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Alibaba: Come To Mama! Alibaba: Come To Mama!(0)

“No longer will 80% of China’s website traffic go unmonetized”, said Jin Jianhang, an Alibaba Group spokesperson. “The launch of Alimama makes web publishing commercially viable for China’s more than one million small- and medium-sized web sites. At the same time, advertisers now have an affordable way to reach targeted audience groups on the growing number of specialized websites and blogs in China.”

A wholly owned subsidiary of Alibaba Group, Alimama has emerged from its 100-day beta period as one of China’s largest online advertising exchange platforms and is well positioned to help small and medium sized web publishers monetize the estimated 80% of web site traffic which goes unmonetized in China.

Alimama’s business model is designed to meet the needs of China’s fragmented market for online advertising, providing a system that is transparent to both web publishers and advertisers. To use the service, publishers register on Alimama.com to provide a description of the advertising inventory for sale, as well as the pricing models based on which the inventory can be sold, such as pricing based on impressions served, clicks or other actions by Internet users. Advertisers review the information posted by publishers, along with independent website traffic data.

Source : Chinatechnews

Alibaba.com Initiates Trading In Hong Kong Alibaba.com Initiates Trading In Hong Kong(0)

The debut of Alibaba’s shares was witnessed by the company’s management team, 18 founders and other guests at the listing ceremony.

“We are pleased to welcome investors from Hong Kong and around the world to join us in building a world-class e-commerce company,” said Jack Ma, non-executive chairman of the company and chairman and chief executive officer of Alibaba Group. “Alibaba.com’s IPO ushers in a new era of e-commerce development and we look forward to pioneering an e-commerce ecosystem that benefits businesses in China and around the world.”

Alibaba.com and its parent company Alibaba Group initially offered a total of 858,901,000 shares under the Global Offering, of which 227,356,500 shares were offered by the Company and 631,544,500 shares were offered by Alibaba Group. An additional 113,678,000 shares were sold by Alibaba Group upon exercise by the International Underwriters of their Over-Allotment Option.

The eight Cornerstone Investors which participated in the Global Offering included Yahoo! Inc., AIG Global Investment Corporation (Asia) Limited, Foxconn (Far East) Limited, Industrial and Commercial Bank of China (Asia) Limited, Cisco Systems International B.V., and entities affiliated with Peter Kwong Ching Woo (Chairman of The Wharf (Holdings) Limited), the Kwok family (controlling shareholders of Sun Hung Kai Properties Limited) and Mr. Kuok Hock Nien.

The total cornerstone investment was HK$2.1 billion and all Cornerstone Investors agreed to a lock-up period of 24 months from the date of listing.

Source : Chinatechnews

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