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Category Archives: Alibaba
Alibaba Leadership Change
At the 10th anniversary celebration of Taobao.com Jack Ma, founder of Alibaba, stepped down as CEO and handing over the position of CEO to Jonathan Lu Zhaoxi. Ma first announced the decision on January 15 and Alibaba chose Ma’s successor … Continue reading
Alibaba to Acquire 20-30% Stake in AutoNavi
Alibaba Group is set to take a 20 to 30 percent stake in Chinese digital mapping and navigation firm AutoNavi Holdings Ltd. as it aims to boost its competitveness by beefing up its product line. Citing unidentified sources, news portal Sina said … Continue reading
Posted in Alibaba, China, E-Commerce, Mobile Services, Users of Information
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Alibaba Group’s Revenue up 80% in Q4
According to Yahoo’s latest regulatory filing, China’s largest e-commerce company, Alibaba Group, recorded revenue of US$1.84 billion in the fourth quarter of 2012 – up 80% over same period in 2011. Net income during the period was US$642.2 million, an … Continue reading
Alibaba Pays US$586 million for a 18% Stake in Weibo
Alibaba Group Holding Ltd. agreed to buy a stake of 18% in Sina Corp. (SINA)’s Weibo for $586 million, connecting China’s largest Twitter-like service with the nation’s biggest e-commerce company. Alibaba acquired preferred and ordinary shares and has the option … Continue reading
Posted in Alibaba, E-Commerce, Social Media, Social Networks, Uncategorized
Tagged Alibaba invests in Weibo, Sina Corp, Weibo
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Alibaba Joins Government to Tackle Piracy in China
Alibaba Group, announced it will partner with five key Chinese government and law enforcement agencies to fight pirated goods online and offline. These organizations will include the Ministry of Public Security, State Administration for Industry & Commerce, General Administration of … Continue reading
Alibaba Unveils Six New Models of Phones
Alibaba launched six new mobile phone models which run on the Aliyun system as it joined other Internet giants to tap growing demand for smartphones. Alibaba’s cloud computing unit will allocate 1 billion yuan (US$1.6 million) of subsidies this year … Continue reading
Posted in Alibaba, China, E-Commerce, Mobile Services
Tagged Alibaba launched six mobile phone models
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Alibaba in Deal with Melbourne IT
Alibaba has appointed Melbourne IT as a reseller. The agreement lets Melbourne IT expand the range of online services it offers to its small and medium business customer base in Australia and New Zealand. Melbourne IT provides domain names, web … Continue reading
E-Commerce: Alibaba and MasterCard sign MoU
Alibaba Group and MasterCard have signed a Memorandum of Understanding (MoU) agreeing to collaborate in e-commerce business in the future. Under the terms of the MoU, the two companies aim to join forces to establish an enhanced e-commerce environment to … Continue reading
Online Shopping Takes Hold in China with 300 Million Accessing Online Market Places
Online purchases made on two of China’s largest shopping websites, Taobao Marketplace and Tmall.com, increased by 600 percent last year, according to new figures published by its owner the Alibaba Group.
Alibaba Appoints New CEO
Jonathan Lu, who is both executive vice president and chief data officer of Alibaba Group picked as new CEO to replace founder Jack Ma in May this year.