Tuesday, October 19, 2010

Ali Mama assets will pass into the listed company Alibaba



November 21, according to Hong Kong media reports, sources said Ali, Alibaba Group, will be injected into the mother has been listed on Alibaba B2B companies, Ali Mama wholly owned by the Alibaba Group, is a distribution platform for online advertising website.

Alibaba Group yesterday formally announced the launch of Ali Mama, the site aims to create a distribution platform for online advertising, the advertisers and personal blog site with the small channel between, and to extract from each transaction, a commission of 8%.

According to reports, this year on August 10 since the opening of trial operation, now Ali has established a mother more than 150,000 small and medium sized websites and 135,000 blog advertising network.

Ali launched her mother affected by the news, once Mogao Alibaba shares to 38.5 Hong Kong dollars yesterday.

In today's early trading, as of 10:35, Alibaba.com shares rose 0.75 Hong Kong dollars to 36.3 Hong Kong dollars, or 2.11%.







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