Alibaba Prepare A Stock Market IPO
Mar 15th, according to informed sources that Alibaba Group is preparing to return to China’s A Stock market after its IPO in New York Stock Exchange 3 years ago. Alibaba Group confirmed the plan, but didn’t reveal a time table.
China Unicom Board Include Members from Private Sector
State-owned telecommunication giant, China Unicom has issued announcement that its Board has expanded from 7 members to 13. Among the 8 non-independent Directors, 4 are from private sector, namly Baidu, Alibaba, Tencent and JD.
US Court Renew Lawsuit Against Alibaba
Dec 6th, an appeal court in the US renewed the lawsuit against Alibaba for hiding warnings from the authorities on its selling of counterfeit products during IPO, which may constitute a fraud against investors.
Jan 10th, President Elect Donarld Trump had a meeting with the Chairman of Alibaba Group, Mr. Ma Yun in Trump Tower for 40 minutes.
Chinese realestate billionaire Wang Jianlin lost USD5.8 billion in 2016 to USD30.6 billionaire, and lost the title of “Richest Man in China” to Ma Yun, the founder of Alibaba, who gained USD3.6 billion to own USD33.3 billion.
Dec 21, United States Trade Representative (USTR) released 2016 Notorious Markets List and Taobao.com is again included for selling counterfeits and react slow to complaines. Taobao’s parent company Alibaba was included in 2012.