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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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China's Alibaba quarterly revenue surges 54% to $7.7 billion

China's Alibaba quarterly revenue surges 54% to $7.7 billion

Tue, Jan 24, 2017

Chinese e-commerce giant Alibaba said on Tuesday its revenues leapt 54% year-on-year for the quarter ended in December, spurred by rapid growth in Chinese online shopping.

UCWeb to serve as Alibaba's e-commerce media platform in India

UCWeb to serve as Alibaba's e-commerce media platform in India

Mon, Jan 23, 2017

Vying to be an alternative of Google and Facebook, Alibaba Mobile business unit UCWeb is banking on its content recommendation strategy besides pushing group's ecommerce and digital entertainment business in India.

Yahoo to be renamed Altaba; chief Marissa Mayer to leave company board

Yahoo to be renamed Altaba; chief Marissa Mayer to leave company board

Tue, Jan 10, 2017

Yahoo confirmed on Monday that chief executive Marissa Mayer will quit the company`s board after its merger with Verizon.

Paid $3.41 billion in taxes, created 30 million jobs in 2016: Alibaba

Paid $3.41 billion in taxes, created 30 million jobs in 2016: Alibaba

Wed, Jan 04, 2017

Alibaba and its financial branch paid a total of 23.8 billion yuan in taxes in 2016.

Chinese spend billions on Singles' Day

Chinese spend billions on Singles' Day

Fri, Nov 11, 2016

Chinese shoppers spent more than $1 billion in the first five minutes of Singles Day on Friday, e-commerce giant Alibaba said in the world`s biggest online shopping promotion. Singles' Day -- named for the repeated digit 1 in the date November 11 -- was created by Alibaba in 2009.

Goldman Sachs APAC chairman Mark Schwartz joins Paytm board

Goldman Sachs APAC chairman Mark Schwartz joins Paytm board

Mon, Oct 24, 2016

Paytm announced on Monday that it has appointed Goldman Sachs Asia-Pacific (APAC) chairman Mark Schwartz to the company's board.

Saudi Arabia, SoftBank aim to be world's No 1 tech investor with $100 billion fund

Saudi Arabia, SoftBank aim to be world's No 1 tech investor with $100 billion fund

Sat, Oct 15, 2016

Saudi Arabia and Japan's SoftBank Group will create a technology investment fund that could grow as large as $100 billion, making it one of the world's largest private equity investors and a potential kingpin in the industry.

Verizon says massive Yahoo hack could impact $4.8 billion deal

Verizon says massive Yahoo hack could impact $4.8 billion deal

Fri, Oct 14, 2016

Verizon said on Thursday the massive breach affecting 500 million Yahoo customers could have a "material" effect on the $4.8 billion (nearly Rs 31,933.2 crore) deal to acquire key assets of the Internet group.

Jack Ma's Alibaba acquires stake in Steven Spielberg firm

Jack Ma's Alibaba acquires stake in Steven Spielberg firm

Mon, Oct 10, 2016

Alibaba Pictures, a unit of Ma's sprawling e-commerce conglomerate, has taken a minority shareholding in Spielberg's Amblin Partners, a film creation company that includes DreamWorks studios.

India's FinTech companies get Rs 2,255 crore investments so far in 2016

India's FinTech companies get Rs 2,255 crore investments so far in 2016

Thu, Aug 25, 2016

There have been 192 deals in Asia-Pacific so far this year, as compared with 509 in North America and 230 in Europe.

Flipkart, Snapdeal top management in merger talks: Sources

Flipkart, Snapdeal top management in merger talks: Sources

Wed, Aug 24, 2016

Flipkart, sources said, would benefit from payments-enabler FreeCharge, which is a part of Snapdeal.

China's Alibaba Q1 revenue leaps 59%, best since IPO

China's Alibaba Q1 revenue leaps 59%, best since IPO

Thu, Aug 11, 2016

The company`s gross merchandise volume (GMV) -- a measure of value for online sales -- rose 24 percent year-on-year to $126 billion in the June quarter, the statement said, matching the growth of the previous three months.

Jack Ma, others agree $4.4 billion deal for Caesars online games

Jack Ma, others agree $4.4 billion deal for Caesars online games

Sun, Jul 31, 2016

Giant is one of China`s biggest gaming companies, with nearly 50 million monthly active users and several top-grossing mobile titles. It was taken private in 2014 for $3 billion by a group of buyers that included company Chairman Yuzhu Shi and private equity firm Baring Private Equity Asia Ltd. It is now valued at more than $12 billion.

Will consolidation be the key to unlocking profitability of startups?

Will consolidation be the key to unlocking profitability of startups?

Mon, Jul 04, 2016

Mergers and acquisitions (M&A) in the online startup space has kicked up recently as many beleaguered startups are looking towards the exit door.

We don't want to fight war on interest rates with banks: Paytm's Shinjini Kumar

We don't want to fight war on interest rates with banks: Paytm's Shinjini Kumar

Thu, Jun 09, 2016

Paytm payments bank's chief executive-designate Shinjini Kumar, who just joined the bank from consultancy major PwC, explained that it is "counter intuitive" for a payments bank to offer higher interest rates as it has restrictions on how it uses the deposits.

Why aren't Indians downloading apps on their phones?

Why aren't Indians downloading apps on their phones?

Fri, May 20, 2016

Recently we had seen Myntra change its strategy from being available only on its app to now available back on a desktop website. So what is the problem?

Flipkart investor Tiger Global cuts stake in Amazon; dissolves entire stake in Alibaba

Flipkart investor Tiger Global cuts stake in Amazon; dissolves entire stake in Alibaba

Tue, May 17, 2016

Tiger Global Management, the largest investor in Indian e-commerce giant Flipkart, has reduced its stake in US rival Amazon by about two-third in the January-March 2016 quarter.

China e-commerce giant Alibaba's quarterly revenue leaps 39%

China e-commerce giant Alibaba's quarterly revenue leaps 39%

Thu, May 05, 2016

For the full financial year ended in March, net income rocketed 196% to $11.08 billion

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