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Alibaba.com to Spin Off HiChina in US IPO

Alibaba.com, 9/26/11

Chinese B2B e-commerce company Alibaba.com (1688.HK) has submitted a proposal to the Hong Kong Stock Exchange announcing its intention to spin off its non-wholly owned internet infrastructure provider subsidiary HiChina in an initial public offering in the United States. Details of the offering, including its size, structure and price, have not yet been finalized.

Editor's Note: For more information on this topic, please see "Rumor: Alibaba.com Considers HiChina IPO," MD 6/16/11 issue.

Keywords: Internet IPO Alibaba.com HiChina

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