Alibaba Group has purchased 28% of AutoNavi Holdings Ltd for US$294 million. China's largest e commerce company, the Alibaba Group has purchased a 28% share in AutoNavi Holdings Ltd, the digital mapping company.
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Softbank says no firm plans in the offing for Alibaba IPO
The CEO of Softbank Corp said that there is no "firm plan" in place for the widely-anticipated Alibaba IPO.
Alibaba's plans to go public makes IPO the biggest since FB
Alibaba's plans to go public makes IPO the biggest since FB. Alibaba planned of going public by offering an initial public offering. The IPO could be the biggest since Facebook.
Alibaba hunts for further acquisitions after IPO
On Wednesday, Alibaba was reported to use the net proceeds of its IPO to fund more acquisitions as it wanted to broaden its mobile services.
Alibaba Lands Syndicated Loan
Alibaba recently landed an US$8 billion syndicated loan as a prelude to an IPO. (Photo : REUTERS)An employee walks past a wall painted with logo of Alibaba (China) Technology Co.
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According to Alibaba CEO Jack Ma said that the IPO would be coming soon. The world's largest online retailer is trying to avoid experiencing the issues Facebook had faced with its initial public offer.
Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion.
