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Alibaba Group Holding

10 Apr 2021

China slaps record $2.8 billion fine on Alibaba after antitrust probe

The fine imposed by the State Administration for Market Regulation (SAMR) was more than double the previous record of 6.1 billion yuan paid by Qualcomm. The fine on Alibaba represents 4 percent of its total domestic revenue in 2019, which was 455.71 billion yuan, according to the SAMR.

Alibaba Group Holding

12 Nov 2018

Alibaba nets record $30 billion in Singles' Day haul, but growth rate plunges

Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in the first hour after midnight.

Alibaba Group Holding

28 Jun 2017

Alibaba spending $1 bn to raise stake in Southeast Asia's Lazada

The move doubles Alibaba`s investment in the firm after last year`s deal to buy a controlling stake in Lazada for about $1 billion.

22 Jun 2017

Amazon's grocery push playing catch up with Chinese e-commerce giants

China`s Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings.

China technology company

15 Apr 2016

China's Tencent seeks additional loan worth $2 billion

China`s Tencent Holdings Ltd is seeking a loan of up to $2 billion, part of a flurry of fund-raising by the country`s Internet giants, two people involved in the financing told Thomson Reuters LPC, a loan-focused news service.

One97 Communications

29 Sep 2015

Alibaba, Ant Financial pick up stake in Paytm

One97 Communications, the parent company of Indian mobile payment and commerce platform Paytm, today said it has received funding from Chinese giant Alibaba Group Holding and its Ant Financial Services Group.

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.

e-commerce firm JD.com

26 Jun 2015

China e-commerce firm JD.com to launch credit-scoring rival to Alibaba's

JD-ZestFinance Gaia and competitor Sesame Credit, part of Alibaba-affiliated Ant Financial Services Group, hope to use the e-commerce sites` vast swathes of shopping data to turn out a reliable credit risk score.

Alibaba Group Holding

14 May 2015

Alibaba to invest more abroad as globalisation top priority: CEO Zhang

Alibaba Group Holding Ltd will invest heavily in existing and new ventures abroad, making its push beyond the China market a top priority, the Chinese e-commerce leader`s new CEO, Daniel Zhang, said.

Alibaba Group Holding

12 May 2015

Alibaba's cloud computing unit to establish base in Dubai

The cloud computing unit of Chinese e-commerce giant Alibaba Group Holding said it would establish a base in Dubai to seek business from companies and governments in the Middle East and North Africa.

12 May 2015

Xiaomi enters money market fray with Huoqi Bao service

Chinese smartphone maker Xiaomi Inc waded into China`s red hot online finance arena on Monday with a new money market fund to compete against the likes of tech rivals Alibaba Group Holding and Tencent Holdings.

12 May 2015

Tim Cook says Apple in talks with Alibaba over Apple Pay in China

"We very much want to get Apple Pay in China," Cook told Xinhua during a visit to the country. "I`m very bullish on Apple Pay in China."

Oliver Weisberg

24 Apr 2015

Citadel managing director to join Alibaba family office: Report

Oliver Weisberg has quit his role as a managing director of Citadel to help run a family office for Alibaba Group Holding Ltd executives, Bloomberg reported, citing two people with knowledge of the matter.

14 Apr 2015

Under fire from US group, Alibaba says fighting counterfeit goods

Alibaba Group Holding Ltd said it had a range of measures to fight counterfeits on its websites - remarks that come after a trade group requested US government help in prodding the Chinese e-commerce giant into action against fake goods.

Alibaba Group Holding

03 Mar 2015

Alibaba will provide requested documents to Taiwan govt: Jack Ma

Alibaba Group Holding will provide Taiwan with the information required about its business, Executive Chairman Jack Ma said on Tuesday, after the government ordered the Chinese e-commerce giant to withdraw from the island within six months.

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.

13 Feb 2015

Alibaba's Jack Ma seeks to reassure employees over US lawsuits

A series of lawsuits have been filed in the United States after an unusually public fracas with a Chinese regulator last month over the issue of fakes being sold on Alibaba`s websites.

Alibaba Group Holding

03 Feb 2015

Alibaba's Jack Ma dethroned as China's richest by solar magnate: Report

Alibaba Group Holding Ltd`s Jack Ma is no longer China`s richest man, according to a report on Tuesday, with the top spot snatched by Li Hejun, a solar energy entrepreneur whose Hanergy Holding Group Ltd has come under fire for its intragroup dealings.

S.M. Entertainment

25 Nov 2014

S.Korea's SM Entertainment denies report of Alibaba stake buy

South Korea`s S.M. Entertainment Co on Tuesday denied a media report saying Alibaba Group Holding is considering an investment in the leading K-Pop agency through a stake buy.

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.

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