Alibaba expands in Southeast Asia with $1 billion deal

Alibaba expands in Southeast Asia with $1 billion deal

Chinese e-commerce giant Alibaba will acquire a controlling stake in leading Southeast Asian online shopping platform Lazada for $1.0 billion, it said Tuesday as Jack Ma’s company seeks to expand outside its home market.

Alibaba-backed courier YTO Express to list via $2.7 billion reverse merger

 Alibaba-backed YTO Express plans to go public via a 17.5 billion yuan ($2.7 billion) merger with a listed clothing maker, becoming the latest courier seeking capital market funds to stay competitive during China`s e-commerce boom.

Alibaba to unveil first internet car in April

Alibaba to unveil first internet car in April

Alibaba, China`s largest e-commerce company, is preparing to unveil its first internet-connected smart car in April, the People`s Daily reported on Tuesday.

Alibaba likely to surpass Walmart as world's top retailer

Alibaba likely to surpass Walmart as world's top retailer

An official announcement by Alibaba Group Holding Ltd expected to be made at the end of this fiscal year on March 31.

Alibaba planning to enter Indian e-commerce market this year

Alibaba planning to enter Indian e-commerce market this year

Chinese e-commerce major Alibaba Group is planning to enter India this year and is looking at opportunities to build the business organically or through other means

Alibaba to train one million rural e-commerce gurus

Alibaba reached an agreement on Tuesday with the China Communist Youth League, a CPC reserve force, to train one million teenagers to take e-commerce to rural areas.

 Alibaba plans stake in China business magazine: Reports

Alibaba plans stake in China business magazine: Reports

The publisher of one of China's most respected business magazines, Caixin, said today it was seeking new investors following reports e-commerce giant Alibaba plans to take a stake in the company as it looks to expand its media empire.

Hackers attack 20 mln accounts on Alibaba's Taobao shopping site

Hackers attack 20 mln accounts on Alibaba's Taobao shopping site

An Alibaba spokesman on Thursday said the company detected the attack in "the first instance", reminded users to change passwords, and worked closely with the police investigation.

China's Alibaba pays $266M for Hong Kong newspaper

China's Alibaba pays $266M for Hong Kong newspaper

The publisher of Hong Kong's South China Morning Post says China's Alibaba is buying the English-language newspaper for 2.06 billion Hong Kong dollars (USD 266 million).

Alibaba to pay $266 million for Hong Kong`s SCMP newspaper

Chinese Internet giant Alibaba will pay HK$2.06 billion (US$265.8 million) for Hong Kong`s South China Morning Post, the newspaper said in a statement to the city`s stock exchange.

Yahoo shelves plan to spin off Alibaba stake

Yahoo Inc said on Wednesday it had shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd, citing tax concerns, and will instead create a separate company to hold the rest of its assets.

World’s biggest online shopping day nets over $14 billion

World’s biggest online shopping day nets over $14 billion

E-commerce giant Alibaba said Thursday that Chinese and international consumers spent more than $14 billion in the world’s biggest online shopping day, as it sought to soothe worries over China’s slowing economy.

Chinese online sales breaks record on Singles Day

Chinese online sales breaks record on Singles Day

Alibaba recorded sales of 10 billion yuan (USD 1.57 billion) within 12 minutes and 28 seconds of midnight.

 

China's online retail sales to touch $1.6 trillion by 2020

The e-commerce sales will have penetration rate doubling from the 2014 level to 22 percent.

Alibaba shares could fall another 50%, says Barron's cover story

The reasons the weekly financial newspaper gave for the dour outlook: China`s struggling economy, increasing competition in e-commerce and more scrutiny of the company`s culture and governance.

Snapdeal raises $500 million from Alibaba, Foxconn and SoftBank

Snapdeal, which bills itself as India`s version of Alibaba, did not break out individual investments. EBay Inc  is selling part of its stake in a transaction which also involves fresh funding. 

Alibaba, Foxconn, SoftBank invest $500 mn in Snapdeal

India`s leading online marketplace Snapdeal on Tuesday announced raising $500-million (Rs.3,269 crore) capital in a fresh round of venture funding from Alibaba, Foxconn and SoftBank.

Snapdeal to raise $500 mn from Alibaba, SoftBank, Foxconn: Source

Online tech publication Re/code first reported the investment on Sunday citing multiple sources, saying the deal had already concluded.

Yahoo spinning off Alibaba stake to `Aabaco Holdings`

Yahoo spinning off Alibaba stake to `Aabaco Holdings`

Yahoo on Friday formally notified US regulators that it is spinning off its stake in Chinese e-commerce giant Alibaba to an independent new company called Aabaco Holdings.

Alibaba boosts Singapore Post stake, invest in e-commerce unit

SingPost is seeking to boost its e-commerce business to offset weak postal revenues, and last year an Alibaba unit bought an over 10 percent stake in SingPost for $249 million.