Alibaba will IPO

As far as we know, this Reuters report is the first time that Jack Ma has actually said "we will be a public company". He does, however, shy away from suggesting any timetable for this, instead highlight what he sees as the company's higher priorities: "We have to fix Yahoo first, be the No. 1 search engine."

Apparently, the company is planning to launch a new Yahoo! China search engine in September in an effort to catch up from its distant 3rd place behind Google China and Baidu.com.