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Alibaba Holdings Group

11 Nov 2016

Alibaba's Singles' Day: Jack Ma's company rakes $1 billion in first five minutes

Gross merchandise volume, Alibaba's key measure of online sales, had overtaken last year’s total of 91.2 billion yuan ($13.4 billion) by 3:20 pm (0720 GMT), the firm said -- with more than $1 billion spent in the first five minutes.

05 May 2016

China e-commerce giant Alibaba`s quarterly revenue leaps 39%

Chinese e-commerce giant Alibaba`s revenue surged 39 percent year-on-year in the first three months of 2016, the company said Thursday, its fastest growth in the last four quarters.

Alibaba Holdings Group

18 Apr 2016

Alibaba financial affiliate valued at $60 billion: Reports

China`s top internet finance company, e-commerce giant Alibaba`s affiliate Ant Financial, could start the process of going public this year, reports said Monday, with the firm`s latest fundraising valuing it at $60 billion.

Alibaba Holdings Group

16 Feb 2016

Alibaba buys nearly 33 million shares of Groupon

Alibaba has bought nearly 33 million shares of online daily deal service Groupon.

07 Dec 2015

Alibaba.Com aims to more than double India user base

Alibaba group's B2B arm Alibaba.Com Monday said it aims to more than double its user base in India over the next few years through on-boarding of over 5 million businesses on its wholesale trading platform.

18 Oct 2015

Paytm eyes Rs 500 crore revenue from hotel bookings

Digital payments company Paytm has expanded its platform to allow customers to make hotel bookings and expects revenue of Rs 500 crore from the service over the next six months.

Alibaba Holdings Group

10 Aug 2015

China`s Alibaba to take $4.6 bn stake in retailer Suning

Chinese Internet giant Alibaba is to pay 28.3 billion yuan ($4.6 billion) for a nearly 20 percent stake in consumer electronics retailer Suning, the two companies said in a statement Monday.

Alibaba Holdings Group

25 Jun 2015

Alibaba Group launches Internet bank

Chinese e-commerce behemoth Alibaba on Thursday launched an Internet bank aimed at serving small businesses which often struggle to obtain credit from large banks.

10 Apr 2015

Paytm to spend Rs 500 cr on marketing this year

Mobile commerce platform Paytm Friday said it will spend Rs 500 crore on branding and marketing this year.

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