Alibaba.com bought out European B2B website Aladyns.com

European portal Aladyns.com has agreed to sell a 49% stake it takes in Aladyns.com, an European B2B website in Central Europe, to the leading e-commerce website Alibaba.com, sources were quoted as saying.

Aladyns.com spokesperson said the two sides will ink an agreement in the afternoon of April 01. Nonetheless, some details like exact transaction value will be announced together by then.

After being absorbed by Alibaba.com, Aladyns.com will be combined with the B2B platform Alibaba.com. However, the brand Aladyns.com will gradually fade out of people's sight, and changed to polish brand Biznes-Handel.pl.


Source: http://alibaba.bblog.pl/