Alibaba strategic investment holding 540 million civilink

September 28th afternoon, the Alibaba Network Limited (HK.1688) today announced that it will pay RMB 540 million yuan in cash, the two get Internet infrastructure service provider network in Chinese operating equity China.

it is reported that the investment of Alibaba listed companies since the single largest foreign investment, the biggest action is China e-commerce service providers to the Internet based service market development. Through this investment, the Alibaba will obtain self-service website construction technology China considerable customer base, network technology, new and advanced automation and strong management and operation team of four important assets and business.

in accordance with the agreement, the investment is the fastest at the end of this year, the original brand civilink Chinese will remain, and maintain relatively independent operation. After the investment is completed, the IT business of small enterprises Chinese million network products and services will be included in the Department of Alibaba. The division is committed to a comprehensive solution to the problems encountered by small businesses in setting hardware, software and Internet based services and IT maintenance.

it is reported that, after the investment is completed, Zhang Xiangdong, Lu people management will continue to serve for China million net, nets of the daily operation and management. Because it does not involve the merger and reorganization. Chinese civilink said that this investment will not involve layoffs. With the deepening of cooperation, China network will continue to expand, to recruit more talents.

"is a relatively Chinese million net profit ability and healthy financial condition of the Internet Co, Alibaba’s investment will actively promote the common development of both sides in the future of business. Both sides believe that the price of the transaction within a reasonable range." Alibaba chief financial officer Wu Wei said.

data show that China nets is the leading provider of Internet infrastructure services, domain name services, hosting services range from basic; e-mail, website construction, network marketing, voice communications and other applications; and high-end enterprise e-commerce solutions and consulting services, www.net.cn and www.com.cn in Chinese business number famous website.

September 28th afternoon, the Alibaba Network Limited (HK.1688) today announced that it will pay RMB 540 million yuan in cash, the two get Internet infrastructure service provider network in Chinese operating equity China.

it is reported that the investment of Alibaba listed companies since the single largest foreign investment, the biggest action is China e-commerce service providers to the Internet based service market development. Through this investment, the Alibaba will obtain self-service website construction technology China considerable customer base, network technology, new and advanced automation and strong management and operation team of four important assets and business.

in accordance with the agreement, the investment is the fastest at the end of this year, the original brand civilink Chinese will remain, and maintain relatively independent operation. After the investment is completed, the IT business of small enterprises Chinese million network products and services will be included in the Department of Alibaba. The division is committed to a comprehensive solution to the problems encountered by small businesses in setting hardware, software and Internet based services and IT maintenance.

it is reported that, after the investment is completed, Zhang Xiangdong, Lu people management will continue to serve for China million net, nets of the daily operation and management. Because it does not involve the merger and reorganization. Chinese civilink said that this investment will not involve layoffs. With the deepening of cooperation, China network will continue to expand, to recruit more talents.

"is a relatively Chinese million net profit ability and healthy financial condition of the Internet Co, Alibaba’s investment will actively promote the common development of both sides in the future of business. Both sides believe that the price of the transaction within a reasonable range." Alibaba chief financial officer Wu Wei said.

data show that China nets is the leading provider of Internet infrastructure services, domain name services, hosting services range from basic; e-mail, website construction, network marketing, voice communications and other applications; and high-end enterprise e-commerce solutions and consulting services, www.net.cn and www.com.cn in Chinese business number famous website.

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