China slaps record $2.8 billion fine on Alibaba after antitrust probe
The fine on Alibaba represents 4 percent of its total domestic revenue in 2019, which was 455.71 billion yuan, according to the SAMR."Alibaba accepts the penalty with sincerity and will ensure its compliance with determination," said the Hangzhou-based in a statement.
Apr 10, 2021, 12:23 PM IST
Alibaba nets record $30 billion in Singles' Day haul, but growth rate plunges
Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in the first hour after midnight.
Nov 12, 2018, 11:16 AM IST
Alibaba spending $1 bn to raise stake in Southeast Asia's Lazada
The move doubles Alibaba`s investment in the firm after last year`s deal to buy a controlling stake in Lazada for about $1 billion.
Jun 28, 2017, 15:13 PM IST
Amazon's grocery push playing catch up with Chinese e-commerce giants
China`s Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings.
Jun 22, 2017, 11:48 AM IST
China's Tencent seeks additional loan worth $2 billion
China`s Tencent Holdings Ltd is seeking a loan of up to $2 billion, part of a flurry of fund-raising by the country`s Internet giants, two people involved in the financing told Thomson Reuters LPC, a loan-focused news service.
Apr 15, 2016, 16:04 PM IST
Alibaba, Ant Financial pick up stake in Paytm
One97 Communications, the parent company of Indian mobile payment and commerce platform Paytm, today said it has received funding from Chinese giant Alibaba Group Holding and its Ant Financial Services Group.
Sep 29, 2015, 13:20 PM IST
Alibaba Group in talks to buy stake in India’s Paytm: Report
Chinese e-commerce giant Alibaba Group Holding Ltd is in advanced talks to invest in Indian online payment platform and e-commerce firm Paytm, two sources with knowledge of the matter said on Tuesday.
Jun 30, 2015, 14:23 PM IST
China e-commerce firm JD.com to launch credit-scoring rival to Alibaba's
JD-ZestFinance Gaia and competitor Sesame Credit, part of Alibaba-affiliated Ant Financial Services Group, hope to use the e-commerce sites` vast swathes of shopping data to turn out a reliable credit risk score.
Jun 26, 2015, 14:05 PM IST
Alibaba to invest more abroad as globalisation top priority: CEO Zhang
Alibaba Group Holding Ltd will invest heavily in existing and new ventures abroad, making its push beyond the China market a top priority, the Chinese e-commerce leader`s new CEO, Daniel Zhang, said.
May 14, 2015, 12:29 PM IST
Alibaba's cloud computing unit to establish base in Dubai
The cloud computing unit of Chinese e-commerce giant Alibaba Group Holding said it would establish a base in Dubai to seek business from companies and governments in the Middle East and North Africa.
May 12, 2015, 23:48 PM IST
Xiaomi enters money market fray with Huoqi Bao service
Chinese smartphone maker Xiaomi Inc waded into China`s red hot online finance arena on Monday with a new money market fund to compete against the likes of tech rivals Alibaba Group Holding and Tencent Holdings.
May 12, 2015, 21:47 PM IST
Tim Cook says Apple in talks with Alibaba over Apple Pay in China
"We very much want to get Apple Pay in China," Cook told Xinhua during a visit to the country. "I`m very bullish on Apple Pay in China."
May 12, 2015, 09:30 AM IST
Citadel managing director to join Alibaba family office: Report
Oliver Weisberg has quit his role as a managing director of Citadel to help run a family office for Alibaba Group Holding Ltd executives, Bloomberg reported, citing two people with knowledge of the matter.
Apr 24, 2015, 09:35 AM IST
Under fire from US group, Alibaba says fighting counterfeit goods
Alibaba Group Holding Ltd said it had a range of measures to fight counterfeits on its websites - remarks that come after a trade group requested US government help in prodding the Chinese e-commerce giant into action against fake goods.
Apr 14, 2015, 11:16 AM IST
Alibaba will provide requested documents to Taiwan govt: Jack Ma
Alibaba Group Holding will provide Taiwan with the information required about its business, Executive Chairman Jack Ma said on Tuesday, after the government ordered the Chinese e-commerce giant to withdraw from the island within six months.
Mar 03, 2015, 17:14 PM IST
Chinese rivals snap at Alibaba's heels in cross-border e-commerce race
A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding Ltd and Amazon.com Inc catering to shoppers` fears about the quality and safety of local everyday goods.
Feb 26, 2015, 09:38 AM IST
Alibaba's Jack Ma seeks to reassure employees over US lawsuits
A series of lawsuits have been filed in the United States after an unusually public fracas with a Chinese regulator last month over the issue of fakes being sold on Alibaba`s websites.
Feb 13, 2015, 23:50 PM IST
Alibaba's Jack Ma dethroned as China's richest by solar magnate: Report
Alibaba Group Holding Ltd`s Jack Ma is no longer China`s richest man, according to a report on Tuesday, with the top spot snatched by Li Hejun, a solar energy entrepreneur whose Hanergy Holding Group Ltd has come under fire for its intragroup dealings.
Feb 03, 2015, 18:33 PM IST
S.Korea's SM Entertainment denies report of Alibaba stake buy
South Korea`s S.M. Entertainment Co on Tuesday denied a media report saying Alibaba Group Holding is considering an investment in the leading K-Pop agency through a stake buy.
Nov 25, 2014, 09:39 AM IST
Alibaba open to working with PayPal: Report
Alibaba Group Holding Ltd is open to working with eBay Inc`s PayPal to expand its payment options, Bloomberg reported, citing an interview with the Chinese e-commerce company`s vice chairman.
Nov 12, 2014, 10:21 AM IST
