[Reuters] China's Alibaba on hunt for acquisitions after IPO: media

Posted by: UGN Security

[Reuters] China's Alibaba on hunt for acquisitions after IPO: media - 07/10/13 03:08 AM

SHANGHAI (Reuters) - China's e-commerce giant Alibaba Group Holding Ltd's will use proceeds from its potential IPO to fund acquisitions, media reported on Wednesday, as the firm looks to broaden its mobile services.