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Alibaba Group Holding News
Alibaba Group Holding
Alibaba Group Holding to buy luxury e-commerce business from Netease for $2 billion
Fri, Sep 06, 2019
Alibaba will buy e-commerce business Kaola from Chinese gaming company NetEase Inc for $2 billion, adding a platform that specializes in supplying luxury goods from abroad to Chinese consumers.
Alibaba kicks off global shopping fest in China
Sat, Nov 11, 2017
Held on China`s Singles` Day, which falls on November 11, Alibaba Group Holding Limited`s shopping extravaganza is among the largest shopping events in the world.
Alibaba's quarterly revenue beats estimates
Thu, May 18, 2017
Alibaba`s total revenue rose about 60 percent to 38.58 billion yuan ($5.60 billion) in the quarter ended March 31, versus an average forecast of 36 billion yuan according to Thomson Reuters.
Under pressure, Snapdeal woos staff with promises of profit
Tue, Apr 04, 2017
Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.
HSBC plans to add about 1,000 new employees to China unit in 2017, mostly in Pearl River Delta
Fri, Mar 24, 2017
HSBC has plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm in 2017 with most of them in the Pearl River Delta.
Alibaba acquires online ticketing platform Damai
Tue, Mar 21, 2017
China's Alibaba Group Holding has fully acquired online ticketing platform Damai.cn which has marked a further push into entertainment by the firm as it expands beyond its core online retail business.
Alibaba's payment affiliate Ant Financial planning to raise $2 to $3 billion in debt: Source
Thu, Feb 09, 2017
According to a source, Alibaba's payment affiliate Ant Financial Services Group is planning to raise funds of about $2 to $3 billion in debt to finance its acquisition of MoneyGram International Inc.
China November data to show steady growth, but yuan, capital controls a worry: Reuters poll
Tue, Dec 06, 2016
A flood of data from China in coming weeks is expected to show the economy continued to grow at a steady pace in November, with inflation quickening and credit expanding at a faster pace despite concerns about rising debt, a Reuters poll showed.
Private equity sees opportunity for growth in China's logistics sector
Wed, Aug 24, 2016
When US private equity heavyweight Warburg Pincus started looking at China's logistics sector in late 2009, there were more modern warehouses in Boston than in the whole of the world's most populous country.
Alibaba Group tells vendors to stop selling medicines
Tue, May 31, 2016
The directive only applies to drug sales on marketplace websites, Alibaba said.