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Chinese e-commerce News

08 Mar 2017

Alibaba launches India-specific content platform

Chinese e-commerce giant Alibaba on Wednesday announced the launch of an India-specific content platform -- We-Media Reward Plan 2 -- with an initial investment of Rs 5 crore, as part of its plan to invest Rs 200 crore over the next two years to drive content distribution in the country.

Chinese e-commerce

10 Jan 2017

Alibaba to buy mall operator Intime in $2.6 bn plan

Chinese e-commerce titan Alibaba will take control of domestic department store Intime through a $2.6 billion privatisation scheme, the companies said Tuesday, sending shares of the mall operator surging.

Wal-Mart Stores Inc

20 Jun 2016

Wal-Mart to sell China online unit to JD.com for a 5% stake

Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart`s reach in China to more customers.

Chinese e-commerce

22 Mar 2016

Alibaba likely to surpass Walmart as world's top retailer

An official announcement by Alibaba Group Holding Ltd expected to be made at the end of this fiscal year on March 31.

10 Dec 2015

Yahoo reverses course on plan to spin off Alibaba stake

Yahoo Inc shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday, under pressure from activist investors worried about billions of dollars in taxes, and said instead it is looking at creating a separate company to hold the rest of its assets.

18 Jul 2015

Yahoo spinning off Alibaba stake to `Aabaco Holdings`

Yahoo on Friday formally notified US regulators that it is spinning off its stake in Chinese e-commerce giant Alibaba to an independent new company called Aabaco Holdings.

Chinese e-commerce

30 Jun 2015

Alibaba Group in talks to buy stake in India’s Paytm: Report

Chinese e-commerce giant Alibaba Group Holding Ltd is in advanced talks to invest in Indian online payment platform and e-commerce firm Paytm, two sources with knowledge of the matter said on Tuesday.

25 Jun 2015

Micromax in talks to sell one-fourth stake to Alibaba: Report

Home-grown handset maker Micromax is in talks to sell one-fourth stake to Chinese e-commerce major Alibaba, as per a report in a national financial daily.

Chinese e-commerce

10 Jun 2015

Alibaba's Ma, visiting New York, says not in America to compete

Chinese e-commerce titan Alibaba Group Holding Ltd does not want to fight for U.S. market share but instead hopes to help small US businesses sell more goods in China, Executive Chairman Jack Ma said.

Chinese e-commerce

21 May 2015

Alibaba-backed Baozun prices $110 mn US IPO, below expectations

Chinese e-commerce company Baozun Inc, backed by Alibaba Group Holding Ltd, raised $110 million in a U.S. share offering, less than investors had initially expected, after pricing the deal below its own indicative range.

Chinese e-commerce

09 May 2015

Alibaba acquires stake in US online retailer Zulily

The Seattle-based retailer primarily sells clothing, toys and other items for kids and is mainly marketed towards mothers.

Chinese e-commerce

07 May 2015

Alibaba quarterly net profit halved, anounces CEO change

Chinese e-commerce giant Alibaba said Thursday its net profit plunged 49 percent to $463 million for the final quarter of its financial year ending March, hit by a share-based compensation expense.

Chinese e-commerce

17 Apr 2015

Chinese e-commerce company Baozun files for US IPO

Chinese e-commerce company Baozun Inc filed with U.S. regulators for an initial public offering of American Depository Shares.

11 Mar 2015

Alibaba in funding talks with Snapdeal: Source

Alibaba is in talks with Indian online marketplace Snapdeal over a potential cash investment, a source familiar with the negotiations said, in what would be the Chinese e-commerce giant`s first direct investment in India.

Chinese e-commerce

26 Feb 2015

Chinese rivals snap at Alibaba's heels in cross-border e-commerce race

A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding Ltd and Amazon.com Inc catering to shoppers` fears about the quality and safety of local everyday goods.

US online retailer

04 Feb 2015

Alibaba deploys drones to deliver tea in China

Airspace in China is strictly controlled, with the majority used by the military.

Chinese e-commerce

29 Jan 2015

Alibaba quarterly earnings plunge 28% to $964 million

Chinese e-commerce giant Alibaba said Thursday its net profit for the three months ending December plunged 28 percent to $964 million, hit mainly by a one-off charge and higher taxes.

Alibaba Group Holding

12 Nov 2014

Alibaba open to working with PayPal: Report

Alibaba Group Holding Ltd is open to working with eBay Inc`s PayPal to expand its payment options, Bloomberg reported, citing an interview with the Chinese e-commerce company`s vice chairman.

Chinese e-commerce

29 Sep 2014

Alibaba approved for private bank in China

China previously had only two private banks, Minsheng and Ping An.

Chinese e-commerce

26 Sep 2014

Alibaba options set for strong demand on market debut

The newest way to bet on the fortunes of Chinese e-commerce heavyweight Alibaba Group Holding Ltd will debut on Monday when its stock options go live for trading, and investors should look for the initial action to be very busy, but also choppy and potentially pricey.

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