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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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Chinese spend billions on Singles' Day

Chinese spend billions on Singles' Day

Fri, Nov 11, 2016

Chinese shoppers spent more than $1 billion in the first five minutes of Singles Day on Friday, e-commerce giant Alibaba said in the world`s biggest online shopping promotion. Singles' Day -- named for the repeated digit 1 in the date November 11 -- was created by Alibaba in 2009.

Goldman Sachs APAC chairman Mark Schwartz joins Paytm board

Goldman Sachs APAC chairman Mark Schwartz joins Paytm board

Mon, Oct 24, 2016

Paytm announced on Monday that it has appointed Goldman Sachs Asia-Pacific (APAC) chairman Mark Schwartz to the company's board.

Saudi Arabia, SoftBank aim to be world's No 1 tech investor with $100 billion fund

Saudi Arabia, SoftBank aim to be world's No 1 tech investor with $100 billion fund

Sat, Oct 15, 2016

Saudi Arabia and Japan's SoftBank Group will create a technology investment fund that could grow as large as $100 billion, making it one of the world's largest private equity investors and a potential kingpin in the industry.

Verizon says massive Yahoo hack could impact $4.8 billion deal

Verizon says massive Yahoo hack could impact $4.8 billion deal

Fri, Oct 14, 2016

Verizon said on Thursday the massive breach affecting 500 million Yahoo customers could have a "material" effect on the $4.8 billion (nearly Rs 31,933.2 crore) deal to acquire key assets of the Internet group.

Jack Ma's Alibaba acquires stake in Steven Spielberg firm

Jack Ma's Alibaba acquires stake in Steven Spielberg firm

Mon, Oct 10, 2016

Alibaba Pictures, a unit of Ma's sprawling e-commerce conglomerate, has taken a minority shareholding in Spielberg's Amblin Partners, a film creation company that includes DreamWorks studios.

India's FinTech companies get Rs 2,255 crore investments so far in 2016

India's FinTech companies get Rs 2,255 crore investments so far in 2016

Thu, Aug 25, 2016

There have been 192 deals in Asia-Pacific so far this year, as compared with 509 in North America and 230 in Europe.

Flipkart, Snapdeal top management in merger talks: Sources

Flipkart, Snapdeal top management in merger talks: Sources

Wed, Aug 24, 2016

Flipkart, sources said, would benefit from payments-enabler FreeCharge, which is a part of Snapdeal.

China's Alibaba Q1 revenue leaps 59%, best since IPO

China's Alibaba Q1 revenue leaps 59%, best since IPO

Thu, Aug 11, 2016

The company`s gross merchandise volume (GMV) -- a measure of value for online sales -- rose 24 percent year-on-year to $126 billion in the June quarter, the statement said, matching the growth of the previous three months.

Jack Ma, others agree $4.4 billion deal for Caesars online games

Jack Ma, others agree $4.4 billion deal for Caesars online games

Sun, Jul 31, 2016

Giant is one of China`s biggest gaming companies, with nearly 50 million monthly active users and several top-grossing mobile titles. It was taken private in 2014 for $3 billion by a group of buyers that included company Chairman Yuzhu Shi and private equity firm Baring Private Equity Asia Ltd. It is now valued at more than $12 billion.

Will consolidation be the key to unlocking profitability of startups?

Will consolidation be the key to unlocking profitability of startups?

Mon, Jul 04, 2016

Mergers and acquisitions (M&A) in the online startup space has kicked up recently as many beleaguered startups are looking towards the exit door.

We don't want to fight war on interest rates with banks: Paytm's Shinjini Kumar

We don't want to fight war on interest rates with banks: Paytm's Shinjini Kumar

Thu, Jun 09, 2016

Paytm payments bank's chief executive-designate Shinjini Kumar, who just joined the bank from consultancy major PwC, explained that it is "counter intuitive" for a payments bank to offer higher interest rates as it has restrictions on how it uses the deposits.

Why aren't Indians downloading apps on their phones?

Why aren't Indians downloading apps on their phones?

Fri, May 20, 2016

Recently we had seen Myntra change its strategy from being available only on its app to now available back on a desktop website. So what is the problem?

Flipkart investor Tiger Global cuts stake in Amazon; dissolves entire stake in Alibaba

Flipkart investor Tiger Global cuts stake in Amazon; dissolves entire stake in Alibaba

Tue, May 17, 2016

Tiger Global Management, the largest investor in Indian e-commerce giant Flipkart, has reduced its stake in US rival Amazon by about two-third in the January-March 2016 quarter.

China e-commerce giant Alibaba's quarterly revenue leaps 39%

China e-commerce giant Alibaba's quarterly revenue leaps 39%

Thu, May 05, 2016

For the full financial year ended in March, net income rocketed 196% to $11.08 billion

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