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HC International Doubles Profit in Q1

Hong Kong-listed HC International reported its results for the quarter ended 31st March 2014. Revenues in the quarter were US$36 million – an increase of 39% over the same quarter last year. The company recorded profit attributable to equity holders of US$6.8 million, an impressive growth of 109% from 2013. Diluted earnings per share in the period were RMB 0.0615 ... Read More »

Alibaba and ShopRunner in Partnership to Providing Chinese Customers Access to Goods Sold in the USA

Alibaba has partnered with US e-commerce platform ShopRunner in a deal that will allow Chinese consumers easier access to goods sold in the US.  ShopRunner will use Alibaba’s logistics infrastructure to get products to Chinese customers from their thousands of retail partners, which include brands like Calvin Klein, GNC, and Kenneth Cole, as well as partner stores like Neiman Marcus and Lord ... Read More »

Bertelsmann Q1 2014 Revenues up 8.5%

Bertelsmann has begun the 2014 fiscal year with considerable revenue growth and a record operating result.  The international media and services group’s consolidated revenue from continuing operations rose sharply by 8.5 percent during the first-quarter reporting period to €3.90 billion (previous year: €3.60 billion).  The increase was driven by Arvato’s takeover of the e-commerce service provider Netrada and by the ... Read More »

Alibaba Buys Stake in Online Video Site Youku Tudou for $1.22bn

Alibaba Group is expanding its online entertainment presence by investing $1.2 billion with a partner in video website Youku Tudou.  Alibaba will gain a 16.5 percent stake in the company and its partner Yunfeng Capital will get 2 percent. China’s major Internet companies have invested billions of dollars over the past year to expand beyond their core businesses by creating ... Read More »

Alibaba to Launch Mobile Telecom Services in China

The Alibaba Group has announced it will offer telecom services in mainland China including 3G data and voice calls beginning in June 2014.  The telecom packages will be sold through Alibaba Group’s consumer-focused e-commerce platforms, Taobao Marketplace and Tmall.com. The service expansion resulted from HiChina, an Alibaba-owned subsidiary, receiving a mobile virtual network operators’ (MVNO) license from the Chinese government ... Read More »

E-commerce: Amazon Testing Its Own Parcel Delivery Network

Amazon is in the process of testing its own delivery network to help complete the last stage of delivery in a package’s trip from factory to buyer, the Wall Street Journal reports. The e-commerce giant is using Candlestick Park in SF, as well as facilities in Los Angeles and New York, as bases of operation for Amazon trucks and contracted ... Read More »

Alibaba Group Revenues in 4th Quarter Up 66%

Alibaba Group reported net profit in the quarter of US$1.4 billion, up from US$642 million from the same quarter in the previous year.   Revenues in the period grew 66% compared with the same quarter in 2012, amounting to US$3.1 billion. The company attributed the 11th November online shopping festival as a key driver of growth, during which Tmall.com and Taobao.com, ... Read More »

Alibaba to Acquire AutoNavi

Reuters reports that Chinese digital mapping and navigation firm AutoNavi Holdings Ltd (AutoNavi Holdings Ltd (ADR) agreed to be acquired by Alibaba Group Holding Ltd in a deal valuing the company at about $1.5 billion. AutoNavi said the company’s shareholders will receive $5.25 per ordinary share, or $21 per American Depositary Share. The offer represents a premium of 4.7 percent to ... Read More »

China Tech Giants Choose US for ‘World’s Biggest IPO’

The Chinese e-commerce giant Alibaba has said it will float in the US to raise up to $15bn, while China’s twitter-like service Weibo is expecting a $500m listing in New York. The world’s biggest online retailer Alibaba abandoned plans for an offering in Hong Kong, after talks with regulators failed.  It is unknown whether it will choose the New York ... Read More »

Alibaba Invests US$692 million in Department Store Operator Intime

Alibaba and Intime announced that they have partnered each other to beef up the online shopping experience on Alibaba by connecting to Intime’s physical stores and membership system.  To this extent, Alibaba has agreed to invest about $692 million in Intime.  This will essentially give Alibaba a presence in the physical world.  At the end of 2013, Intime operated 36 stores, ... Read More »

BIIA Member Panjiva in the News

Panjivas’s Josh Green Named a “Pro to Know” for Commitment to Supply Chain Transparency Josh Green, Co-founder and CEO of Panjiva was recently named a “Pro to Know” by Supply & Demand Chain Executive for his contributions in bringing transparency to the global supply chain. Supply & Demand Chain Executive recognized Josh and the entire Panjiva team for pushing the boundaries of how ... Read More »

HC International’s revenue up 53% in 2013

Hong Kong-listed HC International revenues in the year were US$138 million, up 53% from 2012.  Net income for the year was US$25 million – a jump of 132% over the previous year.  Dilute earnings per share in 2013 were RMB 0.2489 (US$0.041). HC’s largest business segment, online services, generated 83% of total revenues which amounted to US$115 million. This represents ... Read More »

Messaging Service Tango Secures $280 million from Alibaba

Tango netted $215 million from Alibaba with the additional $65 million from some of its prior investors which include Access Industries, Draper Fisher Jurvetson, Qualcomm Ventures, Toms Capital, Translink Capital, as well as Bill Tai, Shimon Weintraub, Jerry Yang, Alex Zubillaga and others. The Alibaba investment secured the Chinese company a minority stake in Tango and a seat on the ... Read More »