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Posts Tagged ‘ Jack Ma ’

Alibaba smashes Singles’ Day shopping record

Friday, November 11, 2016 | More »

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Alibaba Group Holding Ltd. broke its Singles’ Day sales record with about four hours to spare, affirming the strength of the Chinese consumer despite the country’s economic slowdown, according to a report in Bloomberg. Sales on one of the world’s largest e-commerce platform reached $15 billion...

Alibaba

Alibaba Q2 revenue jumps; mobile, cloud computing user base grows

Chinese e-commerce giant Alibaba Group Holding Ltd has reported strong revenue growth for the second quarter led by its core business as well as the digital media and entertainment segment. Revenue rose 55% to 34.29 billion yuan, or $5.14 billion, for the three months through September from 22.17 bi...

3 November, 2016 | More »

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Bombay Shirt Company gets bridge funding; family offices of Jack Ma and Joseph Tsai to invest in India

Bombay Shirt Company has secured a bridge round of funding from Patni Group, while the family offices of Alibaba Group chairman Jack Ma and executive vice chairman Joseph Tsai may invest in Indian startups. Here’s a quick round up of the startup and technology stories of the day. Bombay Shirt ...

13 June, 2016 | More »

Alibaba

Can Alibaba still catch up with Amazon in India?

When Amazon.com Inc founder and CEO Jeff Bezos announced an additional $3 billion investment in India last week, the aim was not only to compete with local e-commerce players Flipkart and Snapdeal. Amazon was also seeking to gain an upper hand before China’s Alibaba Group establishes its prese...

11 June, 2016 | More »

Jack Ma

Alibaba vs Amazon – Who will win the India battle?

Over the past year or so, Jack Ma-led Alibaba Group has invested in Indian mobile wallet firm and online marketplace Paytm and e-commerce company Snapdeal. The Chinese e-commerce titan now plans to establish a direct presence in India this year, as it looks to expand outside its home market. Aliba...

21 March, 2016 | More »

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Jack Ma in India; Alibaba to help small local businesses

Looking to expand its presence in India, Chinese ecommerce giant Alibaba’s Chairman Jack Ma today met Prime Minister Narendra Modi, as he came on a visit to India for the second time in just about four months. In his meeting with Modi here today, Ma discussed how Alibaba can help empower small...

31 March, 2015 | More »

Jack Ma

Jack Ma warns of risks for Alibaba after big success in 2014

Alibaba’s founder Jack Ma on Tuesday warned that the e-commerce giant that made waves across the world in 2014 winning the eye popping record IPO of USD 25.1 billion, faced increased risks in 2015 and the tasks ahead “will be rather difficult”. Ma, the executive chairman of the Ali...

6 January, 2015 | More »

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Alibaba to increase investment in India: Jack Ma

Jack Ma, founder of world’s largest e-commerce firm Alibaba Group Holding Ltd who was in a short India visit as part of a Chinese business delegation, said on Wednesday that Alibaba plans to invest more in the Indian e-commerce ecosystem and work with Indian entrepreneurs. “At Alibaba we hav...

26 November, 2014 | More »

Jack Ma

Alibaba Q2 revenue up 54% to $2.7B, profit down 38.6%; mkt cap more than Walmart

World’s largest e-commerce firm Alibaba Group Holding Ltd has reported a 54 per cent increase in its revenues for the quarter ended September 30, 2014, to RMB 16.83 billion ($2.7 billion) over the prior-year quarter. Net income for the period, however, declined 38.6 per cent to $494 million. T...

4 November, 2014 | More »

Jack Ma

Alibaba bankers exercise green shoe option, pushes IPO to biggest ever worth $25B

Chinese e-commerce giant Alibaba closed its initial public offer (IPO) through issue of American Depository Receipts (ADR) on the New York Stock Exchange raking in a record $25 billion in the biggest ever public float of any company ever as its bankers exercised the underwriting option. The green-sh...

22 September, 2014 | More »

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