Alibaba

Alibaba shadowed Black Friday and Cyber Monday with $9.3 billion in the first 90 minutes

Alibaba is proving to cross the peak limit of sales generated by Black Friday and Cyber money with $9.3 billion in the first 90 minutes. The amount, both of the US online holidays generated combined. This year, the Alibaba’s expected reach is $13.7 billion, which is big boost to China’s plunged economy.

Four of 10 products sold online in China are fakes, shoddy

China has released a report saying more than 40% of products sold online are fakes or shoddy, dealing a big blow to the credibility of e-commerce giants like Alibaba. But the report itself is under scrutiny, as it based upon only a limited data.

Alibaba does not want to be listed under "Notorious Market" list for this year

Alibaba representatives have been working hard to lobby the US Trade Representative not to include both Alibaba.com and Taobao in the agency's list for this year. The list contains all websites and store selling pirated goods is expected to be released by November this year.

Alibaba offers to privatized another Chinese company listed on the NYSE

Alibaba offers to buy YouTube like service provider, Youku Tudou in an offers worth $3.6 billion. The offer was confirmed and agreed by the company's chairman Victor Koo but investors agreement are still needed before the acquisition can be finalized.

Yahoo to spin off Alibaba stake even without tax-free guarantee

Yahoo is pushing ahead with its plan to spin off its stake in Alibaba despite lacking a guarantee from the IRS that it would be tax-free. The Web search company has been facing mounting pressure to spin off its Alibaba stake, whose value has almost halved this year.

Alibaba and Suning Partnership Could Change China's E-commerce Domination

China e-commerce sompetition is getting fierce as AliBaba and Suning had agreed to a partnership. The partnership could see both companies grow their customers with the latest O2O strategy to outrun current market leader JD.com.

Alibaba investors losing confidence as company's shares go below debut price

Alibaba is in big trouble as Investors lose confidence over the continuing decline of shares cased by the slow consumer spending brought by the Chinese economic meltdown.

Uber Plans Expansion to 100 Cities in China and Take on Biggest Chinese Rival

Uber plans to expand to 100 more cities in China when it raised $1.2 billion to contest China’s number one taxi-hailing company Didi Kuaidi.

Alibaba launches data center in Singapore

Alibaba launches headquarters for overseas operation and data center in Singapore as part of their $1 billion effort to edge out US rival, Amazon Web Services.

Analysts bet on Macy's, Alibaba, Cisco and News Corp; quarter earnings to be announced

Macy's, News Corp, Alibaba and Cisco are scheduled to report their quarterly revenue on Wednesday. Analysts are eyeing the movement of four companies in the stock market.

Xiaomi Mi Band 2 Updates: The Fitness Band Tracker Will Feature Touchscreen Display And Mobile Payment

Xiaomi are rumored to unveil its Xiaomi Mi Band 2 fitness tracker anytime soon. The newest fitness tracker is said to feature a touchscreen display and a mobile payment.

Alibaba to invest in China Business Network to expand finance services

Alibaba Group Holding has decided to buy stakes worth more than 1 billion yuan ($161 million) in financial media outlet China Business Network (CBN). CBN is part of Shanghai Media Group (SMG).

Alibaba's Alipay leads third-party mobile payment service in China; Ant Financial eyes partnership with Chinese, foreign companies to expand market

Alibaba's Alipay is leading in terms mobile payment in China. Brewing talks about partnerships with Apple, One Horizon Group, and Xiaomi.

MYbank officially receives green light to begin formal operations in China

Online bank MYbank now given the go ahead to start official operations in China after being approved by the country's regulatory commission.

Alibaba Takes Battle Against Fake Goods To Another Level

Alibaba makes an effort to train locals to create home-grown brands after they are sued by Gucci.

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