Reuters – Alibaba Holdings Inc gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an IPO prospectus filed May 6 in the first step of what could become the largest technology debut in history. Alibaba, which powers four-fifths of all online commerce conducted in the world's second-largest economy, is expected to raise upward of $15 billion and potentially surpass the $16 billion that Facebook Inc managed in 2012. It will become the … [Read more...] about Alibaba embarks on U.S. IPO journey
Jack Ma
Alibaba to invest US$1.22 billion in Youku Tudou
Beijing – Youku Tudou Inc., China's Internet television company (“Youku Tudou” or the “Company”), announced on April 28 that it has entered into definitive agreements with a joint investment vehicle of Alibaba Group Holding Limited (“Alibaba”) and Yunfeng Capital, pursuant to which Alibaba and Yunfeng Capital, through the joint investment vehicle, will invest an aggregate of approximately US$1.22 billion to purchase a number of Class A ordinary shares … [Read more...] about Alibaba to invest US$1.22 billion in Youku Tudou
