Alibaba holds a charity auction
Alibaba Group Holding Ltd put 41 products up for auction in July, through online and offline channels, bringing in a total of 80,166 yuan ($11,919) for charity. The donations will be given to the Adream Foundation in Shanghai, which will use the funds to construct classrooms in poor areas. Alibaba said the starting price for each product was one yuan. The most popular product was a bottle of floral water valued at 10.43 yuan, which sold for 520 yuan.