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Alibaba is Preparing an Offer to Take Over Yahoo

Alibaba and Softbank Corp. are said to be in advanced talks with Blackstone Group LP and Bain Capital LLC about making a bid for all of Yahoo. Yahoo’s stock rose as much as 4.8 percent on the prospect of a bid from a group led by Alibaba Group Holding Ltd. Alibaba Chief Executive Officer Jack Ma said in October that ... Read More »

Alibaba.com Profits Up 12% in Q3 2011

Hong Kong-listed B2B e-commerce platform, Alibaba.com released its results for the quarter ended 30th September 2011, with revenues seeing an increase of 11% over the same quarter last year to US$251 million. Alibaba.com’s International Marketplace generated 59% of total revenues (US$149 million), a 12% year-on-year increase which the company attributed to revenue growth from Value-Added Service (VAS) and contributions from ... Read More »

Global Sources Reports Strong Results in Q3 – Revenues up 19%

NASDAQ-listed Global Sources released its third quarter results ended 30th September 2011 this week. The company reported revenues were US$47 million, an increase of 19% compared with the same quarter in 2010. Net profit attributable to the shareholders was US$3.96 million in the quarter, an impressive growth of 90% over the third quarter of 2010. Online revenues of US$30 million ... Read More »

Yahoo Moves to Be Taken Private

According to Reuters, the Yahoo sale moves forward as private equity firms agree to confidentiality agreement.   The California-based Internet pioneer said potential buyers had to sign an agreement by Friday to be allowed a close look at Yahoo’s finances. The Friday deadline could be extended into next week, however, to provide more time for other firms to sign on, the ... Read More »

Alipay to Serve International Customers

Hangzhou, 1st November: According to a report on Penn-Olson, Alibaba Group’s online payment platform, Alipay, will launch a new service to process international payment later this month. The new service will be named Alipay Express, and will partner with a “major recognised brand of bank” that will also be involved with the new launch. Alipay Express is reportedly based closely ... Read More »

Alibaba Seeks Allies for Yahoo Bid

Jack Ma, COE of Alibaba Group Holding has restated his intentions to look for partners to acquire Yahoo Inc. according to a report in the Wall Street Journal (Oct 21-23, 2011 issue).   A takeover of Yahoo Inc. would be by far the most ambitious move abroad by the Alibaba Group.   It was said that a potential takeover of Yahoo by Alibaba ... Read More »

Alibaba Raises Fees and Faces Internet Protests

Steep rises in pricing entails risk – even for the market leader.  Alibaba Group has triggered internet protests of small online vendors by introducing steep fee increases on its business-to-consumer site, highlighting the weight the e-commerce group carries in the Chinese economy. Close to 50,000 people were logged in on Thursday to an online voice chatroom for small vendors on ... Read More »

Alibaba to Invest US$282 Million in Tmall.com

Hangzhou, 17th October: The Alibaba Group announced its latest plan to invest RMB 1.8 billion (US$282 million) to its B2C subsidiary, Tmall.com (Taobao Mall), in an effort to assist small- and medium-sized enterprises. The announcement was made after China’s Ministry of Commerce (MOFCOM) reportedly stepped in to mediate an online protest staged on Taobao Mall by small business owners after ... Read More »

Yahoo Co-Founder Jerry Young Considers Buyout

Yahoo co- founder Jerry Yang would like to take the $20 billion company off public markets, according to people familiar with the situation.   There are many reasons for Yang exploring this new avenue:  Yahoo is punished by Wall Street for not being a growth company and its low stock price has enticed others to consider a takeover of Yahoo: Jack ... Read More »

Alibaba Said to Tap Temasek Funding to Buy Stake From Yahoo

According to Bloomberg Businessweek Alibaba Group Holding Ltd. has talked with Singapore’s Temasek Holdings Pte about providing financing to buy out Yahoo Inc.’s 40% stake in Alibaba.  Recently Alibaba’s founder and CEO, Jack Ma stated that he was interested in buying Yahoo Inc.   He is obviously working on various options to dissolve Alibaba’s cumbersome relationship with Yahoo. Source:  Bloomberg Businessweek Read More »

Taobao Mall Company Forms Alliance with Rival Web Retailers

Taobao, a unit of Alibaba Group Holding, Ltd announced that it would allow 38 Chinese online retailers to open virtual stores on its site.  According to the Wall Street Journal Taobao embracing smaller retailers marks a new strategy for the company, which in the past has focused on hosting stores for retail brands.   The new strategy is designed to battle ... Read More »

Alibaba.com Unveils Supplier Verification Measures

B2B e-commerce platform Alibaba.com announced last week a series of new measures designed to tackle fraudulent sellers on its international sourcing website. The new measures at in response to the uncovering of approximately 100 Alibaba.com sales staff found to be involved with or responsible for over 2,300 fraudulent vendors on Alibaba.com in February this year. The new program will include ... Read More »