Monday, Mar 12 2012
Alibaba Gets Go-ahead For Charity
Published in Alibaba The Ministry of Civil Affairs has given its nod to Alibaba Group Holding Ltd for its establishment of a charity foundation with an initial capital of 50 million yuan ($7.9 million), Beijing Times reported. The Alibaba Charity Foundation will be under the jurisdiction of the Ministry of Civil Affairs. The…
Thursday, Mar 08 2012
Alibaba fires president of Juhuasuan
Published in Alibaba Alibaba began to investigate the irregularities at Juhuasuan in mid-2011. (File photo/Xinhua) Alibaba has dismissed Yan Li, president of group-shopping subsidiary Juhuasuan, and appointed Zhang Yu, vice president of Alibaba's strategic department, to take over the post. The company is aiming is to promote healthy, transparent and fair management of…
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Wednesday, Feb 22 2012
Alibaba Offers $2.5B to Take Listed Unit Private
Published in Alibaba Alibaba Group Holding Ltd. (ALIBABZ), in talks to buy back a stake owned by Yahoo! Inc. (YHOO), offered as much as HK$19.6 billion ($2.5 billion) to privatize a listed unit and gain full control of China’s biggest corporate e-commerce site. The company bid HK$13.50 a share for the 27 percent…
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