Alibaba Proposes Return to Private Ownership

Alibaba.com, a popular marketplace for sourcing goods from China, has announced a proposal to privatize the company by buying back shares from minority shareholders.

The announcement says the proposal is driven by "...a shift in its business strategy [that] could result in slower revenue growth and less earnings visibility in the short- to medium-term." It goes on to explain the change from "rapidly increasing the number of manufacturers, trading companies and wholesalers that pay a subscription fee" to "improvements in the quality of the buyers' experience."

Tagged: Sourcing
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