As a prelude to possible listing in Hong Kong, Alibaba has appointed Maggie Wu as the chief financial officer for its B2B business.

Maggie Wu will take the position at Alibaba at the end of this month. Before joining Alibaba, she was a partner of KPMG. She joined KPMG in 1992 and was later promoted to partner for the audit business of KPMG in 2003. She has participated in the IPO audits of China Telecom and China Merchants Bank and provided auditing and consulting service to a few large size enterprises like Motorola, Siemens and Sinopec.

In early May, the Chinese media reported that Alibaba would have its B2B service, which is the main income source of Alibaba, listed in Hong Kong in the third quarter of this year to raise about US$1 billion.

2 COMMENTS

  1. Gentlemen:

    You have reported extensively on Alibaba, largest online trader in which Yahoo.com has a 40% stake worth USD 1 billion. You are probably not aware that Alibaba is heavily involved in the international shark fin trade, offering some 380 companies a convenient platform to conduct their questionable business. By doing so, Jack Ma's Alibaba actively promotes the indiscriminate slaughter of the sharks and, thus, contributes to an environmental catastrophe of incalculable consequences for us all.

    In case you need more information on shark finning, please let me know. I would then supply you with relevant data.

    Best regards,

    Wolfgang Leander

  2. My research on shark fin led me to this web and I am grateful for the information. Would you please advise me on Alibaba work pertaining to this issue?
    -Paul Wei

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