Alibaba Delisted from Hong Kong Stock Exchange

Posted by Joachim Bartels | Jun 23, 2012 | Alibaba, China, E-Commerce, Hong Kong, Online Media - Buyer - Seller Platforms | 0 |

Alibaba.com, the B2B arm of e-commerce company, Alibaba Group, was formally delisted from the Hong Kong Stock Exchange after an agreement was reached at a shareholders’ meeting in May. Alibaba will pay US$2.45 billion, or US$1.74 per share (HK$13.50), for the 27% stake held by public minority shareholders of Alibaba.com.

Alibaba.com’s revenue has more than doubled from US$471 million (RMB 3 billion) to US$1 billion (RMB 6.4 billion) between 2008 and 2011. Profit attributable to shareholders during this period grew from US$189 million (RMB 1.2 billion) to US$267 million (RMB 1.7 billion), while the number of paying members were up from 432,000 to more than 765,000.

Source: Business Strategies Group, Hong Kong

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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