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Alibaba

Alibaba founder Jack Ma steps out from shadows with long internal post

Alibaba founder Jack Ma steps out from shadows with long internal post

Wed, Apr 10, 2024

The post, made in an internal company forum, comes one year after Alibaba announced its decision to split into six units - the biggest shake-up in its 25-year history.

Alibaba scraps planned IPO of Cainiao logistics unit as it doubles down on e-commerce

Alibaba scraps planned IPO of Cainiao logistics unit as it doubles down on e-commerce

Tue, Mar 26, 2024

Alibaba currently holds a stake of 64 per cent in the logistics unit, and the buyout offer will allow minority shareholders to sell their shares to Alibaba.

Alibaba's former CEO Daniel Zhang to join Firstred Capital as managing partner

Alibaba's former CEO Daniel Zhang to join Firstred Capital as managing partner

Thu, Mar 21, 2024

Alibaba did not immediately respond to a request for comment on Zhang's appointment at Firstred and the technology fund.

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Alibaba prices 5-tranche $7 billion dollar bond amid strong demand

Alibaba prices 5-tranche $7 billion dollar bond amid strong demand

Thu, Nov 30, 2017

Chinese internet giant Alibaba Group Holding Ltd has priced a $7 billion multi-tranche bond issue after a blowout response allowed the borrower to tighten pricing across all maturities, according to a term sheet seen by Reuters.

Alibaba goes offline with $2.9 billion stake in China's top grocer

Alibaba goes offline with $2.9 billion stake in China's top grocer

Mon, Nov 20, 2017

Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China`s top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail.

Alibaba's "Singles'' Day fest sale hits $25 billion

Alibaba's "Singles'' Day fest sale hits $25 billion

Sun, Nov 12, 2017

The company sold $25.38 billion (168.2 billion Chinese Yuan) worth of goods within 24 hours of its annual sales event, registering about 39% growth over its previous year`s sales of $18 billion during the one-day event in 2016.

Alibaba kicks off global shopping fest in China

Alibaba kicks off global shopping fest in China

Sat, Nov 11, 2017

Held on China`s Singles` Day, which falls on November 11, Alibaba Group Holding Limited`s shopping extravaganza is among the largest shopping events in the world.

BookMyShow: Is Flipkart looking to take on Paytm in online ticketing space?

BookMyShow: Is Flipkart looking to take on Paytm in online ticketing space?

Mon, Oct 16, 2017

With competition gearing up in the online ticketing space especially from Paytm, BookMyShow is looking for investment from Flipkart in order to give it space to grow.

Digital Payments: Paytm's biggest contender will be WhatsApp or Amazon?

Digital Payments: Paytm's biggest contender will be WhatsApp or Amazon?

Tue, Jun 13, 2017

WhatsApp with its integration with UPI and Amazon Pay could become the biggest contendors for Paytm in the digital payment space in India.

Tata Communications joins Alibaba Cloud to empower enterprises

Tata Communications joins Alibaba Cloud to empower enterprises

Sat, Jun 10, 2017

Tata Communications on Saturday announced a partnership with Alibaba Cloud to enable customers from over 150 countries, including India, connect to Alibaba Cloud`s "ExpressConnect" via Tata Communications' "IZO Private Connect" service.

Paytm receives $1.4 billion investment from SoftBank in latest funding round

Paytm receives $1.4 billion investment from SoftBank in latest funding round

Thu, May 18, 2017

Paytm plans to use the investment to grow its payments ecosystem in India and expand its user base.

How Snapdeal's downfall is Paytm's gain with FreeCharge

How Snapdeal's downfall is Paytm's gain with FreeCharge

Thu, May 11, 2017

While there had been speculation earlier that Paytm was looking to buy Freecharge, this latest development puts all rumours to rest.

Snap surges after IPO banks give flurry of ''buy'' ratings

Snap surges after IPO banks give flurry of ''buy'' ratings

Tue, Mar 28, 2017

TD Ameritrade said Snap accounted for 7% of trading volume on its online platform during its first day of trading. As of last Thursday, almost half of its retail customers who bought the stock in the IPO have since sold their shares.

Alibaba acquires online ticketing platform Damai

Alibaba acquires online ticketing platform Damai

Tue, Mar 21, 2017

China's Alibaba Group Holding has fully acquired online ticketing platform Damai.cn which has marked a further push into entertainment by the firm as it expands beyond its core online retail business.

State-backed rivals force India's e-payment firms like Paytm, MobiKwik, FreeCharge, others to step up

State-backed rivals force India's e-payment firms like Paytm, MobiKwik, FreeCharge, others to step up

Fri, Mar 10, 2017

India's state sponsored e-payment services have forced mobile wallet companies like Paytm, MobiKwik, Freecharge others to step up their services to gather more customers.

Paytm withdraws 2% fee for adding money to mobile wallets using credit cards

Paytm withdraws 2% fee for adding money to mobile wallets using credit cards

Fri, Mar 10, 2017

Mobile payment company Paytm on Friday announced withdrawal of 2% fee charged on adding money to mobile wallets via credit cards.

Alibaba, SAIF to invest $200 million in Paytm's e-marketplace

Alibaba, SAIF to invest $200 million in Paytm's e-marketplace

Thu, Mar 02, 2017

Chinese e-commerce major Alibaba, along with investment firm SAIF Partners, will pump in USD 200 million in Paytm's online marketplace unit.

Freecharge CEO Govind Rajan resigns a year after working in Snapdeal subsidiary

Freecharge CEO Govind Rajan resigns a year after working in Snapdeal subsidiary

Wed, Feb 22, 2017

The resignation comes after news of Snapdeal facing problems with raising their next round of funding.

Reliance Capital plans to sell 1% stake in Paytm for $50-60 million

Reliance Capital plans to sell 1% stake in Paytm for $50-60 million

Fri, Feb 17, 2017

Reliance Capital is planning to raise $50-60 million by selling its 1% share in One97 Communications, the parent company of Paytm.

Alibaba's payment affiliate Ant Financial planning to raise $2 to $3 billion in debt: Source

Alibaba's payment affiliate Ant Financial planning to raise $2 to $3 billion in debt: Source

Thu, Feb 09, 2017

According to a source, Alibaba's payment affiliate Ant Financial Services Group is planning to raise funds of about $2 to $3 billion in debt to finance its acquisition of MoneyGram International Inc.

Alibaba to officially enter India by funding Rs 1700 crore in Paytm

Alibaba to officially enter India by funding Rs 1700 crore in Paytm

Fri, Feb 03, 2017

An official announcement on the deal is likely to be made in coming weeks.

India Post Payments Bank starts pilot services in Raipur & Ranchi

India Post Payments Bank starts pilot services in Raipur & Ranchi

Mon, Jan 30, 2017

India Post has started operations of its payments bank on Monday on pilot basis in Raipur and Ranchi.

India Post gets payments bank licence to start services

India Post gets payments bank licence to start services

Sat, Jan 28, 2017

India Post has received payments bank licence from the Reserve Bank of India to start rollout of banking operations commercially under the permit.

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