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  1. Alibaba 'comes clean' on fraud but cynics are unimpressed

    Posted Feb 26th 2011, 12:00am by Shirley Yam

    ... Jack Ma Yun is definitely one of the smartest businessmen in China. The founder of the country's largest e-commerce group, Alibaba.com, has successfully turned a corporate scandal ... conscience'. It all happened virtually overnight after the firing of two Alibaba.com executives for failing to taking action against scams involving 2,326 fraudulent traders and 100 salespeople. ...

  2. Injunction forces other Alibaba to change name

    Posted Jul 07th 2011, 12:00am

    ... Months after it was shaken by disclosures of fraud at its Hong Kong-listed subsidiary, Alibaba Group Holding yesterday saw its swift action on a potentially troublesome issue resolved in court. The company, which is the parent of e-commerce giant Alibaba.com, yesterday was granted an injunction by the city's High Court against a firm located in Central that also calls itself ...

  3. Alibaba rises on news of spin-off for US unit

    Posted Jun 17th 2011, 12:00am

    ... As its parent firm looked into a future public listing, Alibaba.com saw its share price rise in trading yesterday on news that it planned to spin off a business unit in the United States. The company, the Hong Kong-listed flagship of mainland e-commerce giant Alibaba Group Holding, was reported to be in talks with banks about a proposed US listing of HiChina Web Solutions, a mainland ...

  4. Alibaba in warning after tepid earnings

    Posted Nov 25th 2011, 12:00am

    ... Bien Perez bien.perez@scmp.com Alibaba.com, the world's largest business-to-business e-commerce services provider, warned of continued market volatility in the near term after posting sluggish earnings growth in the third quarter. The Hangzhou-based company, the flagship of internet conglomerate Alibaba Group, saw its net profit climb 11.9 per cent to 409.7 million yuan ...

  5. Alibaba kicks off plans for HiChina spin-off

    Posted Sep 27th 2011, 12:00am

    ... Bien Perez bien.perez@scmp.com Alibaba.com, the world's largest business-to-business e-commerce company, plans to spin off its mainland internet infrastructure services unit, HiChina Group, through a separate listing in the United States. Hangzhou-based Alibaba.com said yesterday that its proposal for an initial public offering was submitted to the Hong Kong stock exchange. ...

  6. Online sellers stage charges protest

    Posted Dec 16th 2011, 12:00am

    ... Marketplace, the retail e-commerce divisions of the privately held Alibaba Group. Around 20 protesters handed a petition yesterday to the Liaison Office of the Central People's Government in Sai Wan, so that their complaints could be passed on to Prime Minister Wen Jiabao. A demonstration will be staged today at Times Square in Causeway Bay, where the Hangzhou-based Alibaba ...

  7. Change at Alibaba.com's helm seen as positive, but share price tumbles

    Posted Feb 23rd 2011, 12:00am by Staff Reporter

    ... Bien Perez While analysts saw Alibaba.com's appointment of a new chief executive as a fresh start, the company's shares fell sharply yesterday following the discovery of fraudulent activities by sales staff of the company. Alibaba's shares fell 8.63 per cent, the most since September 15, 2009, to close at HK$15.24, a day after chief executive David Wei Zhe ...

  8. New Alibaba.com chief to fight fraud after scam by fake traders

    Posted Feb 22nd 2011, 12:00am by Staff Reporter

    ... Bien Perez Thrust into the job of chief executive at Alibaba.com after scandal brought down two of the company's top officers, Jonathan Lu Zhaoxi yesterday vowed to fight fraud ... Lee Shi-huei. An internal investigation revealed that more than 2,000 fake suppliers had used Alibaba to defraud international buyers. Though not involved in the fraud, the pair resigned ...

  9. Sacking of Yahoo boss may spur buy-back

    Posted Sep 08th 2011, 12:00am

    ... Bien Perez bien.perez@scmp.com The ousting of Yahoo's chief executive could pave the way for mainland e-commerce giant Alibaba Group to renew talks to buy back shares held ... in its relationship with Hangzhou-based Alibaba, in which it has a 40 per cent stake. Alibaba, the parent of Hong Kong-listed Alibaba.com and mainland online retail leader Taobao, sold that stake ...

  10. Alibaba Group gets US$1.6b investment

    Posted Sep 24th 2011, 12:00am

    ... Bien Perez bien.perez@scmp.com In a deal that may well sweep aside recent speculation about a public listing, Alibaba Group received a US$1.6 billion tender offer for shares from an investor group led by DST Global, Silver Lake and Chinese private equity firm Yunfeng Capital. According to a person familiar with the transaction, Alibaba shareholders, which include ...




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