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  1. New Alibaba.com chief to fight fraud after scam by fake traders

    Posted Feb 22nd 2011, 12:00am by Staff Reporter

    ... Bien Perez Thrust into the job of chief executive at Alibaba.com after scandal brought down two of the company's top officers, Jonathan Lu Zhaoxi yesterday vowed to fight fraud ... Lee Shi-huei. An internal investigation revealed that more than 2,000 fake suppliers had used Alibaba to defraud international buyers. Though not involved in the fraud, the pair resigned ...

  2. Partner or new competitor? Alibaba worries about Yahoo

    Posted Sep 11th 2010, 12:00am by Staff Reporter

    ... Bien Perez in Hangzhou Alibaba.com's chief executive says it may have to re-evaluate its relationship with Yahoo after its United States partner announced plans to expand on the mainland. Yahoo, which holds a 40 per cent stake in parent firm Alibaba Group, said on Monday that it planned to broaden its online advertising coverage to include mainland small and medium-sized ...

  3. Alibaba.com to buy 85pc stake in HiChina Web

    Posted Sep 29th 2009, 12:00am by Staff Reporter

    ... Bien Perez Mainland e-commerce giant Alibaba.com has agreed to buy a controlling stake in internet infrastructure service provider HiChina Web Solutions for 539.98 million yuan (HK$612.88 million) in cash, making it the company's single biggest investment since being listed in Hong Kong in 2007. It was also Alibaba.com's second strategic buy this year after securing a 208 ...

  4. Alibaba buys firm in bid to expand efforts in the US

    Posted Jun 26th 2010, 12:00am by Staff Reporter

    ... Bien Perez Alibaba.com, the world's largest business-to-business e-commerce provider, has agreed to buy US-based Vendio Services as part of its US$100 million investment plan ... corporate takeover outside the mainland for Alibaba.com, which is the flagship unit of Hangzhou-based internet conglomerate Alibaba Group. Financial terms were not disclosed. 'It is a good ...

  5. Alibaba to grow domestic investment as net rises 49pc

    Posted Mar 17th 2010, 12:00am by Staff Reporter

    ... Bien Perez Alibaba.com, which yesterday reported its first quarterly profit in more than a year, said it will focus its investments on the mainland to boost demand because it is still ... and grow,' said Alibaba.com chief executive David Wei Zhe. Alibaba.com, the flagship unit of internet entrepreneur Jack Ma Yun's Alibaba Group, connects small and medium-sized firms that have ...

  6. Doors still open for Alibaba as Tencent thrives

    Posted Mar 15th 2010, 12:00am by Staff Reporter

    ... Bien Perez With China as the world's third-largest economy and home to the biggest internet user population, major mainland online services firms Tencent Holdings and Alibaba ... 484 million active subscribers. Alibaba.com, the flagship company of Alibaba Group in Hangzhou, is the world's No1 business-to-business e-commerce services provider, with more than 45 ...

  7. Alibaba net falls as spending rises

    Posted Nov 11th 2009, 12:00am by Staff Reporter

    ... Bien Perez Internet firm Alibaba.com continues to eye a big expansion into the United States, despite posting another quarterly profit decline, owing to greater spending on marketing amid ... growth' from the last quarter of this year to the first quarter of the new year. Wei added, however, that Alibaba.com was looking 'to global signs of gathering momentum in the export sector ...

  8. Alibaba tests online platform for major push into US this year

    Posted Sep 12th 2009, 12:00am by Staff Reporter

    ... Bien Perez Mainland internet giant Alibaba Group will soon embark on full-scale operations in the United States. Its main subsidiary, Alibaba.com, is now testing an online platform ... Alibaba's announcement was made at the opening of the Asia-Pacific Economic Co-operation SME summit in the city yesterday. Alibaba, which controls e-commerce firm Alibaba.com, is marking its 10th ...

  9. China Eastern, Alibaba join forces to boost sales

    Posted Nov 25th 2009, 12:00am by Charlotte So

    ... Bien Perez and Charlotte So China Eastern Airlines Corp, one of the country's Big Three carriers, has formed a strategic alliance with e-commerce giant Alibaba Group to boost ticket sales online as its merger with Shanghai Airlines nears completion. The partnership, announced yesterday in Shanghai, will have Alibaba subsidiaries Taobao and Alipay, respectively, launch ...

  10. Alibaba profit drops 34pc but membership surges

    Posted Aug 14th 2009, 12:00am by Staff Reporter

    ... Bien Perez Internet firm Alibaba.com saw net profit slip in the second quarter, but its intense marketing efforts yielded a record haul of more than 500,000 new paying members that could ... of Alibaba.com up 7.58 per cent to close at a 15-month high of HK$19.88. Meanwhile, Tencent Holdings rose 4.33 per cent to HK$118 after hitting a record HK$122.70 in early trading on news of its solid ...




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