Alibaba to Vote 2 billion Yuan to Tao bao  Ma Yun Still Avoid  to Talking Profit

Chairman of the Board of Alibaba Group, Mr. Ma Yun announced at the 5-year anniversary of Taobao last weekend that their Group will invest an additional 2 billion Yuan to Taobao which must be spent within five years. However, Ma Yun evaded the question of how does Taobao to make profit. He claimed that he is not interested in the issue of making money.

It is reported that such 2 billion investment of Aalibaba to Taobao is the third one since the establishment of Taobao in 2003. Invested 450 million Yuan, Taobao is set up by Alibaba Group on May 10, 2003 and a second investment of 1billion Yuan in October 2005. Up to now, the investment of Alibaba Group on Taobao is accumulated 3.45 billion Yuan.

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