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Article: Alibaba.com to Buy Controlling Interest in HiChina, China's Leading Internet Infrastructure Service Provider.(Company overview)
- Article from:
- Business Wire
- Article date:
- September 28, 2009
CopyrightCOPYRIGHT 2009 Business Wire. 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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Acquisition enhances Alibaba.com's ability to provide additional Internet infrastructure services and to assist small businesses entering e-commerce
HONG KONG -- Alibaba.com (HKSE:1688.HK) (HK.1688) has entered into a share purchase agreement to acquire China Civilink (Cayman), which operates in China as HiChina Web Solutions, for a total consideration of RMB539.98 million (US$79.06 million) in cash upon completion of two phases. HiChina, www.net.cn, is a leading provider of Internet infrastructure services in China, including domain name services, web and server hosting services, email hosting services and website design and development services.
With ...