Thursday, October 14, 2010

Alibaba CEO Wei Zhe: mergers and acquisitions in the domestic launch



Beijing time on August 14 morning news, according to foreign media reports, Alibaba CEO Wei Zhe Thursday hinted that the company will soon begin in China M & A activity.

Wei, said, "We are relatively close to that in the coming months," M & A transactions reached its goal "is not global," suggesting that Alibaba is working with the domestic market, a company to negotiate.

Zai global economic crisis situation, many small and medium enterprises are switching to e-commerce market, Lai won the order, Alibaba is trying to Zheng Qu Dao Zhe Yi part of customers, and the planned acquisition is Gai Jiao Yi Gong Si continue to Tuozhan Yewuzhanlue the Yi Bufen content. Alibaba already has a large number of such customers, the trend of China's total exports of the "leader."

Late last year, the company was using the current crisis began an intensive marketing campaign, saying the next two years at the expense of profits to gain new business. Over the past six months, Alibaba has many customers in six countries reached a marketing partnership.

Alibaba announced today reported a net profit of the company's second quarter, 260.7 million yuan (about 38 million U.S. dollars), down 34.2% year on year, this decline does not exceed the company's previously expected range; revenue of RMB 9.083 billion yuan, up 23.6%.

Wei Zhe, said: "We continue to take a cautious near-term view of the global economy, but Alibaba e-commerce and the future outlook is very optimistic."

Alibaba also said the company will be distributed in the September 20 HK cents per share special dividend.







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