According to Hong Kong East Daily, Alibaba has submitted its IPO application to Hong Kong Stock Exchange. This marks the beginning of Alibaba's IPO procedure. It's expected to be listed in October at the earliest. It's valued as between $80 billion and $100 billion. It may raise $20 billion this round. If Alibaba is listed successfully, this will be the highest fund raising company in HSE's history. There is news that Alibaba will spend $7 billion to buy back the shares owned by Yahoo.Yahoo recently released its Q2 earning report. From the data revealed by Yahoo, Alibaba's revenue is $1.38 bil...

Today one important news is that Fab completes its D round fund raising with 150 million US dollars. Regarding this round of fund raising, Fab CEO Jason Goldberg explained : "If Fab wants to do business in US only, then it's not necessary to raise so much money.". Also from the investment of Tencent and Itochu from Japan, China and Japan will be Fab's new market of expansion.Why does Fab choose to cooperate with Tencent to expand Chinese market?(There was news that Alibaba was also contacting Fab for the cooperation)? Goldberg gave his explanation while interviewed by AllThingsD.“We had ...

Last night, Alibaba announced acquisition of 18% shares of Sina Weibo with $586 million, according to sources close to the deal, after the completion of this deal, Alibaba will become the second largest shareholder of Sina Weibo and may become the largest shareholder in the future.This deal was supposed to be completed before Chinese Spring Festival, but because Alibaba and Sina had a heated argument about the share holding of Sina Weibo which resulted in substantial delay in the time to complete the deal. Alibaba Managing Capital, Alibaba Group vice president Hongping's statement also confirm...