Alibaba.com boosts commitment to Taobao.com

Telecommunications, Media and Technology

Friday, October 10, 2008 21:07:55

	Alibaba.com boosts commitment to Taobao.com By STAFF EDITOR Published: July 07, 2008 05:07 PM Ma Yun, the chairman of leading Chinese online trading marketplace and business community Alibaba.com (1688.HK) said over the weekend the company would spend US$291.59 million (RMB2 billion) over the next five years on technical innovation at its online retail shop Taobao.com, the Shanghai Securities News reported. Alibaba invested RMB450 million launching Taobao.com, China&... You are currently reading 57 words of 175 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: retail , monopoly	More Articles in Telecommunications, Media and Technology > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Pudong hi-tech fund invests US$7m in Legend Capital fund Online shops to introduce replacement policy Uncertainty afflicts telecoms sector China’s 1st OLED plant put into production Guangzhou audio firm takes control of AuraSound Irico Electronics builds China’s largest TFT-LCD plant Online love headhunter eyes IPO

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