Perspectives
Alibaba Group will invest 1.8 billion yuan ($282.2 million) to aid the development of small-medium-enterprises on Taobao Mall, it said on Monday, after last week’s move to raise fees next year led to mass protests online.
Thousands of small business owners protested online last week after Taobao Mall, a unit of Alibaba Group, said it will hike fees for 2012.