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Cyberspace Administration of China Fines Tencent Holdings, Baidu Inc. and Alibaba Group Holding

Chinese internet regulators said they have fined operators of three of the country’s biggest social-media platforms with the maximum fine allowable under a new cybersecurity law for hosting fake news, pornography and other forms of banned content. The Cyberspace Administration of China didn’t disclose the amount of the fines handed down to the platforms, which are owned in whole or part by ... Read More »

E-commerce India: Alibaba has its Eyes on BigBasket

Alibaba, Paytm Could Make Joint Investment In BigBasket Alibaba and India-based digital payment company Paytm are gearing up to invest around $200 million in Indian online grocer BigBasket. According to a report in VCCircle, citing people familiar with the matter, an announcement about the investment could come any day. With the investment from the online retail platform and the eWallet ... Read More »

Zhejiang Netsun’s Revenues Up 39% in First Half of 2017

Shenzhen-listed Zhejiang Netsun reported revenues of US$26 million for the six months ended 30th June 2017.  This represents a year-on-year increase of 39%. Profits in the period were US$2.0 million, representing growth of 8.2% compared to the same period in 2016. Diluted earnings per share in the first half of the year were RMB0.05 (US$0.0074). According to Netsun’s management, the ... Read More »

HC International’s First Half of 2017 Revenues up 188%

Hong Kong-listed HC International revenues jumped 188% in the six month period ending June 30th, 2017, reaching US$198 million.  Profit in the first half was US$16 million which represents an increase of 270%. Diluted earnings per share were RMB 0.1039 (US$0.015). HC International’s largest business, its B2B trading platform, generated revenues of US$69 million. That represents about 35% of total ... Read More »

Baidu to Send Mobile Search Users in JD.Com’s Way

Baidu reached a deal with Chinese eCommerce company JD.com in which it will send users looking for products online in JD.com’s way. According to a report in Bloomberg, under terms of the deal users who are looking for product information on Baidu’s mobile search app will be able to access a section in which they can purchase products right from ... Read More »

Alibaba earnings: Expect a boost from better spending trends in China

E-commerce site Alibaba Group Holding Ltd. is expected to benefit from improved spending trends in China. According to the National Bureau of Statistics of China, e-commerce sales growth has grown to 41% year-over-year for the second quarter of the calendar year, up from 37% in the previous quarter. MKM Partners predict that this macro growth will add 400 basis points ... Read More »

Alibaba Appears to Dominate B2B in India

Indian B2B trade platforms have been around for some time.  TradeIndia and IndiaMart took advantage of the internet to cater to this segment of users when few really understood how to even approach the internet. Later still, companies like WYDR came around that tried to simplify B2B trade even further. The following graphs provide an overview of how reach by ... Read More »

Alibaba Is Taking On Alexa, Google Home, DingDong and Little Fish with New Smart Speaker

In its latest effort to keep up with its American big brother Amazon, Alibaba has announced the debut of its own smart home speaker. With this addition, each of the Frightful Five will have its own voice-controlled speaker:  Amazon with its Echo family of devices; Google with the Home speaker; Apple with its new HomePod; Microsoft with the Cortana-powered Invoke ... Read More »

Alibaba to Bring US Businesses Online to China

Riding on the coattails of its first annual conference in Detroit aimed at connecting U.S. businesses with Chinese consumers, Alibaba Group has launched a new website to support the effort. Dubbed the Taobao Global U.S. Merchants Network, the company said it will provide small and medium-size businesses in the U.S. with access to more than 500 million consumers that are ... Read More »

ONLINE & MOBILE INDUSTRY 1ST HALF 2017 Mergers and Acquisitions Trend Report

M&A MARKET OVERVIEW: 1ST HALF 2017 KEY HIGHLIGHTS The largest E-Commerce deal in 1st Half 2017 was PetSmart’s acquisition of Chewy, an online retailer for pet products, for $3.35 billion. There were 242 fi nancially sponsored transactions with an aggregate value of $17.74 billion, representing 17 percent of the total volume and 32 percent of the total value, respectively. 1ST ... Read More »

E-commerce:  Amazon To Invest More In India

Jeff Bezos, the chief executive of Amazon, plans on continuing to invest in India in an effort to stay in lockstep with competitors who have been pouring billions of dollars into companies in the country. Softbank and Alibaba are two examples of companies that have been investing in India with the two backing Paytm, India’s leading digital payment company. Meanwhile ... Read More »