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Tag Archives: Alibaba
Taobao Surpasses 1.2 million Users in Hong Kong
Hangzhou-based e-commerce giant, the Alibaba Group announced that its consumer-focused platform, Taobao, has surpassed 1.2 million registered users in Hong Kong as of September this year. The closely followed the announcement in June this year after Taobao Hong Kong broke … Continue reading
Posted in Alibaba, China, E-Commerce, Hong Kong, Taobao, Users of Information
Tagged Alibaba, Taobao
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Alibaba Mulls Stake in Sina Weibo
According to various media reports, China’s largest e-commerce company, Alibaba Group, is planning to buy a stake in NASDAQ-listed Sina’s Weibo, one of China’s most popular microblogging services. Weibo, China’s equivalent of Twitter, is reportedly valued at around US$2 billion … Continue reading
Alibaba Second Quarter Net Income Doubles as Chinese Consumers Go Online for Goods
Alibaba’s second quarter revenue grew 71% to $1.08 billion from $631.2 million. Net income jumped to $273 million in the three months ended June 30, from $118.9 million in the same period a year earlier. The big jump in the … Continue reading
Posted in Alibaba, Taobao, Tmall, Users of Information
Tagged Alibaba, Alobaba Q2 Income Doubles, Taobao
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Yahoo: How to Spend US$ 6.2bn?
Yahoo sold half of its holdings in Alibaba for about $7.6 billion. Yahoo received approximately US$6.3 billion in cash and US$800 million in preference shares in Alibaba Group. Concurrent with the initial repurchase, Alibaba Group paid Yahoo a one-time cash … Continue reading
Posted in Alibaba, China, E-Commerce, United States, Yahoo
Tagged Alibaba, Marissa Mayer, Yahoo
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Alibaba Buys Half Of Yahoo’s Stake
Alibaba Group has completed the initial repurchase of shares from Yahoo for about $7.6 billion. The closing follows the May 20, 2012 announcement by Alibaba Group and Yahoo of a plan for Yahoo to reduce its stake in Alibaba Group … Continue reading
Posted in Alibaba, China, E-Commerce, Hong Kong, Online - Media - Buyer - Seller Conduits, United States, Yahoo
Tagged Alibaba, e-Commerce, Yahoo
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Taobao Kicks-off Expansion Plans in Hong Kong and Taiwan
Alibaba Group’s consumer-focused e-commerce platform Taobao is looking to expand its operations outside China in the near future. Taobao reportedly announced at a press conference this month that the company has already attracted close to two million users in Greater … Continue reading
Posted in Alibaba, China, E-Commerce, Hong Kong, Online - Media - Buyer - Seller Conduits, Online Comparison Shopping, Taiwan, Taobao, Taobao.com
Tagged Alibaba, Taobao
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Alibaba-Yahoo Deal In the Making
The Alibaba Group will pay its key shareholder, U.S.-based Yahoo! Inc., US$7.6 billion to buy back a 20% stake in the company as a result of the agreement reached in May this year. Yahoo is expected to receive US$7.1 billion … Continue reading
Posted in Alibaba, China, E-Commerce, Online - Media - Buyer - Seller Conduits, Yahoo
Tagged Alibaba, Yahoo
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Alibaba Eyes Online Financing Partnership
According to media reports, Alibaba Group chairman and CEO, Jack Ma, is looking to establish a joint venture to create an Internet-based financing business. The two other partners involved are reportedly represented by Ma Huateng, founder and CEO of Chinese … Continue reading
Posted in Alibaba, China, Consumer Credit Information, E-Commerce
Tagged Alibaba, AliLoan, Credit Reference Cernter China, Jack Ma, Microfinance
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Alibaba Group’s Revenues and Net Income Soars – Consumers Switch to Internet
Alibaba’s revenue grew 64% to $805.9 million from $490.9 million. Net income jumped to $220.5 million in the three months ended March 31, 2012, from $29.6 million in the same period a year earlier. Alibaba Group’s net income grew more … Continue reading
Alibaba Group Splits into Seven New Units
The Alibaba Group has announced a reorganization splitting the company into seven major business groups. The seven groups will be made up of online shopping marketplaces (1)Taobao.com, (2)eTao, (3)Tmall.com, (4) Ju Hua Suan, (5) Alibaba International Business Operations (formerly the … Continue reading