Alibaba Invests In AdChina While Investors Check Out

By | January 14, 2015

Scalper1 News

Alibaba (BABA) said Wednesday that it’s taken a majority stake in AdChina, the company that runs China’s largest independent digital ad platform, to expand its online and mobile marketing capabilities in the Chinese market. Alibaba shares fell 2.4% to 98.32 in afternoon trading on the stock market today, at its lowest levels since the end of October. Alibaba’s stock blew out of an IPO base in late October, soaring to 120 on Nov. 13. Since then the Scalper1 News

Scalper1 News