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  1. Business - Companies - E-COMMERCE

    Alibaba valuation approaches US$100 billion ahead of possible IPO

    Posted May 09th 2013, 12:00am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Alibaba valuation nears US$100 billion The value of Alibaba Group continues to be an object of speculation after profit at the mainland's biggest e-commerce company more than doubled in the quarter that ended December 31. Privately held Alibaba posted a net profit of US$642.17 million in the period, up from US$236.91 million a year earlier, ...

  2. Business - Banking & Finance - REGULATION

    PBOC halts plans by Tencent, Alibaba for virtual credit cards

    Posted Mar 14th 2014, 02:39pm by Victoria Ruan and Sophie Yu

    ... Victoria Ruan in Beijing and Sophie Yu Central bank 'temporarily' suspends mobile internet payment products from Tencent and Alibaba due to customer security concerns PBOC halt to virtual cards hits Tencent News that the People's Bank of China had halted plans by mainland internet giants Alibaba and Tencent to offer virtual credit cards sent Tencent shares tumbling ...

  3. Business - China Business - INTERNET

    Alibaba to sharpen business focus through restructuring

    Posted Jan 11th 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Alibaba to sharpen focus through restructuring Mainland e-commerce giant Alibaba is going in for a major restructuring by splitting the company into 25 units, ... Alibaba and Taobao, is trying to avoid the bureaucracy that large companies tend to develop, and to be more nimble. "These 25 units will be free-standing business units focused ...

  4. Business - China Business - E-COMMERCE

    E-commerce company Jingdong takes aim at Alibaba

    Posted Nov 27th 2013, 03:28pm by Reuters

    ... Reuters in Beijing Company says key to growth is use of its own storage and couriers to deliver goods Jingdong ready to take on Alibaba Courier Chen Honglei packs boxes of clothing, ... rivals Tmall and Taobao, the online marketplaces run by mega-firm Alibaba Group Holding, still depend on merchants and external courier firms for their logistics. "We work until everything ...

  5. Business - Companies - E-COMMERCE

    Alibaba to build 100 billion yuan logistics network

    Posted Jan 26th 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Online retailer's network intended to deliver parcels anywhere on mainland within 24 hours Alibaba to build 100 billion yuan logistics network Alibaba ... in the first phase of a logistics network. Jack Ma Yun, who announced last week that he will step down as Alibaba's chief executive in May, will be chairman of the logistics venture. The plan ...

  6. Business - Companies - E-COMMERCE

    China e-commerce giant Alibaba set for huge IPO

    Posted May 09th 2013, 02:28pm by AFP

    ... Agence France-Presse in Shanghai As Alibaba chief Jack Ma steps aside after building the world’s largest online retailer, the Chinese firm is preparing a huge stock offer prompting comparisons with Facebook – whose profits it dwarfs. In 14 years, Alibaba has grown from a start-up in the eastern city of Hangzhou to an internet commerce giant which bested eBay in a public battle ...

  7. Business - Companies - INTERNET

    Alibaba founder Jack Ma to focus on mentoring

    Posted Feb 18th 2013, 12:00am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Jack Ma Yun aims to mould the young staff at the mainland e-commerce giant into world-class leaders as the firm restructures Alibaba founder to focus ... Alibaba Group on May 10. That came a few days after Alibaba, which Ma founded in 1999, announced a sweeping restructuring that will divide the group into 25 business units under the direction ...

  8. Business - Companies - E-COMMERCE

    Microsoft opens flagship China online store on Alibaba's Tmall.com

    Posted Mar 20th 2013, 12:00am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Microsoft plants a flag on Tmall.com The American giant Microsoft is sharpening its focus on e-commerce in China, with the opening yesterday of its flagship mainland online store on Alibaba Group's Tmall.com Microsoft, the world's largest software company, has expanded its product offering to include its own Surface media tablet ...

  9. Business - China Business - E-COMMERCE

    Alibaba keeps focus on China despite the economic slowdown

    Posted Sep 10th 2012, 12:00am by Sophie Yu

    ... Sophie Yu in Hangzhou sophie.yu@scmp.com Alibaba keeps focus on China despite slowdown Mainland e-commerce giant Alibaba Group said China would remain its focus for the next three years ... more than both of them combined." Zeng gave no breakdown detailing Alibaba's domestic versus overseas revenues, but said the group's main focus would be China. Many other ...

  10. Business - China Business - INTERNET

    Alibaba takes bold steps on overhaul

    Posted Jan 17th 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Latest restructuring moves by e-commerce giant are just the first steps to revamp the company as it prepares for a listing Alibaba takes bold steps on overhaul Mainland e-commerce giant Alibaba's restructuring moves in the past days are only the first steps towards an overhaul of the company in preparation for the group's listing, say analysts. ...




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