Alibaba Group Denies Plans to Split into 30 Companies
Tencent Tech, 12/19/12
Chinese e-commerce conglomerate Alibaba Group has denied recent rumors that the company will spin off thirty separate companies, including a "Big Taobao" business group, Taobao Travel, and its wireless business, dismissing it as marketplace rumors and claiming there are no such plans within the Group.
Editor's Note: For more background on this topic, please see "Alibaba CEO Expounds on IPO Strategy" MD 12/17/12 issue.
Keywords: e-commerce Taobao Internet IPO strategy wireless Big Taobao Alibaba Group Taobao Travel
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