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