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Making Alibaba.Com Private to Withstand Pressures
The publicly traded Chinese internet giant Alibaba.com Ltd. would be made private in a US$2.3 billion deal to shore up the business-to-business portal by Alibaba Group Holding Ltd. The Chinese group, Alibaba Group Holding Ltd, which owns 73% of Alibaba.com, believes that the move would free it from ‘the pressures’ of having a listed company.
