Alibaba sees no listing of Taobao.com
By Ding Yining |
May 15, 2010, Saturday
|
Print Edition
Print Edition
ALIBABA Group doesn't plan to list its C2C unit, Taobao.com, for the moment because it is still developing, its chairman said at its shareholder's meeting yesterday.
"It's not suitable to let Taobao go public since it's still in the process of development and is a different business model from that of Alibaba.com," Ma Yun said.
He also said the group will coordinate business between its arms - C2C unit Taobao.com, online payment platform Alipay as well as B2B site Alibaba.com - by 2012, without elaborating.
Ma indicated that investment will continue to increase this year because China's e-commerce market still has huge opportunities.
The Alibaba Group is also ready to list on the domestic stock market any time once the regulator gives its approval, said Joseph Tsai, its chief financial officer.
CEO Wei Zhe said billionaire George Soros is now one of the top three biggest holders of the company's public shares.
"It's not suitable to let Taobao go public since it's still in the process of development and is a different business model from that of Alibaba.com," Ma Yun said.
He also said the group will coordinate business between its arms - C2C unit Taobao.com, online payment platform Alipay as well as B2B site Alibaba.com - by 2012, without elaborating.
Ma indicated that investment will continue to increase this year because China's e-commerce market still has huge opportunities.
The Alibaba Group is also ready to list on the domestic stock market any time once the regulator gives its approval, said Joseph Tsai, its chief financial officer.
CEO Wei Zhe said billionaire George Soros is now one of the top three biggest holders of the company's public shares.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
