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Six Steps To Become A Digital Business – Digital Transforms the Game of Business

Business leaders don’t think of digital as central to their business because in the past, it hasn’t been.  But now your customers, your products, your business operations, and your competitors are fundamentally digital.  A piecemeal strategy of bolting on digital channels or methods is no longer sufficient. Instead, you must think of your company as part of a dynamic ecosystem ... Read More »

Alibaba Partners with Quixey for Mobile App Searches

Alibaba Group has partnered with US-based search engine Quixey to power app searches for its mobile operating system YunOS. Unlike typical web search engines, Quixey focuses on helping users find the most appropriate mobile apps they need.  It can also locate content and functions stored on mobile apps, such as blogs and social media platforms. Quixey will become the sole ... Read More »

Alibaba Eyes Expansion into Hollywood Content Offering

Alibaba Group Holding Ltd is looking to expand its entertainment content offering on its Internet television set-top boxes through deals with studios in the United States, Bloomberg reported. Alibaba Group executives are meeting with content providers, such as Walt Disney Co, Viacom Inc’s Paramount Pictures, Time Warner Inc’s Warner Bros, Sony Corp and Comcast Corp’s Universal.  The company is seeking deals that will provide it with ... Read More »

Welcome to Retail Land: Amazon Results Upset Wall Street

According to Reuters Amazon.com Inc’s once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the technology sector’s highest valuations drew widespread ire after a spectacular results letdown on Thursday. Amazon missed expectations across the board – on margins, on its net loss ... Read More »

Alibaba Affiliate Obtains Approval for Private Bank

The China Banking Regulatory Commission said it gave approval to start a bank to a financial affiliate of the Alibaba Group, that is also the parent of Alipay who handles payment transactions and thus is crucial to Alibaba’ operations.   The bank would be headquartered in Hangzhou.  The financial affiliate of Alibaba will own 30%.  The Shanghai Fosun High Technology Group ... Read More »

E-commerce Giant Amazon Takes on Main Street USA

Amazon goes for brick and mortar – takes on main street firms on their own turf! Amazon.com Inc. plans to open a store in the middle of New York City, according to people familiar with the plans, the first brick-and-mortar outlet in its 20-year history and an experiment to provide the type of face-to-face experience found at traditional retailers. The ... Read More »

Rocket Internet Take-off Fails to Develop Full Thrust

Rocket Internet, one of the most anticipated European tech listings since the dotcom bubble, disappointed on its Frankfurt debut amid investor concern about its ability to create successful ecommerce start-ups.  Shares in Rocket shed 12.9 per cent to €37, the second worst start to trading for any initial public offering raising more than $500m in Europe or the US in ... Read More »

Rocket Internet IPO Priced at US$8.4bn (6.5bn Euro)

The Berlin-based startup incubator by the illustrious name Rocket Internet has set the price range for its initial public offering, which could value the company as high as $8.4 billion (6.5 billion Euros.)  Following in the footsteps of Alibaba’s recent IPO Rocket Internet has an ambitious mission to become the world’s largest Internet platform outside the United States and China. ... Read More »

Alibaba Targets $160 Billion Value in IPO

According the Wall Street Journal Alibaba Friday unveiled a price range for its U.S. initial public offering of $60 to $66 a share.  At the midpoint, this would value it at about $162 billion, on a fully diluted basis and assuming underwriters exercise an option to sell extra stock. That seems conservative, at least compared with heady analyst estimates that ... Read More »

China’s Wanda, Tencent and Baidu Team up for US$813m e-Commerce Deal

China’s privately-held Dalian Wanda Group is set to launch a 5bil yuan (RM2.56bil) e-commerce joint venture with domestic internet giants Tencent Holdings Ltd and Baidu Inc. The e-commerce venture, which will be 70% owned by Wanda and 15% held by Tencent and Baidu respectively, is set to be announced later this week, the people said. The venture will unite three of ... Read More »

Alibaba Revenues Surge Ahead of IPO – Raises Valuation to $140bn

Alibaba reports a tenfold jump from mobile devices helped drive overall revenues 46 per cent higher to Rmb15.8bn ($2.6bn) in the second quarter, while net income nearly tripled to Rmb12.3bn. Analysts have focused on Alibaba’s ability to draw mobile users to its marketplace amid fierce fighting among China’s tech groups for customers glued to their smartphones. The group said a ... Read More »

Accounting Scandal Hits Alibaba’s New Film Company

‘Big Deals are generally made in heaven’, meaning in clear text a particular deal is negotiated between principals, who are in a hurry and believe it they know all the facts.  Under such circumstances due diligence usually takes a back seat. Due diligence is now being questioned in the latest scandal involving Alibaba’s US$ 800 million acquisition of China Vision.  ... Read More »

Alibaba Names Jane Penner VP Investor Relations

Alibaba Groups has appointed Jane Penner as vice president and head of investor relations, effective Aug. 11, 2014. Jane Penner was formerly head of investor relations at Google.  She came to Google in 2008 from Bear Stearns Companies Inc.  Before that, she was a senior editor at The Street.com. Penner will be based in San Francisco, where a number of top ... Read More »

Global Sources to Open China Sourcing Fairs in Indonesia

Global Sources, has expanded its China Sourcing Fairs to Indonesia. The inaugural show will run from 7th to 9th August 2014 at the Jakarta International Expo (JI Expo), and feature more than 350 booths with exhibitors originating from Greater China. The company will launch three co-located China Sourcing Fairs covering: Electronics, Garments & Textiles, and Hardware & Building Materials. A ... Read More »