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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.

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.

 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.

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.

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.

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

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.

 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.

Alibaba to buy mall operator Intime in $2.6 bn plan

Alibaba to buy mall operator Intime in $2.6 bn plan

Chinese e-commerce titan Alibaba will take control of domestic department store Intime through a $2.6 billion privatisation scheme, the companies said Tuesday, sending shares of the mall operator surging.

Alibaba paid $3.41 bn in taxes, created 30 mn jobs in 2016

Alibaba paid $3.41 bn in taxes, created 30 mn jobs in 2016

China's e-commerce giant Alibaba said it paid a total of USD 3.41 billion in taxes in 2016 and created 30 million jobs.

We are 'India story' in every sense as Maruti: Paytm founder on Chinese ownership

We are 'India story' in every sense as Maruti: Paytm founder on Chinese ownership

Facing criticism over significant Chinese ownership, Paytm Founder and Chief Executive Vijay Shekhar Sharma has asserted that the payments and e-commerce platform is "as Indian as Maruti" and prides itself on being a representative of the "India story".

Alibaba, Tencent back Chinese cyber law after facing overseas criticism from overseas tech rivals

China`s Alibaba Group Holding Ltd and Tencent Holdings Ltd rallied behind Beijing`s recently-imposed cyber security law on Thursday, following criticism of it from overseas technology rivals.

India new active zone for Chinese IT investors after US: Chinese media

India has become an "action zone" for China's big-time investors like e-commerce giant Alibaba as its market attracted second highest Chinese funding in IT products next to the US, state media reported today.

Indonesia asks Alibaba's Jack Ma to advise its e-commerce development

Indonesia asks Alibaba's Jack Ma to advise its e-commerce development

JAKARTA/BEIJING - Indonesia has asked the chairman of China`s Alibaba Group Holding Ltd, Jack Ma, to act as adviser in the development of the Southeast Asian country`s nascent e-commerce industry, according to a video released by the government.

Samsung, Tencent surge in race to become Asia's most valuable firm

Samsung, Tencent surge in race to become Asia's most valuable firm

Tencent Holdings Ltd and Samsung Electronics Co Ltd are racing to be crowned Asia`s most valuable company as expectations for robust earnings growth push their share prices to record highs.

China to launch world's first quantum hack-proof satellite

China to launch world's first quantum hack-proof satellite

China is set to launch the world's first quantum communication satellite which boasts of hack-proof ultra high security features to prevent wiretapping and intercepts.

Didi's Cheng Wei: Chinese patriot who tamed Uber

Didi's Cheng Wei: Chinese patriot who tamed Uber

Cheng Wei, 34, was once assistant to the head of a foot massage firm. Last week, his company Didi Chuxing bagged Uber`s China business in a deal valuing his ride-hailing start-up at $35 billion - a second success in as many years in a gruelling battle with a rival.

US stocks surge to records as retail, oil shares gain

Alibaba, which trades in New York, jumped 5 percent.
 

Alibaba says it is not making an investment in Netflix

Alibaba Group Holding Inc is not making an investment in Netflix Inc.

China's Alibaba puts internet in cars, plans to take drivers out

China's Alibaba puts internet in cars, plans to take drivers out

Among major tech companies, Alibaba is relatively late to offer a platform that can link a smart phone to a car, trailing platforms already launched by Alphabet`s Google, Apple and Baidu.