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Alibaba Pays $2bn for Chinese E-Commerce Firm Kaola

Chinese tech giant Alibaba has acquired e-commerce site Kaola from compatriot NetEase for around $2 billion. Kaola, which sells imported goods in China, and competes with JD.com’s JD Worldwide, and Alibaba’s own… The p.....»»

Category: topSource: redherringSep 6th, 2019

Davis Funds: “Alibaba (BABA) will Maintain its Leading Position in the Chinese E-Commerce Sector”

Davis Funds, an investment management firm, published its “Davis International Fund” fourth quarter 2020 investor letter – a copy of which .....»»

Category: topSource: insidermonkeyApr 7th, 2021

Alibaba to stop sales of e-cigarette components in United States

Chinese e-commerce firm Alibaba said on Wednesday it will stop selling e-cigarette components in the United States, amid growing regulatory scrutiny and reports of lung disease and some deaths linked to vaping......»»

Category: topSource: reutersOct 9th, 2019

Alibaba set for "big challenge" as flamboyant chairman Ma departs

Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply......»»

Category: topSource: reutersSep 9th, 2019

Alibaba buys Chinese e-commerce business Kaola for $2 billion

Kaola is one of the biggest Chinese e-commerce sites focused on selling imported goods in the country, alongside Alibaba's Tmall Global and JD.com's JD Worldwide......»»

Category: topSource: moneycentralSep 6th, 2019

E-commerce firm Alibaba buys Chinese chipmaker to aid internet of things

Alibaba did not disclose the terms of the acquisition - the firm's first involving a chipmaker.....»»

Category: topSource: business-standardApr 20th, 2018

Alibabacoin says Alibaba has no monopoly on "magic" name

The Dubai-based cryptocurrency firm Alibabacoin Foundation on Tuesday said Alibaba Group Holding Ltd cannot monopolize the "magical" Alibaba name, and asked a U.S. judge to dismiss the Chinese e-commerce retailer's trademark lawsuit......»»

Category: topSource: moneycentralApr 10th, 2018

Alibaba Makes Pakistan e-Commerce Play with Daraz Acquisition

Chinese tech giant Alibaba has made a big play for the South Asian e-commerce market, with its acquisition of Rocket Internet-owned Pakistani platform Daraz. The Karachi-based firm, founded in 2012, operates in.....»»

Category: topSource: redherringMay 8th, 2018

Alibaba leads consortium in $1.4 billion deal for stake in Chinese courier ZTO

SHANGHAI (Reuters) - Alibaba Group Holding Ltd on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) Inc for $1.38 billion, as part of the e-commerce firm's push into offline services......»»

Category: topSource: reutersMay 29th, 2018

Alibaba, Cainiao Lead $1.4 Billion Spend on Delivery-Firm Stake

Facing tougher competition in online retailing, Chinese e-commerce giant Alibaba and its logistics arm are leading a $1.4 billion effort to boost their delivery capabilities......»»

Category: smallbizSource: wsjMay 29th, 2018

U.S. lifts ban on ZTE after the Chinese firm pays $1.4-billion penalty

The U.S. Commerce Department has lifted the b.....»»

Category: topSource: latimesJul 13th, 2018

Chinese e-commerce firm Pinduoduo jumps 44% in trading debut

A three-year-old startup taking on Alibaba in China just smashed its Wall Street debut......»»

Category: topSource: moneyJul 26th, 2018

CryptoWatch: Alibaba wins preliminary trademark injunction against cryptocurrency Alibabacoin

Chinese e-commerce giant Alibaba Group Holding Limited has won a preliminary injunction against cryptocurrency firm Alibabacoin Foundation......»»

Category: topSource: marketwatchOct 23rd, 2018

Alibaba logs higher quarterly sales but posts loss on antitrust fine

Chinese e-commerce giant Alibaba Group Holding Ltd. posted revenue growth on stronger retail and cloud-computing results in the latest quarter, but a large fine levied by the Chinese government dragged the company to a quarterly loss......»»

Category: topSource: foxnewsMay 13th, 2021

Earnings Results: Alibaba posts loss due to anti-monopoly fine but beats revenue expectations

Alibaba Group Holding Ltd. swung to a loss for its March quarter as the company faced an anti-monopoly fine, but the Chinese e-commerce giant topped revenue expectations for the period amid continued momentum for its online marketplaces......»»

Category: topSource: marketwatchMay 13th, 2021

Cathie Wood Can"t Get Enough Of These 3 Chinese Alibaba Rivals

Cathie Wood-led Ark Investment Management has recently been heavily buying into three Chinese stocks that are rival to Alibaba Group Holding (NYSE: BABA) in the e-commerce and online groceries space. read more.....»»

Category: blogSource: benzingaMay 2nd, 2021

Not Just Facebook, Alibaba Too Is Concerned Over Apple New Privacy Rules" Impact On Business

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) is worried about how Apple Inc.’s (NASDAQ: AAPL) new privacy rule changes will impact its business, according to a read more.....»»

Category: blogSource: benzingaApr 30th, 2021

Alibaba fined $2.8 billion on competition charge in China

Chinese e-commerce giant Alibaba has been fined $2.8 billion for anti-competitive behavior as the ruling Communist Party tightens control over fast-growing technology industries.....»»

Category: topSource: foxnewsApr 10th, 2021

Charlie Munger"s Daily Journal reveals an Alibaba stake worth $37 million

Warren Buffett's right-hand man is the newspaper publisher's chairman. The Chinese e-commerce group is now its third-biggest holding. Warren Buffett and his business partner, Charlie Munger. REUTERS/Rick Wilking Daily Journa.....»»

Category: worldSource: nytApr 6th, 2021

The death of a 22-year-old Chinese tech employee shows the industry"s toxic "996" work culture, championed by top execs like Jack Ma

The woman, who worked for the e-commerce firm Pinduoduo, collapsed after leaving work at 1:30 a.m., and has become a symbol of the anti-996 movement. Pinduoduo users attend the company's listing ceremony at the Shanghai Tower on July.....»»

Category: dealsSource: nytJan 5th, 2021

Chinese billionaire Jack Ma suspected missing after calling for economic reform: report

Billionaire Jack Ma, one of China's richest men and the founder of e-commerce giant Alibaba, has not made a public appearance in more than two months......»»

Category: topSource: foxnewsJan 4th, 2021