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Article: Alibaba.com Makes Strategic Investment in Koubei.com.
- Article from:
- PR Newswire
- Article date:
- October 30, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Investment in Leading Chinese Community-based Classifieds
Website to Complement Alibaba's E-commerce Portfolio,
Help Drive E-commerce Growth in China
HANGZHOU, China, Oct. 29 /Xinhua-PRNewswire/ -- Alibaba.com, China's leading e-commerce company and the world's largest online B2B marketplace for global trade, announced today that it has entered into an agreement for a strategic investment in Koubei.com, one of China's largest classified listing and community websites. With the investment in Koubei, terms of which were not disclosed, Alibaba has gained a significant exposure in one of China's fastest-growing e-commerce ...
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