On Air Now

Current Show

America Now   8:00 PM - 11:00 PM

Call America Now at 877-927-2639 between 5pm and 8pm

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
66° Feels Like: 66°
Wind: W 6 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Tonight

Mostly Clear 53°

Tomorrow

Mostly Sunny 75°

Wed Night

Clear 53°

Alerts

Alibaba names partnership members in new IPO prospectus

BEIJING (Reuters) - Chinese e-commerce giant Alibaba Group Holding revealed the members of its 28-person partnership in its updated initial public offering prospectus on Monday.

The partnership, which includes founder Jack Ma, Executive Vice-Chairman Joseph Tsai and Chief Executive Officer Jonathan Lu, will have the exclusive right to nominate a majority of Alibaba's nine-member board of directors.

The updated filing gives potential investors more information about the operations of China's biggest e-commerce firm, whose initial prospectus, filed in May, was criticised for its lack of detail.

The size of the U.S. IPO is widely expected to exceed Facebook Inc's $15 billion initial share sale in 2012.

(Reporting by Paul Carsten and Matthew Miller; Editing by Greg Mahlich)

Comments