AFX News reports that KPMG partner Maggie Wu has been appointed as CFO of Alibaba.com. Joe Tsai will continue as CFO of the Alibaba Group which includes Alibaba.com, the B2B business, Taobao.com and Yahoo! China. Wu will start work at Alibaba at the end of this month.
BSG understands that preparations for Alibaba.com’s IPO in Hong Kong continue. No date for the listing has yet been indicated.
Source: Forbes – Business Strategies Group, Hong Kong www.bsgasia.com