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Posts Tagged ‘ Alibaba Group Holding Ltd. ’

Alibaba to buy majority stake in Rocket Internet’s e-com venture Lazada for $1B

Tuesday, April 12, 2016 | More »

Making its largest oversees acquisition, Chinese e-commerce titan Alibaba Group Holding Ltd has agreed to buy a controlling stake in Southeast Asia-focused horizontal e-tailer Lazada Group for about $1 billion. Alibaba will invest $500 million in newly issued shares of Rocket Internet-backed Lazada ...


Why Alibaba wants to invest in competing Indian e-tailers

Chinese e-commerce titan Alibaba Group Holding Ltd seems to be fixated on acquiring interests in Indian e-commerce majors, especially those that directly compete with its global rival Amazon Inc. After backing Snapdeal and Paytm, recent news reports suggest that Alibaba is making a beeline to invest...

4 February, 2016 | More »


Alibaba India 2014-15 revenue falls 15%, net profit slips a tad

The Indian unit of Chinese e-commerce titan Alibaba Group Holding Ltd has reported a 15 per cent drop in total income for the year through March 2015 but posted a net profit for a fourth year in a row. Total income of Alibaba.com India E-Commerce Pvt Ltd fell to Rs 17.93 crore from Rs 21.11 [&hellip...

10 December, 2015 | More »


Alibaba Q2 revenue soars 32% led by mobile

Chinese e-commerce titan Alibaba Group Holding Ltd said on Tuesday second-quarter revenue jumped 32 per cent, driven mainly by its mobile platform. Revenue for the July-September period rose to 22,171 million yuan, or $3.49 billion, from 16,829 million yuan a year earlier, the NYSE-listed company sa...

27 October, 2015 | More »


Paytm raises fresh funding from Alibaba, Ant Financial

One97 Communications Ltd, which runs mobile wallet and e-commerce venture Paytm, has raised an undisclosed amount in a fresh round of funding from NYSE-listed Alibaba Group Holding Ltd and existing investor Ant Financial. Ant Financial, a privately owned group firm controlled by Alibaba founder Jack...

29 September, 2015 | More »


Foxconn, Alibaba & others invest $500M in Snapdeal; eBay pares stake

Online marketplace Snapdeal  raised $500 million (Rs 3,250 crore) in fresh funding led by iPhone manufacturer Foxconn, Chinese e-commerce giant Alibaba and existing investor SoftBank. Its other existing investors Temasek, BlackRock, Myriad and PremjiInvest also participated in this round, as per a ...

18 August, 2015 | More »


Amazon scales past Wal-Mart and Alibaba as most valued retailer after Q2 earnings surprise

Amazon.com Inc posted a positive earnings surprise in the second quarter ended June 30, 2015 which set its share price on fire helping it scale past Wal-Mart and Alibaba as the most valued retailer. Wal-Mart is the largest retailer by sales while China’s Alibaba is the world’s top e-com...

24 July, 2015 | More »


Alibaba Group invests $590M in Chinese smartphone maker Meizu

China’s e-commerce giant has announced that it is investing over half a billion dollars ($590 million to be exact) in Meizu Technology Corporation Ltd, one of China’s leading smartphone manufacturers, for a minority stake. The investment will be subject to customary closing conditions. “The in...

9 February, 2015 | More »


China’s AliPay to pick 25% stake in One97

Ant Financial Services Group, China’s leading online financial services company that owns AliPay, is all set to acquire 25 per cent stake in Noida-headquartered mobile internet firm One97 Communications Ltd. The financials of the deal are not disclosed. Ant Financial, an affiliate of ChinaR...

5 February, 2015 | More »


Alibaba misses revenue forecast in Q3, stock tanks; Amazon surprises with profit in Q4, India vendor base rises to 16K

Global e-commerce giants and staunch competitors, Alibaba Group Holding Ltd and Amazon.com Inc reported 40 per cent and 15 per cent increase in revenue during the quarter ended December 31, 2014 over the year ago-period. While Alibaba’s revenue fell short of the street estimate of $4.45 billio...

30 January, 2015 | More »

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