Alibaba

JD.com, Thai retailer Central Group form $500 million e-commerce JV

JD.com, Thai retailer Central Group form $500 million e-commerce JV

Each company will contribute $250 million to the venture.

Sep 15, 2017, 12:03 PM IST
BRICS account for 47% of global online retail sales

BRICS account for 47% of global online retail sales

BRICS countries account for 47 percent of the global online retail sales surpassing $876 billion in 2016, a new study revealed on Thursday.

Aug 31, 2017, 10:53 AM IST

Paytm Mall eyes $4 billion GMV run-rate this fiscal

Paytm Mall, which was spun off as a separate app in April this year, expects the growth to be driven by strong demand in categories like electronics, appliances, FMCG and fashion.

Aug 29, 2017, 18:03 PM IST
Alibaba's UC Browser under govt scanner over data leaks

Alibaba's UC Browser under govt scanner over data leaks

UC Browser has last year claimed that it has over 100 million monthly active users in India and Indonesia.

Aug 22, 2017, 18:28 PM IST
'Snapdeal 2.0' could leave company with 500-600 staffers

'Snapdeal 2.0' could leave company with 500-600 staffers

Snapdeal will trim its operations and over the next 2-3 months, the workforce could be pared to about 500-600 people, two people familiar with the company's plans said.

Aug 02, 2017, 20:14 PM IST

Singapore slings? Taking on Alibaba, Amazon launches Prime Now in the city state

Amazon has yet to detail its plans for the wider region and a spokeswoman declined to comment. 

Jul 29, 2017, 16:53 PM IST
Xiaomi gains new $1 billion loan to drive retail push, expansion overseas

Xiaomi gains new $1 billion loan to drive retail push, expansion overseas

It follows a three-year $1 billion syndicated loan in 2014.

Jul 28, 2017, 10:47 AM IST

Apple offers discounts to promote Apple Pay in China

The US-based Apple launched a campaign in China this week to promote its mobile payment platform and break the current duopoly of tech giants Tencent and Alibaba.

Jul 19, 2017, 18:40 PM IST
Alibaba Cloud to open first data centre in India

Alibaba Cloud to open first data centre in India

The data centre will be set up in Mumbai by March 31, 2018, the group said, adding that another one will come up in Jakarta.

Jun 10, 2017, 20:53 PM IST
Alibaba Mobile Business appoints Young Li as Head of International Business

Alibaba Mobile Business appoints Young Li as Head of International Business

Alibaba Mobile Business Group on Thursday announced appointment of Young Li as Head of International Business Department.

May 25, 2017, 13:55 PM IST
SoftBank opens up wallet for Paytm; infuses Rs 9,000 crore

SoftBank opens up wallet for Paytm; infuses Rs 9,000 crore

Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs 9,079 crore) in Indian digital payments platform, Paytm, marking the largest fund infusion by a single investor in an Indian start-up.

May 18, 2017, 19:36 PM IST
Paytm sells over 30 kgs of 'Digital Gold'

Paytm sells over 30 kgs of 'Digital Gold'

Alibaba-backed Paytm on Tuesday said it has sold over 30 kgs of 'digital gold' in six days of launching the service in partnership with gold refiner, MMTC- PAMP.

May 02, 2017, 21:43 PM IST
Snapdeal to dole out up to 15% pay hike amid sell-off buzz

Snapdeal to dole out up to 15% pay hike amid sell-off buzz

E-commerce major Snapdeal will shell out an average pay hike of 12-15 percent as it looks to assure employees amid the online marketplace scouting for a potential buyer.

Apr 12, 2017, 18:45 PM IST
Social media backlash compels Paytm roll back top-up charges

Social media backlash compels Paytm roll back top-up charges

China's Alibaba-backed Paytm on Friday cited the outcry on social media as a reason for rolling back 2 per cent charge that it levied on money loaded in the wallet using credit cards.

Mar 10, 2017, 18:44 PM IST
 Alibaba launches India-specific content platform

Alibaba launches India-specific content platform

Chinese e-commerce giant Alibaba on Wednesday announced the launch of an India-specific content platform -- We-Media Reward Plan 2 -- with an initial investment of Rs 5 crore, as part of its plan to invest Rs 200 crore over the next two years to drive content distribution in the country.

Mar 08, 2017, 20:15 PM IST
Alibaba partners with state-owned retail conglomerate group

Alibaba partners with state-owned retail conglomerate group

Alibaba and a Shanghai-based state-owned retail conglomerate today announced a rare private-public strategic alliance to push forward partnership for creating a new shopping scenario.

Feb 20, 2017, 16:41 PM IST
Alibaba's Ant Financial planning to raise $2-$3 billion in debt

Alibaba's Ant Financial planning to raise $2-$3 billion in debt

Ant Financial Services Group, the payment affiliate of Chinese e-commerce giant Alibaba Group Holding Ltd, is in talks with banks to raise $2 billion to $3 billion in debt.

Feb 09, 2017, 12:44 PM IST
Alibaba to provide free Internet in India?

Alibaba to provide free Internet in India?

Alibaba is in talks with telecom operators and Wi-Fi providers to offer free Internet services

Feb 08, 2017, 10:01 AM IST
Alibaba to hold 40% stake in Paytm's new e-commerce biz

Alibaba to hold 40% stake in Paytm's new e-commerce biz

The shareholding is through Alibaba.com Singapore and AliPay Singapore.

Feb 03, 2017, 11:29 AM IST
 Alibaba becomes worldwide Olympic partner through 2028

Alibaba becomes worldwide Olympic partner through 2028

Chinese online giant Alibaba on Thiursday became the worldwide Olympic partner through 2028 after signing the first long-term partnership with International Olympic Committee.

Jan 19, 2017, 19:25 PM IST