$137.8B U.S. ad spend for top 200 advertisers
HiChina is a provider of Internet infrastructure services in China. With the deal, Alibaba.com said it gains 200,000 customers, most of whom do not overlap with existing customers.
The deal is expected to close by the end of the year. HiChina, with more than 550 employees, will become a subsidiary of Alibaba.com and retain its own brand name and operations.