In the time when businesses all over the world are facing financial crisis, world's largest B2B marketplace, Alibaba Group has announced $200 million to spend on acquisitions over next few years. In an interview to Wall Streen Journal (WSJ), Wei Zhan who is leading the investment unit of Alibaba said they have already spent $73 million and are expecting $200 million in coming few years.Alibaba has so far shown its interest in industries inlcuding mobile applications like they recently invested in UCWEB Technology for its mobiile web browser, in Alipay for electronic payment system and in some other areas. So far their investments are limited to mainland China but in recent visit to USA, Alibaba showed its interest in investments for foreign companies.
Related News:
Posts
0 comments:
Post a Comment