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Tuesday, Jul 9
"We are ready, and we can do an IPO any time," says new Alibaba CEO Jonathan Lu in remarks to...
"We are ready, and we can do an IPO any time," says new Alibaba CEO Jonathan Lu in remarks to the WSJ that should please Yahoo (YHOO) investors. Lu declares both NYC and Hong Kong to be "suitable" locations for an IPO, but (in what could be a hint) says Alibaba is more familiar with the latter's rules. Lu also mentions Alibaba, fresh off buying stakes in Sina and AutoNavi, will pursue more deals to strengthen its mobile hand, as it contends with growing e-commerce competition from messaging/gaming giant Tencent (TCEHY.PK). (Reuters IPO report) (logistics network) (Q4 results)