Alibaba holds a char­ity auc­tion

China Daily (Hong Kong) - - BUSINESS -

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.

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