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Tag Archives: Daniel Zhang

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 Makes Further Investment in e-Commerce Logistics

Broadens its global expansion plans with a $249m investment in Singapore’s postal service Alibaba announced that it will invest S$312.5 million ($249 million) into Singapore’s national postal service provider SingPost, taking a 10.35 percent stake after the completion of the deal. Both companies also signed an agreement that would pave the way for discussions on setting up a joint venture ... Read More »