ALIBABA

  • Alibaba partners China Telecom to sell cheap smartphones Yesterday

    Shanghai: Chinese e-commerce leader Alibaba Group Holding Ltd and state-owned China Telecom Corp Ltd have tied up to sell inexpensive smartphones aimed at boosting mobile commerce in smaller cities and rural areas. The phones, dubbed 'Tianyi Taobao Shopping Handsets', will come installed with either an app for easy access to Alibaba's...
  • Alibaba slapped a fine of $129,000 for violating prices on promotion days 1 week ago

    Shanghai: China's e-commerce giant, Alibaba Group, has been fined $129,000 by the price bureau in eastern Zhejiang province for violations by third-party sellers during promotions on its e-commerce platforms. Since Alibaba turned 'Singles' Day', a November 11 Chinese response to Valentine's Day, into an online shopping festival in 2009, the...
  • Alibaba may scrap plans to invest in Snapdeal: Report March 18, 2015

    Bengaluru: Alibaba Group Holdings Ltd may scrap plans to invest in Indian online marketplace Snapdeal, technology website Recode reported, citing a person who was familiar with the matter. Last week, a person informed about the deal had told Reuters that Alibaba was in talks with Snapdeal over a potential cash investment...
  • Chinese automaker SAIC Motor, Alibaba to invest $160 million in Internet-connected cars March 13, 2015

    Beijing: Chinese auto maker SAIC Motor Corp Ltd said on Thursday it would join forces with e-commerce giant Alibaba Group Holding Ltd to invest $160 million in a fund to develop Internet-connected cars. The pair will establish a joint venture and aim to launch their first car in 2016, SAIC said...
  • Alibaba to invest $200 million in photo-messaging app Snapchat: Source March 13, 2015

    Bloomberg: Alibaba Group Holding Ltd is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services. The investment values the company at around $15 billion, according to Bloomberg, citing people familiar with...
  • Alibaba hiring in Amazon, Microsoft backyard as it ramps up cloud unit operations in US March 13, 2015

    Beijing: China's Alibaba Group Holding Ltd, the world's largest e-commerce firm, has begun hunting staff in Seattle, home turf of Amazon.com and Microsoft Corp, focusing on savvy cloud computing hires as it ramps up U.S. operations. Three positions were open to people in Seattle, two of which also allow applications for...
  • Indian firms could get a boost with FDI by Google, Alibaba March 12, 2015

    Mumbai: Two Indian firms could get a boost from tech majors in what might turn out to be the first direct investment in the country by Google Inc and Alibaba. Chinese e-commerce giant Alibaba is in talks with Indian online marketplace Snapdeal over a potential cash investment, a person familiar with...
  • Chinese e-commerce giant Alibaba in funding talks with Snapdeal: Source March 11, 2015

    Mumbai: Alibaba is in talks with Indian online marketplace Snapdeal over a potential cash investment, a source familiar with the negotiations said, in what would be the Chinese e-commerce giant's first direct investment in India. Snapdeal competes in India with bigger rivals Flipkart.com and Amazon.com, and media reports have said it...
  • Alibaba launches first cloud data center in the US market March 4, 2015

    Hangzhou: Alibaba Group Holding Ltd is launching a cloud computing hub in Silicon Valley on Wednesday, the e-commerce giant's first outside of China, underscoring its global ambitions in the face of stiff and entrenched competition. The new California data center marks the Chinese company's latest measured expansion onto American soil, and...
  • Alibaba's online payment firm Ant Financial looking at a domestic IPO in 2017: Report February 27, 2015

    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...