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Alibaba files for US IPO
2014-05-07 02:00:00| Total Telecom industry news
Chinese e-commerce giant expected to raise more than $15 billion when it makes its stock market debut.
Alibaba files for public share sale
2014-05-06 23:18:39| BBC News | Business | UK Edition
Chinese internet giant Alibaba files documents for a public share sale in the US, completing the first step in what may be a months-long process before it makes its stock market debut.
Alibaba to invest USD 1.2 billion in video site Youku Tudou
2014-04-28 12:33:00| Telecompaper Headlines
(Telecompaper) Chinese e-commerce group Alibaba has agreed to buy USD 1.22 billion of shares in the Chinese online video platform Youku Tudou. Alibaba is partnering with investment group Yunfeng Capital to buy around 720 million shares in Youku Tudou. This includes 707 million new Class A shares and almost 14 million existing shares, at a price of USD 1.6944 per share. Alibaba will hold 16.5 percent and Yunfeng 2.0 percent in the company after the deal. In addition, Alibaba CEO Jonathan Lu will join Youku Tudou's board of directors upon completion of the transaction.
Alibaba doubles Q4 net profit
2014-04-16 09:32:00| Telecompaper Headlines
(Telecompaper) Chinese e-commerce group Alibaba doubled its net profit in the fourth quarter of 2013, to USD 1.349 billion from USD 642 million a year earlier. The result was reported by its shareholder Yahoo!, which has a 24 percent stake in the Chinese company. Alibaba's revenues rose 66 percent year-on-year to USD 3.058 billion, and operating profit doubled, to USD 1.642 billion. The strong figures are expected to support the case for Alibaba's initial public offering of shares. Sources familiar with the matter told Reuters that the Chinese company could file for the IPO in the US as soon as 21 April.
Tags: net
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doubles
Alibaba to buy AutoNavi
2014-04-14 02:10:00| Telecompaper Headlines
(Telecompaper) Digital maps and navigation provider AutoNavi Holdings has entered into a definitive merger agreement to be acquired by an affiliate of e-commerce group Alibaba Group. Under the agreement, AutoNavi shareholders of the company will receive USD 5.25 in cash per ordinary share or USD 21.00 in cash per American Depositary Share. The transaction, which currently is expected to close in the third quarter, values AutoNavi's at approximately USD 1.5 billion. The transaction is subject to customary closing conditions and the approval by shareholders. Alibaba already owns 28.2 percent in AutoNavi.
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