Alibaba Group Posts

Alibaba has selected the New York Stock Exchange for IPO

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Alibaba Group is planning to list its shares on the New York Stock Exchange, unfortunately for the Nasdaq Stock Market. Nasdaq was competing against the NYSE for the Alibaba IPO in the U.S.

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Alibaba names 27 partners that will determine who will serve as director on the board

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In an updated filing with the Securities and Exchange Commission, Alibaba has announced the names of the 27 partners that will determine who will serve as a director on the board at the online retailing giant after the company goes public. The 27 partners includes 22 employees like CEO and founder Jack Ma.

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Alibaba invests $249 million into Singpost

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Alibaba, one of the largest China-based e-commerce companies, has announced that it is investing 312.5 million Singapore dollars (around $249 million) in exchange for a 10.35% stake of Singapore Post Limited (SingPost).

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Alibaba hires James Wilkinson

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James Wilkinson has been hired by the Alibaba Group. Wilkinson was a former senior official of the Treasury Department. Wilkinson will work as the new head of international corporate affairs at Alibaba. This hire takes place at a time where Alibaba moves towards a listing in New York.

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Alibaba has filed for an IPO

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Chinese e-commerce company Alibaba has officially filed for an IPO today. Alibaba could be one of the largest IPOs ever. Alibaba plans to raise $1 billion, but that amount could be higher. Analysts are expecting Alibaba’s IPO to surpass Facebook. Facebook raised $16.4 billion in 2012.

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Alibaba is looking to buy back stake in Alipay payments unit

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Alibaba Group, the large Chinese e-commerce company, is in talks with major shareholders to buy back stake in its online-payment affiliate called Alipay. By increase its stake in Alipay, it could significantly raise the future value of Alibaba. Alibaba is preparing for an initial public offering and is expected to be one of the largest in U.S. history.
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Alibaba invests in Youku Tudou

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Alibaba has made a major investment in Youku Tudou, which is the Chinese equivalent of YouTube. A $1.2 billion investment was put into Youku by Alibaba Group Holding Limited and private equity company Yunfeng Capital.
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Tesla Motors Inc (TSLA) partners with Alibaba and eHi Car Services

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Tesla Motors Inc (NASDAQ:TSLA) has partnered with Alibaba Group and eHi Car Services as part of an effort to reach Chinese consumers. Tesla customers will be able to pay payments online from anywhere in China and will be able to rent Model S electric vehicles through eHi.

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