong in the third quarter of this year, the official China Securities Journal reported on Monday. “We have started preparations for an ,” Alibaba spokeswoman Christina Splinder said, but declined to comment on details. [Full Text]

See also: China’s Alibaba moving toward IPO from AP via Delawareonline.

[Image: Alibaba’s President Jack Ma, from AP photo, by Eugene Hoshiko]

Categories :

Tags :,

SUPPORT CDT

CDT on Twitter

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.