Fri, Sep 06, 2019
Alibaba will buy e-commerce business Kaola from Chinese gaming company NetEase Inc for $2 billion, adding a platform that specializes in supplying luxury goods from abroad to Chinese consumers.
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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.
Thu, May 18, 2017
Alibaba`s total revenue rose about 60 percent to 38.58 billion yuan ($5.60 billion) in the quarter ended March 31, versus an average forecast of 36 billion yuan according to Thomson Reuters.
Tue, Apr 04, 2017
Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.
Fri, Mar 24, 2017
HSBC has plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm in 2017 with most of them in the Pearl River Delta.
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.
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.
Tue, Dec 06, 2016
A flood of data from China in coming weeks is expected to show the economy continued to grow at a steady pace in November, with inflation quickening and credit expanding at a faster pace despite concerns about rising debt, a Reuters poll showed.
Wed, Aug 24, 2016
When US private equity heavyweight Warburg Pincus started looking at China's logistics sector in late 2009, there were more modern warehouses in Boston than in the whole of the world's most populous country.
Tue, May 31, 2016
The directive only applies to drug sales on marketplace websites, Alibaba said.
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