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E-Commerce

Alibaba Group May Take B2B Division Private as Part of Yahoo Deal

According to Reuters, the Alibaba Group is planning to privatise its Hong Kong-listed B2B subsidiary, Alibaba.com. The Chinese e-commerce giant is in the process of securing a loan worth US$3 billion from six major banks. Alibaba will use a combination of loans and internal cash as well as an asset swap to buy back a portion of the 40% stake ... Read More »

Yelp Reports Wider Loss for 2011

Yelp Inc., the user-generated review site that’s planning an initial public offering, reported a wider loss in 2011 after increasing spending to attract reviewers and make the service easier to use. Yelp had a $16.9 million loss last year, compared with a loss of $9.74 million in 2010, according to a regulatory filing. Marketing and product-development spending both increased more ... Read More »

Ariba in Partnership with Thomas Industrial Network

Ariba, Inc. (Nasdaq: ARBA) today announced that it is joining forces with Thomas Industrial Network to connect more buyers and sellers around more commerce in the fast-growing category of industrial MRO. Under the terms of a newly-formed partnership, Thomas Industrial Network (ThomasNet.com), will offer services to enable the more than 650,000 suppliers that it currently supports to do business on ... Read More »

Yahoo: Jerry Yang Resigns

Yahoo! Inc. (NASDAQ: YHOO) announced that Jerry Yang has resigned from its Board of Directors and all other positions with the company, effective today. In addition, Yang resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, effective today. Yang stated that the time has come for him to pursue other interests outside of Yahoo! Yang co-founded ... Read More »

J.P. Morgan Expects Strong Internet Growth Especially in E-commerce

The equity research team of influential Wall Street player J.P. Morgan expects a strong performance for the online industry in 2012, with strong growth prospects due to the continued popularity of smartphones and tablets and a strong trend towards social and local. Such a forecast would point towards naming Facebook and Google as the strongest prospects, but J.P. Morgan thinks ... Read More »

Alibaba Taps into Lead Banks for 4bn Funding

According to Business Week four lead banks are preparing a loan for Alibaba Group Holding Ltd. are considering bringing in as many as four more lenders to help arrange the facility.  Credit Suisse Group AG, DBS Bank Ltd., Deutsche Bank AG and Mizuho Corporate Bank Ltd. are arranging the loan.  Alibaba is seeking to buy back the 40 percent stake ... Read More »

Alibaba Group Hires Washington Lobbying Firm

Alibaba Group has hired the Washington based Duberstein Group as an indication that it may be serious in making a bid for Yahoo should talks fail to unwind the Yahoo – Alibaba Asian partnership.  The registration was received by a U.S. Senate office on Dec 23 and then posted online, but the lobbying work likely began earlier. Under U.S. law, ... Read More »

Indian Internet Subscriber Base Crossed 100 Million

The Economic Times of India heralded the news as a 100 million opportunity for investors, e-commerce, devices and telephony.    As soon as the announcement was made people started to query the number. IAMAI (Internet and Mobile Association of India) stated that the100 million thresholds were crossed in November of 2011, while Internet Stats India says this happened in December of ... Read More »

Alibaba Ventures into Social Media

E-commerce group, Alibaba Group, launched a new social networking platform, Laiwang, which is now in its beta (test) version. According to information on the website, the new platform is also available for smartphones running on both the Android and Apple’s iOS platforms. An Alibaba spokeswoman confirmed the new platform’s testing phase without providing further details. Media reports suggest Laiwang bears ... Read More »

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 »