Tag Archives: Alibaba

Chinese online retail giant Alibaba said Friday it would pay $294 million for a 28 percent stake in China’s leading digital map provider, AutoNavi, its second big purchase in two weeks. Alibaba, the world’s largest online retailer, bought an 18 percent stake in China’s dominant microblog provider Sina Weibo for $586 million in a separate transaction announced on April 29. …

BEIJING, Feb. 23 (Xinhuanet) — Alibaba Group Holding Ltd’s bid to privatize its Hong Kong-listed business-to-business arm, Alibaba.com Ltd, could help the company retune its operating strategy and add flexibility to ongoing negotiations with Yahoo Inc, said analysts. “Privatizing Alibaba Group’s B2B sector is one of the steps for the company to build a more efficient and cooperative e-commerce platform,” …