ALIBABA CLAIMS IT HAS TIGHTENED CRITERIA FOR LISTING SUPPLIERS, BUT SCAMS CONTINUE SAY USERS OF THE B2B SITE
February 1st, 2012
BY MARK GODFREY, IN BEIJING
THE ALIBABA Group, China's largest e-commerce company and the world's biggest online trade platform, has been fighting to preserve its reputation for probity as it tries to take its Hong Kong-listed subsidiary Alibaba.com private for up to Chinese Yuan Renminbi CNY20 billion (USD3.1 billion) in cash. Based in Hangzhou, south of Shanghai, Alibaba has also been trying hard to buy back the 40% stake owned by Yahoo! The move follows a spate of bad press for Alibaba after it disclosed in February 2011 that its salespeople helped defraud ...
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