6/16/14

Alibaba discloses an increasingly up-market e-commerce business

Tmall, the marketplace that features such brands as Apple and Gucci, represents a growing share of the business of China’s dominant online retail company.

Don Davis , Editor in Chief

Investors wanted more information before they invest billions in China’s leading e-commerce company and today they got it.

Alibaba Group Holding Ltd. today filed 364 pages of additional information with the U.S. Securities and Exchange Commission in advance of an initial public offering of stock on a U.S. exchange expected later this year. The document showed that Alibaba’s Tmall marketplace, which caters to such big brands as Apple and Gucci, represents a growing share of the company’s business. It also disclosed the names of the 27 individuals who will continue to run Alibaba and that the company plans to add four independent directors, including Yahoo co-founder Jerry Yang and the former chief executive officer of Hong Kong.

Here are some of the highlights of today’s filing:

Topics:

Alibaba IPO, Alibaba Partnership, Chee Hwa Tung, Jack Ma, Jerry Yang, Taobao, Tmall

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