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