Alibaba To Buy SoftBank-Backed Wandoujia At Greatly Discounted Price

Alibaba Group Holdings Ltd. is rumored to be buying Wandoujia, a Beijing-based Android mobile app distribution platform backed by SoftBank Corp., Goldman Sachs, DCM and Innovation Works at a greatly discounted price.

China Money Network

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Nina Xiang
Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.

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