Alibaba.com will soon expand into Taiwan and Hong Kong, according to the company's top executives, the Wall Street Journal reported. Alibaba's chairman, Jack Ma, announced that the company is discussing a possible deal with Taiwan's Hon Hai Precision Industry, the world's largest contract electronics manufacturer by revenue, which currently holds a 0.3% stake in Alibaba. The company is expected to join forces with Yahoo Japan and Softbank and have already unveiled a trial version of Japanese-language software. Company executives also mentioned India as a potential target for future expansion. Alibaba's chief executive, David Wei, said the company's top priority was growing its constomer base. The e-commerce company, which is partially owned by Yahoo, recently raised US$1.5 billion on the Hong Kong stock exchange.
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