ALIBABA

  • Alibaba's online payment firm Ant Financial looking at a domestic IPO in 2017: Report 2 days ago

    Shanghai: Ant Financial Services Group, Alibaba's affiliate which runs online payment platform Alipay, is seeking to raise up to $4 billion in a private placement of shares and is looking at a domestic IPO in 2017, the state-run Shanghai Securities News reported. Alipay, China's most widely used online payment platform, is...
  • Alibaba CEO Jack Ma unhappy with the company's performance in 2014, says staff will not receive traditional Chinese New Year gifts February 14, 2015

    Beijing: Internet tycoon Jack Ma has said his employees will not receive traditional Chinese New Year gifts because 2014 had not been "exceptional" for the company, despite its world-beating IPO listing on Wall Street. Chinese bosses ordinarily hand out "hong bao" -- red envelopes filled with cash -- to staff ahead...
  • Chinese e-commerce giant Alibaba deploys drones to deliver tea in China February 5, 2015

    Shanghai: Echoing US online retailer Amazon, Chinese e-commerce giant Alibaba on Wednesday tested a drone delivery service, promising to whisk ginger tea to customers within an hour despite close controls on airspace. Alibaba's flagship consumer-to-consumer platform Taobao, estimated to hold more than 90 per cent of the Chinese market, showed off...
  • Alibaba's Jack Ma dethroned as China's richest man by Li Hejun, a solar energy entrepreneur: Report February 4, 2015

    Beijing: Alibaba Group Holding Ltd's Jack Ma is no longer China's richest man, according to a report on Tuesday, with the top spot snatched by Li Hejun, a solar energy entrepreneur whose Hanergy Holding Group Ltd has come under fire for its intragroup dealings. E-commerce tycoon Ma and his family slipped...
  • Alibaba claims to have spent $161 million fighting fakes since 2013 December 23, 2014

    Beijing: China's Alibaba Group Holding Ltd, the world's largest e-commerce company, spent over 1 billion yuan ($160.7 million) combating fake goods and for improving customer protection from the beginning of 2013 to the end of November, the firm said Tuesday. "From Alibaba Group's perspective, we bear a serious responsibility in this...
  • Alibaba founder Jack Ma richest Asian: Survey December 13, 2014

    Beijing: Jack Ma, the founder of China's biggest e-commerce company Alibaba, has been ranked as Asia's richest person by a Bloomberg survey published on Friday. According to the Bloomberg Billionaires Index, the 50-year-old Ma, with a net worth of $28.6 billion, surpassed Li Ka-shing, the Hong Kong property and ports tycoon,...
  • Watch: E-commerce giant Alibaba's founder Jack Ma gives thumbs up to PM Modi's vision November 27, 2014

    China's richest man and e-commerce giant Alibaba's founder founder gave a big thumbs up to Prime Minister Narendra Modi's vision. Jack Ma wants to invest more in India and help technology entrepreneurs in the country. He said, "I have heard the Prime Minister's speech and it is very passionate and...
  • Alibaba to invest more in India, help start-ups, says founder Jack Ma November 26, 2014

    New Delhi: Alibaba founder Jack Ma, China's wealthiest man, on Wednesday said he is keen to invest more funds in India and will work with Indian technology entrepreneurs as he believes Internet can transform the country's future. On his first visit to India, the founder of world's biggest e-Commerce firm...
  • Alibaba open to working with PayPal: Report November 12, 2014

    Bangalore: Alibaba Group Holding Ltd is open to working with eBay's PayPal to expand its payment options, Bloomberg reported, citing an interview with the Chinese e-commerce company's vice chairman. "If you look at our footprint of being the largest online payment company in China, and PayPal's position of having a very...
  • Alibaba's Jack Ma says open to working with Apple on mobile payments October 28, 2014

    Laguna Beach: Alibaba Group Holdings Ltd executive chairman Jack Ma said he's open to working with Apple on mobile payments, as China's richest person prepares to call on Hollywood this week in search of media partners. Alibaba affiliate Alipay is China's largest payments service, while Apple just this month debuted its...
  • Yahoo set to outline cost-cutting efforts: Report October 20, 2014

    Bangalore: Yahoo is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefed on the plan. Yahoo is considering acquiring one or more large technology...
  • Alibaba founder Jack Ma becomes China's richest man September 23, 2014

    Beijing: Riding the crest of the world's biggest IPO, Jack Ma, founder of e-commerce giant Alibaba, has become the richest man in China with a fortune of US dollar 24.4 billion, according to an annual list of the country's wealthiest people on Tuesday. Ma, 50, took top spot in the annual...
  • Alibaba beats Facebook by raising close to $22 billion September 20, 2014

    Chinese ecommerce giant Alibaba beats Facebook by raising close to 22 billion dollars in the largest IPO ever. He won the young entrepreneur away from the world economic forum in 2005. ...
  • Alibaba Mega IPO Caps founder Jack Ma success tale September 20, 2014

    Hong Kong: When Jack Ma founded Alibaba 15 years ago he insisted the ecommerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was still a corporate backwater has been vindicated this week by Alibaba completing a mammoth...
  • Alibaba jumps more than 40 pc in trading debut on NYSE September 19, 2014

    Alibaba Group Holding Ltd's shares surged by more than 40 percent in their first day of trading on Friday as investors jumped in to buy what looks likely to be the largest IPO in history. More than two hours after trading began at the New York Stock Exchange, the stock opened...
  • Alibaba IPO prices at top of range, raising $21.8 billion September 19, 2014

    Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese ecommerce juggernaut. At that price, the IPO, one of the largestever, would give Alibaba a market...
  • Alibaba secures its place in history as largest USlisted IPO of all time September 19, 2014

    Chinese ecommerce giant Alibaba has secured its place in history as the largest USlisted initial public offering (IPO) of all time. The IPO has raised up to $22 billion, setting an all time record. The stocks are priced at $68 per share, signaling strong demand. Alibaba, which was founded by...
  • Chinese ecommerce giant Alibaba in talks with Snapdeal to enter India: Report September 18, 2014

    Mumbai: Chinese ecommerce giant Alibaba is in talks with online retailer Snapdeal to enter India, the Economic Times reported on Thursday, citing two people aware of the development. Alibaba, whose shares are set to debut on the US market on Friday in what could be the world's largest ever initial public...
  • Simon Xie: Meet Jack Ma's unassuming lieutenant at Alibaba September 15, 2014

    Beijing: Inside Alibaba, where cofounders are revered like rock stars, relatively few employees know about the softspoken executive who for years kept his same cramped office, unfashionable clothes and the selfeffacing demeanor of a metalworker's son. But for investors in Alibaba Group Holding Ltd's potentially record initial public offering, Simon Xie,...
  • Alibaba aims to launch share sale in early September: Source August 31, 2014

    Hong Kong: Chinese ecommerce company Alibaba Group Holding Ltd is planning to launch its New York stock market debut in the week of September 8, a person briefed on the matter told Reuters on Saturday. The muchanticipated sale or initial public offering (IPO) could raise more than $20 billion, making it...
  • 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 archrivals Tencent and Baidu. Alibaba's purchase of the onethird 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 ecommerce company Alibaba Group Holding Ltd is launching its first US directtoconsumer online shop on Wednesday, the Financial Times and other media reported. The website will operate as a marketplace similar to Alibaba's Chinabased 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 hypercompetitive domestic market. Late last month, Flipkart, India's largest eshopping 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: Ecommerce 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 ecommerce 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 ecommerce 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...