Alibaba Group

Alibaba is the world’s biggest e-commerce group. Founded by Jack Ma, it owns and its consumer-to-consumer business

Popular Chinese taxi-booking apps leave smartphone-free travellers out in the cold

Taxi drivers queue up at the taxi stand at the shopping area in Beijing. Photo: Robert Ng

While millions of internet-savvy Chinese mainlanders benefit from escalating competition between two rapidly-growing taxi mobile applications fighting for dominance in the market, those without smartphones have found hailing a taxi in the street more difficult than ever.

Thursday, 30 January, 2014, 3:46pm

Chinese internet giants transplant 'red envelopes' holiday tradition to mobile cyberspace

WeChat’s 600 million users around the world can now send and receive virtual “red envelopes”. Photo: Reuters

Could the Chinese tradition of giving red envelopes with cash inside as gifts go digital during this year’s Lunar New Year holiday? That is what the new feature on Tencent’s flagship messaging mobile application WeChat, a “red envelope" add-on which went viral this weekend, aims to do.

27 Jan 2014 - 6:21pm

Alibaba's Jack Ma is 'delirious,' says real estate tycoon

Real Estate Tycoon Ren Zhiqiang (center) and  Alibaba Group chairman Jack Ma Yun(right). Photo:

Alibaba Group chairman Jack Ma Yun’s outspoken approach has not always made him friends among China’s average citizens, or the elite.

In the latest controversy the 48-year-old internet guru has upset some of the nation’s wealthiest real estate tycoons by pledging to drive down the soaring price of housing with “the power of e-commerce”.

16 Nov 2013 - 3:00pm 1 comment

Jack Ma slams e-business owners who don’t pay tax as 'immoral'

Jack Ma spoke at Hong Kong University in 2008. Photo: Felix Wong

Alibaba Group chairman Jack Ma Yun stirred up a hornet's nest on Tuesday after it was reported he had accused tax-evading e-businesses of acting “immorally” in a TV interview.

16 Nov 2013 - 3:09pm

Alipay upgrades mobile application

Alipay is the dominant third-party payment platform but many other companies are keen to grab a piece of the action. Photo: Bloomberg

In a move to strengthen its position in China's vast and increasingly competitive e-commerce market, Alipay has upgraded its mobile application for smartphones to a version that allows users to pay for purchases even when they are not connected to the internet.

17 Oct 2013 - 4:06am

Yahoo to keep bigger stake than planned in Alibaba after IPO

Yahoo owns 24 per cent of Alibaba. Photo: Reuters

Yahoo said on Tuesday it would keep a larger stake in Alibaba Group than originally planned after the Chinese e-commerce giant goes public, hoping to profit from the company’s future growth.

Alibaba is expected to file for an estimated US$15 billion IPO next year, valuing the operator of retail, auction and content websites at more than US$100 billion.

16 Oct 2013 - 3:21pm

Alibaba wants counterfeiters to go out of fashion from its online platform

Alibaba wants counterfeiters to go out of fashion from Taobao. Photo: Bloomberg

Alibaba Group, the mainland's biggest e-commerce services provider, looks set to burnish its credentials with more foreign luxury brands after it forged an anti-counterfeiting pact with French fashion house Louis Vuitton Malletier.

16 Oct 2013 - 3:05am

Alibaba's quest to build a nationwide online retail network

Alibaba is accumulating data on millions of customers to help direct its resources. Photo: Reuters

Alibaba Group’s plans to revolutionise China’s retail industry, investing US$16 billion in logistics and support by 2020, will open up the country’s vast interior and bring access to hundreds of millions of potential new customers.

14 Oct 2013 - 3:32pm

Alibaba consortium buys US$200 million stake in US retail website

Alibaba plans a stock exchange listing soon, but not in Hong Kong. Photo: Reuters

Alibaba Group has led an investment round of about US$200 million in fledgling US retail website ShopRunner, a source with knowledge of the deal said.

It is one of the largest US investments made by the Chinese e-commerce giant, which is preparing to go public, possibly in the United States.

17 Oct 2013 - 4:32pm

Alibaba open to IPO concessions

Charles Li (second from right) celebrates the first anniversary of China Exchanges Services Co (CESC) with (from left) Secretary for Financial Services and the Treasury Chan Ka-keung, Chow Chung-kong from HKEx, Liaison Office's Sun Xiangyi and CESC's Fu Dewei. Photo: Nora Tam

Alibaba Group would cut the number of partners the firm has and bind them to a three-year share sale ban if Hong Kong regulators accept a controversial management structure that is blocking its potential HK$100 billion initial public offering, a source close to the listing authorities told the South China Morning Post.

25 Sep 2013 - 4:13am 1 comment

Alibaba’s Ma expands banking foray with China Minsheng tie-up

Alibaba, whose headquarters is located in Hangzhou, has accelerated its move into financial services to support businesses on its platforms. Photo: Reuters

Alibaba Group’s founder, Jack Ma, took another stab at shaking up China’s banking industry as the country’s largest e-commerce firm sealed a strategic pact with mid-sized lender China Minsheng Banking to offer financial services.

16 Sep 2013 - 7:12pm

Listings: Alibaba in setback, Spreadtrum bows

Alibaba is likely to move ahead with a plan to list in Hong Kong despite its failure to get a rule exemption it was seeking from the securities regulator. Photo: Reuters

There are some interesting news bits at opposite ends of the listing spectrum today, with word that e-commerce giant Alibaba has received a setback in its plans for a Hong Kong IPO, while chipmaker Spreadtrum (Nasdaq: SPRD) is on the cusp of de-listing from the Nasdaq.

8 Sep 2013 - 9:13am

More M&A with Alibaba-PPTV tie-up talk

More M&A with Alibaba-PPTV tie-up talk

Internet leaders Baidu (Nasdaq: BIDU) and Alibaba are in a recent war to see who can win the most headlines for online M&A, which has suddenly accelerated in China after years of inactivity.

16 Aug 2013 - 5:18pm

Magnetic boss, Alibaba jackpot rejuvenate Yahoo

Investors want Yahoo to confirm that it is still on track after years of drifting. Photo: EPA

Not much had been going right for Yahoo until it lured Marissa Mayer away from Google to become its chief executive last summer. The move is shaping up as the best thing to happen to Yahoo since 2005 when it invested US$1 billion (HK$7.76 billion) in what was then a little-known Internet company in China, Alibaba.

16 Jul 2013 - 1:14pm

Alibaba founder Jack Ma turns to pursuing cultural endeavours

Illustration: Henry Wong

"Commerce will only be a hobby," Ma, who stepped down as chief executive of the mainland's largest e-commerce company on May 10, told the South China Morning Post.

13 Jul 2013 - 9:11am