Alibaba.com will buy an 85% stake in internet-service provider China Civilink for US$63.8 million, the Wall Street Journal reported. The deal will boost the B2B site’s client base: China Civilink, which operates in China as HiChina Web Solutions, has 200,000 customers. The company and its services will now become part of Alibaba’s information technology business unit providing assistance to small businesses. Alibaba also bought the business management software unit of its affiliate Alisoft Holding in August. Alibaba.com Chief Executive Officer David Wei confirmed that the company is looking out for more investment opportunities that fit its strategy of looking for new customers, new e-commerce opportunities, and new technology.
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