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The founders of Chinese internet company Alibaba Group Holding Ltd have set up a charitable trust focusing on the environment and health that could be worth as much as US$3bil (RM9.8bil), making it one of the biggest in Asia.
Alibaba Group Holding Ltd may be making its debut on Wall Street later this summer, but it's certainly no stranger to the investors of Silicon Valley.
Angry Chinese nationalists finally woke up on Wednesday to the fact that Japanese and American companies own more than half of e-commerce juggernaut Alibaba, and have done for years.
After being knocked back by US venture capitalists in 1999, cash-strapped Chinese entrepreneur Jack Ma persuaded friends to give him US$60,000 (RM194,970) to start an e-commerce firm called Alibaba.
Alibaba Group Holding Ltd has struck one of its largest deals with a US e-commerce company, agreeing to help Amazon.com rival ShopRunner expand into China.
Part-way through Alibaba Group Holding Ltd's long-awaited IPO prospectus was a subtle, but striking, warning: investors should know that lead founder and executive chairman Jack Ma might work against the company's best interests.
Alibaba Group Holding Ltd's planned IPO is set to create a long list of multimillionaires just from its partners in the company — music to the ears of private bankers seeking to cash in on the wealth created by China's tech sector boom.
Alibaba is taking a tougher line against counterfeit items sold on its online marketplaces as the Chinese e-commerce giant heads towards a US stock listing that could be the world's biggest technology company IPO.
The founder and executive chair of Alibaba Group Holding said investors and entrepreneurs can fall out like domestic couples squabbling over their children as the Chinese e-commerce juggernaut prepares for its blockbuster initial public offering.