Cash-rich Alibaba benefits from crisis, looks to expand
25 May 2009
By Don Gasper
China’s e-commerce giant Alibaba.com plans to increase its investments this year, fortified by a substantial war chest, a fast-expanding base of paying subscribers and a new pay-for-performance advertising product.
As revenue increased by 19 percent year-on-year in the first quarter of 2009, the company said in May that it felt it was actually benefitin