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China's Alibaba to invest 5 bln yuan in online auction unit [Xinhua Economic News](08 Oct 2008 20:22:00 EDT)Taobao, the online auction unit of China's e-commerce giant Alibaba Group, on Wednesday announced the parent company would invest in it 5 billion yuan over the next five years. Taobao president Lu Zhaoxi said the investment showed its confidence in the long-term Internet development and economic growth in China.
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China's Alibaba to invest 5 bln yuan in online auction unit [Xinhua News Agency](08 Oct 2008 12:26:00 EDT)Taobao, the online auction unit of China's e-commerce giant Alibaba Group, on Wednesday announced the parent company would invest in it 5 billion yuan over the next five years. Taobao president Lu Zhaoxi said the investment showed its confidence in the long-term Internet development and economic growth in China.
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Alibaba.com to join hands with Home Inn [Xinhua Economic News](07 Oct 2008 04:22:00 EDT)Alibaba.com, a B2B e- commerce company, plans to cooperate with the Nasdaq-listed budget hotel chain in China, Home Inns & Hotel Management Inc.. Home Inns' large network, covering more than 400 hotels in nearly 90 cities in China, is expected to promote Alibaba's new e- commerce product, Winport, which targets at small and medium companies.
