Alibaba

  • Alibaba to buy out mobile browser firm UCWeb in China's biggest internet merger June 11, 2014

    Beijing: Alibaba Group Holding Ltd will fully acquire mobile browser firm UCWeb in the biggest merger in Chinese internet history, upping the stakes in its battle with arch-rivals Tencent and Baidu. Alibaba's purchase of the one-third of UCWeb it didn't already hold emphasises the company's push to do more business on...
  • China's Alibaba to launch its first US shopping website: Reports June 11, 2014

    Bangalore: Chinese e-commerce company Alibaba Group Holding Ltd is launching its first US direct-to-consumer online shop on Wednesday, the Financial Times and other media reported. The website will operate as a marketplace similar to Alibaba's China-based TMall, which offers virtual store fronts to merchants who set their own prices and handle...
  • Flipkart wants to be like China's Alibaba June 4, 2014

    New Delhi: India's online retailers are bulking up on acquisitions and funding as they battle the world's biggest Internet shopping giant, Amazon, for supremacy in the hyper-competitive domestic market. Late last month, Flipkart, India's largest e-shopping portal, announced the takeover of rival Myntra in a deal analysts estimated at $330 million...
  • Chinese e-commerce giant Alibaba expected to file for US IPO next week April 16, 2014

    San Francisco: Alibaba Group Holding Ltd's revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus next week for its highly anticipated initial public offering. Alibaba is expected to file prospectus for the share sale as early...
  • Chinese e-commerce giant Alibaba invests $280 million in messaging app Tango March 20, 2014

    San Francisco: Tango, the mobile messaging app-maker, announced Wednesday it has raised $280 million in a new funding round led by Chinese e-commerce giant Alibaba Group Holding Ltd. By almost any measure, the investment amounted to a staggering sum for a mobile app developer. The deal, which came one month after...
  • Alibaba to set up mobile gaming platform in China January 12, 2014

    Beijing: E-commerce giant Alibaba Group Holding Ltd said it would set up a mobile gaming platform in China, venturing into a fast growing sector dominated by tech rival Tencent Holdings Ltd. Mobile gaming is hugely popular in China, home to the largest number of smartphone users in the world. In 2013,...
  • Yahoo's net revenue dips along with ad prices October 16, 2013

    San Francisco: Yahoo Inc's net revenue dipped slightly in the third quarter as prices for its display ads remained under pressure. Yahoo shares were up 16 cents at $33.54 in after market trading on Tuesday after initially rising more than 4 per cent. Yahoo also announced it would sell fewer shares than...
  • Alibaba buys stake in online shopping firm ShopRunner: Report August 18, 2013

    New York: Chinese e-commerce company Alibaba Group, which is preparing for an initial public offering in Hong Kong, has bought a minority stake in online shopping company ShopRunner, the Financial Times reported on Friday. The acquisition is part of a string of investments by Alibaba, the world's largest e-commerce group, as...
  • Yahoo's email service in China to close in August April 23, 2013

    San Francisco: Yahoo's email service in China will close this summer as part of an arrangement worked out with its partner in that country, Alibaba Group. The service is scheduled to close August 19. Yahoo is recommending users of its free email service in China transfer their accounts to another provider...
  • Alibaba names Jonathan Lu Zhaoxi as new CEO March 11, 2013

    Beijing: Chinese e-commerce giant Alibaba Group says its executive vice president has been named to succeed founder Jack Ma as chief executive. Alibaba said Monday that Jonathan Lu Zhaoxi, a 13-year veteran of the company, will take over in May as CEO. Ma, 48, is one of the world's most successful Internet...
  • Thilakan's unforgettable roles are remembered September 25, 2012

    Actor Thilakan, who passed away on September 24, might not have acted in too many Tamil films, but considering the impact he had on Tamil audiences, it's going to be quite a while before memories of the veteran actor will fade. Director Sundar C, who brought the thespian back to Tamil...
  • Google accuses Alibaba of copying Android OS September 18, 2012

    New Delhi: Google has stopped Acer from using Aliyun operating system developed by Alibaba, a Chinese search giant. According to Google, Acer is bound by the open handset alliance agreement. While Google says that it has no problems with anyone using Android source code and modifying it, the company only wants...
  • Acer cancels smartphone launch with Alibaba September 16, 2012

    Shanghai: A planned launch of a smartphone between Acer Inc and a unit of Alibaba Group, China's biggest e-commerce firm, was cancelled on Thursday due to what Alibaba said was pressure from Google Inc on the Taiwanese group. Acer and Alibaba's cloud computing unit had planned to launch the Acer CloudMobile...
  • Yahoo to sell half of its Alibaba stake for $7.1 bn May 21, 2012

    Hong Kong: Yahoo Inc. has agreed to sell half of its 40 per cent stake in Chinese e-commerce group Alibaba for about $7.1 billion, securing a financial lifeline for the struggling US Internet company. The deal, announced Sunday in the US, will see Alibaba Group buying back the stake from Yahoo...
  • 'Yahoo in talks to sell 15-25 pc of Alibaba' May 5, 2012

    San Francisco: Yahoo Inc could be weeks away from selling 15 to 25 per cent of Alibaba Group's stock back to China's largest e-commerce company, in a deal designed to eliminate complexities that had scuttled the parties' previous negotiations, a person familiar with the matter said. The two companies have been...
  • Yahoo shows signs of life, Alibaba in the cards again April 18, 2012

    San Francisco: Yahoo Inc reported an uptick in revenue that marked its first quarterly sales growth in three years, as new Chief Executive Scott Thompson outlined his plan to revamp the struggling Web company. Citing moves to shut down dozens of underperforming online properties, while making online commerce and mobile products...
  • Alibaba tests social shopping with Pinterest clone March 30, 2012

    Shanghai: It is a marriage made in heaven for shopping addicts. Social shopping, the merger of social networking and e-commerce which has hooked millions of users in the United States, has now captured the attention of China's Internet giant. Alibaba Group's social shopping platform Fa Xian (faxian.etao.com), launched on a testing...
  • Yahoo-Alibaba talks falling apart: sources February 15, 2012

    San Francisco: Talks between Yahoo Inc and China's Alibaba Group over the US Internet giant's Asian assets have hit an impasse, throwing their plans for a $17 billion tax-free asset swap into question, according to sources briefed on the situation. The snag in negotiations came on the same day that activist...
  • India number 2 supplier of flowers on V-day: Alibaba February 14, 2012

    Kolkata: This Valentine's Day India has emerged the second largest supplier of fresh cut flowers in the world, a study by e-commerce portal Alibaba.com said. With 18 per cent of the total buyer enquiries going to Indian SMEs (small and medium enterprises), India features as the...
  • Alibaba's wily Ma faces big Yahoo test February 10, 2012

    Shanghai: If anyone can pull off the labyrinthine deal between Alibaba Group and Yahoo Inc, it is Jack Ma, who founded the e-commerce group and within a decade unlocked China's huge online shopping potential. The former tour guide and English teacher, who is now worth around $1.6 billion according to Forbes...
  • Alibaba hires US lobbying firm as it eyes Yahoo December 29, 2011

    Washington: Alibaba Group has hired a Washington lobbying firm in a sign that the Chinese e-commerce company would be willing to make a bid for all of Yahoo Inc in the event that talks to unwind their Asian partnership fail. Japan's Softbank Corp, which owns a 30 per cent stake in...
  • 'Alibaba seeks Temasek backing to buy stake from Yahoo' October 10, 2011

    Bangalore: China's Alibaba Group Holding Ltd has talked with Temasek Holdings Pte about providing financing to buy the 40 per cent stake in itself held by Yahoo Inc, Bloomberg said, citing people familiar with the matter. Singapore's Temasek, a state-owned investment company, may help fund an offer in return for...
  • Alibaba's Ma: "very interested" in buying Yahoo October 1, 2011

    California: Alibaba founder and CEO Jack Ma is keen on buying Yahoo Inc if the opportunity presents itself and has held discussions with other potential buyers about options. Asked whether Alibaba might be keen on picking up the ailing Internet giant, Ma told the audience during a speech at Stanford...
  • Asian tech firms face stiff challenge in mobile systems September 27, 2011

    Shanghai: Mobile operating systems developed by Asia's top technology firms will at best only chip away market share from dominant leaders Google's Android and Apple's iOS. And such a scenario would only be possible if these companies, such as China's Baidu Inc and Alibaba Group are able to court enough...
  • Alibaba to release English mobile OS this month September 9, 2011

    Hangzhou: Alibaba Cloud Computing, a unit of Alibaba Group, will release an English version of its mobile operating system this month and launch its tablet in the next two months, a top company executive said on Friday. Wang Jian, Alibaba Group's chief architect and president of Alibaba Cloud Computing, told reporters...
  • Chinese site bans Web tools used to evade filters August 23, 2011

    Beijing: A major Chinese online commerce site has banned sales of software used to bypass Internet censorship amid Beijing's efforts to block the development of a Middle East-style protest movement. But Taobao.com, part of e-commerce giant Alibaba Group, said it took the action on its own and received no official order. A...
  • Yahoo gets short end of stick in Alibaba deal July 30, 2011

    New York: Yahoo Inc got short-changed - that's the view of analysts picking apart the complex deal it announced on Friday with Alibaba Group and SoftBank Corp over Chinese e-payments unit Alipay. The trio struck an agreement after months of wrangling over the lucrative asset, under which Alibaba gets up to...
  • Alibaba launches smartphone running its Cloud OS July 28, 2011

    Beijing: Alibaba Group launched its self-developed mobile operating system and a smartphone on Thursday in a bid to capture a slice of China's rapidly growing mobile Internet market. The smartphone, K-Touch Cloud Smartphone, will be launched in July and will use Alibaba's Cloud operating system, it said in a statement. Alibaba Group,...
  • PayPal to end partnership with Alibaba June 4, 2011

    Shanghai: eBay's online payment unit, PayPal, will end its year-old partnership with AliExpress, the wholesale website of Alibaba.com, from early August, PayPal said on Friday. "PayPal remains deeply committed to China by providing Chinese merchants access to a safer and easier way to sell to millions of our users all over...
  • Internet brings prosperity to Chinese farmers December 29, 2010

    Beijing: Farmers in China's remote villages are prospering with trading agricultural products through the world wide web using internet connectivity provided at various information centres in rural parts of the country. Information centres with internet have been set up in 2,362 villages in the autonomous region of Ningxia as part of...