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Alibaba

Jack Ma now promises test kits, masks for every African nation

Jack Ma now promises test kits, masks for every African nation

Wed, Mar 18, 2020

Alibaba co-founder Jack Ma has announced he would donate thousands of testing kits, masks and protective suits to each African country to help the fight against the killer disease.

SoftBank's Son sticks with gut-led investing in chat with Alibaba's Jack Ma

SoftBank's Son sticks with gut-led investing in chat with Alibaba's Jack Ma

Fri, Dec 06, 2019

Son`s comments come weeks after he was forced to bail out office-sharing startup WeWork when Neumann`s level of control over his firm and hard-partying ways chilled investor appetite and crashed plans for an initial public offering (IPO).

Alibaba Singles'' Day sales hit $26.38bn, breaks past record

Alibaba Singles'' Day sales hit $26.38bn, breaks past record

Mon, Nov 11, 2019

On Sunday night, the sales on Alibaba platforms skyrocketed to $1 billion within two minutes

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Paytm Mall sees 3X jump in transactions during festive season sale

Paytm Mall sees 3X jump in transactions during festive season sale

Sat, Oct 13, 2018

"We have received an overwhelming response...With over 50 million visitors coming to the platform. Categories such as mobile phones, laptops, appliances, consumer electronics and groceries continue to be hugely popular among the buyers," Paytm Mall Vice President Srinivas Mothey told PTI.

Odisha-based startup Grozip selected for fellowship mentored by Alibaba founder Jack Ma

Odisha-based startup Grozip selected for fellowship mentored by Alibaba founder Jack Ma

Sun, Sep 23, 2018

Odisha-based startup Grozip has been selected for participating in the eFounders Fellowship, a programme jointly organized by the Alibaba Business School and UNCTAD.

Prefer to die on the beach than at work table in Alibaba, says Jack Ma

Prefer to die on the beach than at work table in Alibaba, says Jack Ma

Sat, Sep 22, 2018

On September 10, Chinese billionaire Jack Ma, on his 54th birthday, announced that he would step down as Alibaba's executive chairman in one year to make way for the next generation of leaders at the USD 420 billion e-commerce giant.

Alibaba chief Jack Ma retirement: Impact on India?

Alibaba chief Jack Ma retirement: Impact on India?

Mon, Sep 10, 2018

As Alibaba's Jack Ma turns 54 on Monday -- the day when he will reportedly make his retirement official which also happens to be Teachers' Day in China -- he is leaving behind a legacy which will not be easy for his successor to carry forward.

Alibaba says Jack Ma not retiring and will unveil transition plans on Monday

Alibaba says Jack Ma not retiring and will unveil transition plans on Monday

Mon, Sep 10, 2018

Jack Ma, Alibaba co-founder and chairman, is not retiring and will unveil transition plans on Monday, the company-owned media outlet said Sunday as it rejected a news report that he is stepping down from the Chinese e-commerce giant.

Why Jack Ma wants to retire from Alibaba at 54: China' richest man's reason may inspire you

Why Jack Ma wants to retire from Alibaba at 54: China' richest man's reason may inspire you

Sat, Sep 08, 2018

New York Times reports that Alibaba Group Holding Ltd`s co-founder and executive chairman Jack Ma will retire from his e-commerce company on Monday.

Alibaba launches philanthropy project with Kangana Ranaut for women

Alibaba launches philanthropy project with Kangana Ranaut for women

Thu, Sep 06, 2018

Chinese internet major Alibaba group announced Wednesday to run a philanthropy project for women empowerment in India in association with Bollywood actress Kangana Ranaut.

Warren Buffett's Berkshire Hathaway in talks to invest up to $350 mn in Paytm

Warren Buffett's Berkshire Hathaway in talks to invest up to $350 mn in Paytm

Tue, Aug 28, 2018

One of the persons said the deal would see Nebraska-based Berkshire Hathaway pick up 3-4 per cent share in One97 Communications, the parent firm of Paytm.

Alibaba-backed Paytm rolls out AI Cloud for India

Alibaba-backed Paytm rolls out AI Cloud for India

Tue, Aug 21, 2018

In collaboration with Chinese tech giant Alibaba, digital payments major Paytm on Tuesday launched its AI Cloud computing platform for developers, start-ups and enterprises in India.

Starbucks ties up with Alibaba for China coffee delivery to revive sales

Starbucks ties up with Alibaba for China coffee delivery to revive sales

Thu, Aug 02, 2018

Starbucks Corp is partnering with Alibaba to deliver its coffee in Chinese cities, betting the move will revive sales growth in its second-largest market that is witnessing aggressive competition from local coffee start-ups.

Starbucks' departing chairman Howard Schultz backs China prospects, hints at Jack Ma tie-up

Starbucks' departing chairman Howard Schultz backs China prospects, hints at Jack Ma tie-up

Mon, Jul 09, 2018

Starbucks said last month China same-store sales would be flat to slightly negative in its second-biggest market in April-June, versus 7 percent growth a year earlier, triggering a sharp drop in the chain`s share price.

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

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

Tue, May 29, 2018

The consortium includes Alibaba`s majority-owned logistics affiliate Cainiao Smart Logistics Network Ltd, Alibaba and ZTO said in a joint statement without disclosing the identity of other investors. They said they expect the deal to close in June.

36.8 mn jobs created in 2017 by this one company; see how

36.8 mn jobs created in 2017 by this one company; see how

Mon, Apr 09, 2018

It is nothing short of a shock and awe moment as one company has created tens of millions of jobs reportedly. Chinese e-commerce giant Alibaba, headed by one China's richest men Jack Ma, created over 36.8 million jobs last year via its expansive retail ecosystem, a study has revealed.

Future will be about 'made on the internet': Jack Ma

Future will be about 'made on the internet': Jack Ma

Wed, Jan 24, 2018

Jack Ma said that even without a perfect logistics system, payments system or blockchain, e-commerce has grown remarkably.

Google opens AI centre in China as competition heats up

Wed, Dec 13, 2017

Artificial intelligence, especially machine learning, has been an area of intense focus for American tech stalwarts Google, Microsoft and Facebook, and their Chinese competitors Alibaba, Tencent and Baidu as they bid to master what many consider is the future of computing.

Global Markets: Tech tremors spread to financials to spoil global rally

Global Markets: Tech tremors spread to financials to spoil global rally

Wed, Dec 06, 2017

Investors concerned about high valuations took the top off the tech sector, where stocks such as Facebook, Alphabet, Tencent and Alibaba have reached prices some describe as "eye-watering".

Alibaba prices 5-tranche $7 billion dollar bond amid strong demand

Alibaba prices 5-tranche $7 billion dollar bond amid strong demand

Thu, Nov 30, 2017

Chinese internet giant Alibaba Group Holding Ltd has priced a $7 billion multi-tranche bond issue after a blowout response allowed the borrower to tighten pricing across all maturities, according to a term sheet seen by Reuters.

Alibaba goes offline with $2.9 billion stake in China's top grocer

Alibaba goes offline with $2.9 billion stake in China's top grocer

Mon, Nov 20, 2017

Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China`s top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail.

Alibaba's "Singles'' Day fest sale hits $25 billion

Alibaba's "Singles'' Day fest sale hits $25 billion

Sun, Nov 12, 2017

The company sold $25.38 billion (168.2 billion Chinese Yuan) worth of goods within 24 hours of its annual sales event, registering about 39% growth over its previous year`s sales of $18 billion during the one-day event in 2016.

Alibaba kicks off global shopping fest in China

Alibaba kicks off global shopping fest in China

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.

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