Alibaba’s IPO Architect Lays out Blueprint for E-Commerce Empire

Source: Reuters

HONG KONG, China — Alibaba, the world's biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants to transform the rest of the country's services industry, adding new users to the giant's 300 million customers.

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Eyeing Alibaba IPO, Bankers Skipped Lucrative Mandates

HONG KONG, China — Every big bank in town wanted a piece of the Alibaba Group Holding Ltd initial public offering, set to be the biggest technology listing ever. So much so that, according to Thomson Reuters data, major banks skipped an estimated $100 million in combined fees they could have made from work for other clients over the past year.

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China’s Central Bank Halts Tencent, Alibaba Mobile Payment Process

Source: Reuters

HONG KONG, China — China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding, amid concerns over the security of their verification procedures.

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