Alibaba, the giant B2B marketplace is planning to spin off HiChina, its domain-name and hosting service subsidiary for a potential IPO in the U.S. The Hangzhou based ecommerce company has submitted its proposal to the Hong Kong stock exchange today.

Back in 2009 Alibaba invested $79 million in HiChina for 85% of the company, a domain name register that is now extending its reaches into cloud-computing arena with site hosting initiative.

Founded all the way back in 1995, HiChina started out providing domain-name service with significant performance that more than 2.5 million customers registered over 2 million domain names through HiChina over the last 16 years.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.