Home » Company » Alibaba

Alibaba

Alibaba Increases Stake in SingPost

Alibaba Group and SingPost announced that they have signed a joint venture agreement to expand their e-commerce logistics collaboration. The joint venture will focus on three main initiatives that will aim to build a unique, worldwide e-commerce logistics platform. After the initiatives, Alibaba will increase the stake in SingPost to from 10.23% to 14.51%. Alibaba first acquired a stake in ... Read More »

Alibaba Group Announces Expansion of Cross-Border E-commerce Initiatives

Alibaba will set up country pavilions and cooperate with foreign embassies to enhance global trade between small businesses and the Chinese market Alibaba Group Holding Limited (NYSE:BABA), announced an expansion of its cross-border e-commerce initiatives, including the launch of 11 official country pavilions on its Tmall Global platform and cooperative partnerships between Juhuasuan, Alibaba’s group-buying platform, and 26 foreign embassies ... Read More »

Alibaba’s Affiliate Ant Financial Services Starts Internet Bank: MYbank

One of Alibaba Group’s affiliates, Ant Financial Services Group, and other investors have started a privately owned Internet bank, MYbank, to provide “inclusive and innovative financial solutions” at lower cost to small business and consumers. Other than Ant Financial, investors of MYbank include: Shanghai Fosun Industrial Technology Development Co., Wanxiang Sannong Co., and Ningbo Jinrun Asset Management. The bank has ... Read More »

Alibaba.com Helps SMEs Build Trust in Cross-Border Trade with Trade Assurance

Alibaba enters trade assurance business as a free service to buyers who trade with Alibaba Trade Assurance suppliers Alibaba.com launched Trade Assurance, a free service designed to create trust in trade by giving businesses peace of mind when trading with China.  The ‘ultimate payer’ for the service are customers of Alibaba (suppliers) who qualify as Trade Assurance Suppliers. Through the ... Read More »

Alibaba Choses India Based TDI as Channel Partner

Alibaba Group has roped in advertising agency TDI International as its first official channel partner in India.  The partnership will allow TDI’s mobile and internet vertical to sell alibaba.com’s gold membership packages to the small-and-medium sized businesses in the country. “We have been the leader of Outdoor Advertising in India since 1986 and the tie-up with Alibaba.com is a natural progress in the digital ... Read More »

Alibaba’s Jack Ma Lays Out U.S. Strategy

Alibaba’s U.S. strategy is about getting more American companies on its platform to sell to Chinese consumers — not about trying to market to U.S. consumers, the company’s founder and executive chairman, Jack Ma, emphasized on Tuesday. “We need more American products to go to China,” Ma said at Tuesday’s Economic Club of New York gathering at the Waldorf Astoria ... Read More »

Alibaba launches Korea Pavilion on Tmall.com

Alibaba Group, has announced the launch of a Korea Pavilion on its Tmall.com platform.  Tmall.com’s Korea Pavilion opened on 18th May and allows any Korean retail goods to be listed. Tmall.com’s Korea Pavilion was introduced in a ceremony at the aT Center by Jack Ma, founder and executive chairman of Alibaba Group, and Choi Kyunghwan, Deputy Prime Minister of Korea. ... Read More »

Alibaba Moves into Financial Data and Information Services

Alibaba is investing nearly $200 million in China Business News (CBN) as it prepares to move into the financial data and information services industry. In its latest foray into the financial services sector, Alibaba is teaming up with CBN owner Shanghai Media Group to create a platform aimed at SMBs that will offer financial news and information.  Alibaba says that ... Read More »

Alibaba Group Acquires Stake in Chinese Logistics Company

Alibaba Group announced the acquisition of a minority stake in the Shanghai YTO Express (Logistics) Company. Financial details were not disclosed. Both companies plan to cooperate in developing logistics solutions to improve efficiency of China’s logistics industry. YTO Express will work closely with Alibaba’s logistics subsidiary Cainiao to enhance the industry’s logistics management capabilities as well as international and rural ... Read More »

Alibaba’s Q1 Revenue up 45% in FY2015 – Announces Changes in Leadership

Alibaba Group announced its results for the quarter and the fiscal year ended 31st March 2015.  For the quarter ended 31st March, the company recorded revenues of US$2.8 billion, up 45% over same period in 2014.  However, net income in the period was down 49% year-on-year, to US$463 million. Revenues from Alibaba’s China B2B business, primarily generated from 1688.com, grew ... Read More »

Alibaba Invokes Hiring Freeze

Alibaba Group is freezing hiring for the rest of the year because it has grown “too quickly,” Executive Chairman Jack Ma told staff. The hiring freeze came to light about a week before Alibaba is due to report March quarter earnings on May 7.   In January, Alibaba, which handles more online commerce than Amazon and eBay combined, reported slowing revenue ... Read More »

Nielsen and Alibaba launch ‘New Offer Advisor’

Nielsen has teamed up with Chinese eCommerce company Alibaba to launch a solution called ‘New Offer Advisor’, to help online retailers analyze their eCommerce performance, identify areas of market potential, and drive product innovation. Alibaba – generally recognized as the largest online and mobile commerce company in the world in terms of gross merchandise volume – will provide its transaction ... Read More »

Alibaba Faces Uncertainty in Taiwan

Taiwan’s Investment Commission has ordered the New York-listed e-commerce giant Alibaba Group to pay a fine of US$3,800 and withdraw its Taiwan operations within six months.  The government’s investment regulator deems Alibaba a “Chinese company” after reviewing its post-IPO shareholding structure, which violates government restrictions on companies with Chinese ownership. Alibaba’s B2B trading platform, Alibaba.com, established its Taiwan branch in ... Read More »

Alibaba’s Jack Ma Introduces ‘Pay-With-Selfie’ Technology

Alibaba CEO Jack Ma has been showing off a technology that uses facial recognition to allow you to make payments with a selfie taken with your smartphone.  It’s currently being tested by Ant Financial, an Alibaba affiliate that runs the Alipay payment service.  Mr. Ma unveiled the system at the CeBit conference in Hanover, Germany just as he was about to finish his ... Read More »

Alibaba Group Restructures Loan Division

Alibaba Group has announced the company’s completed restructured relationship with Zhejiang Ant Small and Micro Financial Services (Ant Financial) – now officially parent company of Alipay and Alibaba’s small- and medium-sized enterprise (SME) loan business. Alibaba Group and Ant Financial first agreed on a purchase agreement prior to Alibaba’s IPO in September 2014. The restructuring sees Alibaba reduce its risks ... Read More »

Alibaba.com Partners with Lending Club to Offer Loans to SMEs in the U.S.

The Alibaba Group’s B2B e-commerce arm, Alibaba.com, announced the formation of a partnership with the Lending Club, a San Francisco-based lending company listed on the New York Stock Exchange, to provide credit loans to small- and medium-sized businesses (SMEs) in the U.S. U.S.-based SMEs can now apply for credit lines from US$5,000 to US$300,000 through Alibaba.com to finance purchases of ... Read More »