China's Alibaba reports media blackmail attempt to police

BEIJING Fri Jul 18, 2014 7:50pm IST

People play in a hall inside Alibaba's headquarters in Hangzhou, Zhejiang province, April 23, 2014. REUTERS/Chance Chan/Files

People play in a hall inside Alibaba's headquarters in Hangzhou, Zhejiang province, April 23, 2014.

Credit: Reuters/Chance Chan/Files

Related Topics

BEIJING (Reuters) - Alibaba Group Holding Ltd, the Chinese e-commerce titan gearing up for a mammoth U.S. initial public offering, has reported a blackmail attempt by a media organisation to police, the company said on its official microblog on Friday.

Alibaba said on its Weibo microblog that the media organisation sought $300,000 to suppress a negative report about the company. Alibaba said the matter had been reported to police in Hangzhou, where the firm is based.

Alibaba's listing on the New York Stock Exchange could be one of the biggest initial public offerings ever. The company, founded by Jack Ma, is now looking at a September debut, a source told Reuters on Thursday.

(Reporting by Paul Carsten. Editing by David Clarke)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

UPGRADED DEVICES

Reuters Showcase

Apple Update

Apple Update

Bug delays Apple's HealthKit availability on iOS 8.  Full Article | Related Story 

New iPads

New iPads

Apple to unveil new iPads, operating system on Oct. 21 - report.  Full Article 

E-Commerce

E-Commerce

Tiger Global leads $60 million investment in Quikr .  Full Article 

IPhone 6

IPhone 6

IPhone comes out of a "bygone era", reviewers hail bigger handset.  Full Article 

Revenue Forecast

Revenue Forecast

Adobe revenue forecast misses, shares slip.  Full Article 

Engine Design

Engine Design

Boeing-Lockheed picks Bezos engine for future rockets .  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage