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Tag Archives: Jonathan Lu

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 Acquires Remaining Shares of Browser-maker UCWeb

The acquisition of UCWeb appears to be China’s largest tech acquisition.  Financial terms are not disclosed, but the two firms call it the “biggest deal in Chinese internet history.”  Internal letters reveal that the deal values UCWeb at far more than the $1.9 billion that Baidu paid for 91 Wireless, which is China’s largest internet acquisition to date. Prior to this, ... Read More »