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Article: ALIBABA.COM HAS NO PLANS TO LIST OR ACQUIRE IN SIGHT

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AsiaInfo Services
Article date:
September 14, 2005
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AsiaInfo Services
09-14-2005
Alibaba.com Has No Plans to List or Acquire in Sight

ZHEJIANG, Sep 14, 2005 (SinoCast via COMTEX) -- On September 10, Jerry Yang, co-founder of Yahoo!, says that Alibaba.com has no plan to list in the following two years when attending the 2005 China Internet Summit.

The summit was staged at the West Lake in Hangzhou City of Southern China's Zhejiang Province.

Yang adds that after buying a 40 stake in Alibaba.com with USD 1 billion, Yahoo! is satisfied with Alibaba.com's current structure and is not to completely control its development despite being its largest strategy investor.

Jack Ma, founder, chairman and chief ...

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