A man walks past an Alibaba (China) Technology Co. Ltd. logo at its headquarters on the outskirts of Hangzhou, Zhejiang province. China's biggest online marketplace, Alibaba Group Holding Ltd's Taobao, has decided to ban the sale of Bitcoins following a government crackdown against the virtual currency - Reuters Photo.
BEIJING: China's biggest online marketplace, Alibaba Group Holding Ltd's Taobao, will ban the sale of Bitcoins on the heels of a government crackdown against the virtual currency to plug a potential gap in its tight controls on capital flows.
The move comes as Alibaba, China's biggest e-commerce company, seeks the smoothest of rides toward a giant initial public offering of stock expected later this year.
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