Alibaba Asks Firms to Pick Sides

, The Asian Lawyer


The Chinese e-commerce giant, which is expected to have the world's largest IPO since Facebook Inc. later this year, has let it be known that it won't be hiring any firm for transactional work that also advises its major competitors. Though such demands are not uncommon outside of Asia, not least in the U.S. tech sector, lawyers say firms face a more complicated choice in the super-competitive but still-developing China market.

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