Alibaba Group
Alibaba Singles' Day tops $30 billion but growth rate plunges
Sun, Nov 11, 2018
Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles` Day, but the event`s annual growth dropped to its slowest-ever rate.
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Alibaba founder Jack Ma was not the No. 1 billionaire in China! Check what happened now
Wed, Oct 10, 2018
With 270 billion yuan (USD 39 billion) in wealth, Jack Ma's family became the richest in China, dethroning Evergrande Chairman Xu Jiayin, whose wealth fell by 40 billion yuan to 250 billion yuan, (about USD 36 billion), the state-run China Daily reported on Wednesday.
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Alibaba, Foxconn lead $350 million funding in electric car startup
Mon, Jan 29, 2018
Xiaopeng, which debuted its electric car at CES in Las Vegas this month, is one of several Chinese start-ups looking to speed up development of battery-powered technology and compete with global leaders including Tesla Inc.
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US blocks MoneyGram sale to China's Ant Financial on national security concerns
Wed, Jan 03, 2018
The US government has toughened its stance on the sale of companies to Chinese entities, at a time when Trump is trying to put pressure on China to help tackle North Korea`s nuclear ambitions and be more accommodative on trade and foreign exchange issues.
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Japan's SoftBank plans to increase stakes in India's e-commerce biz; looks to play consolidator in online shake-up
Sun, May 07, 2017
Japan's SoftBank is seeking to secure a piece of India`s industry leaders in everything from payment systems to online shopping and groceries, in a series of deals that would shake up the $65 billion sector, cited the sources with direct knowledge of the matter.
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Paytm enters Canada's market; starts App for utility bill payments, insurance & property taxes
Fri, Mar 17, 2017
Paytm enters into Canada market by launching Paytm Canada App, which will allow users from the country to pay for their cell phone, cable, internet, electricity and water bills alongwith insurance and property taxes.
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Snapchat owner Snap raises $3.4 billion in IPO -source
Thu, Mar 02, 2017
The successful IPO pricing clears a major hurdle for Snap, which will go public without having yet turned a profit. The company`s losses widened last year, and it is experiencing decelerating user growth in the face of intense competition from larger rivals such as Facebook .
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China third-party mobile payments climbs to $5.5 trillion
Sat, Feb 25, 2017
A survey by Nieslen, a US-headquartered global information data and measurement company, showed that about 86% of Chinese consumers paid for online purchases with mobile apps, far outnumbering that of other countries, it said.
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Ghosts of past tech IPOs could haunt Snap's performance
Sat, Feb 25, 2017
Globally, shares of most of the 25 largest technology IPOs have languished in their first 12 months on the public market, with 16 of them notching a hefty decline from their debut day closing price, according to a Reuters analysis of market performance. Eight of the 10 biggest fell by between 25 percent and 71 percent.
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