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Alibaba Bails Out Lazada in a One Billion Dollar Bet on South East Asia e-Commerce

Alibaba Group has agreed to buy a controlling stake in Southeast Asian online retailer Lazada Group for about $1 billion.  Lazada, founded by Germany’s Rocket Internet in 2012, is headquartered in Singapore and also operates in Malaysia, Indonesia, the Philippines, Thailand and Vietnam. Lazada saw revenue jump 81 percent to $190.0 million in the first nine months of 2015, while ... Read More »

Alibaba Expands in Southeast Asia with US$1 billion deal for Lazada

Alibaba will acquire a controlling stake in leading Southeast Asian online shopping platform Lazada for US$1.0 billion as the company seeks to expand outside its home market. Alibaba’s Taobao platform is estimated to have more than 90 percent of the consumer-to-consumer market in China, while its Tmall platform is believed to command more than half of business-to-consumer transactions.  But its ... Read More »

China Internet Finance Association Launched

Newly launched China Internet Finance Association draws 400 members.  Association becomes the regulator for the industry. The establishment of a national Internet finance association plays a crucial role for the healthy development of China’s burgeoning Internet finance sector, according to industrial insiders “Industrial rules should be introduced to regulate the Internet finance sector, which has already proved to be effective ... Read More »

Alibaba Eyes Big Expansion with $3 Billion Loan

China’s Alibaba Group Holding Ltd  on Thursday said it has signed a deal for a $3 billion five-year loan, which will help the e-commerce giant as it snaps up stakes in companies within China and overseas. Alibaba, led by founder Jack Ma, has been expanding in areas beyond its core e-commerce base, such as online video, as volume growth in ... Read More »

Alibaba Buys 5.6% Stake in Groupon

Alibaba disclosed in a regulatory filing that it has bought a 5.6 percent stake, or 33 million shares, in Groupon.  That sent Groupon shares soaring more than 41 percent to $4.08. U.S. shares of Alibaba rose $5.71, or 9.3 percent, to $66.61 It’s been a miserable few years for Groupon (GRPN), the once ballyhooed Internet deal company credited with starting ... Read More »

Alibaba Group Revenues Up 32% in Q4 2015

Alibaba Group announced its results for the quarter ended 31st December 2015.  The company reported total revenues of US$5.33 billion – up by 32% year-on-year.  The company also reported that US$149 billion of Gross Merchandize Volume (GMV) was transacted on Alibaba’s marketplaces – up by 23% year-on-year.  Mobile GMV reached US$100 million and now accounts for 68% of total GMV. ... Read More »

Bertelsmann Invests in India’s KartRocket

Bertelsmann is “stepping up” its activities in the Indian e-commerce market, with an investment in New Delhi e-commerce service provider KartRocket.  KartRocket announced 18th January that it had raised $6m in investment from Bertelsmann India among others. KartRocket helps SMEs by enabling merchants to go online under their own brand. It provides them with web and mobile-phone sites, payments and logistics capabilities and marketing ... Read More »

Alibaba Ups the B2B Ante on SME Access to Working Capital

Chinese eCommerce conglomerate Alibaba is once again bolstering its business-to-business capabilities.  Reports in the South China Morning Post on Jan. 13 said Alibaba revealed having more than 25 partnerships with credit rating agencies and financial institutions throughout the globe as part of its strategy to link SMEs on its platform with working capital. The collaborations mean small and medium-sized enterprises can use ... Read More »

Alibaba CEO Unveils New Expansion Strategy – Sets Up Second Company HQ in Beijing

In addition to global market expansion and penetration into China’s underserved rural market, Alibaba Group plans to bolster its already strong presence in China’s biggest cities. “Global import, rural e-commerce, and top-tier cities are the three key battlefields for Alibaba in 2016,” said Daniel Zhang, CEO of Alibaba Group. The three-prong expansion strategy is called “Alibaba everywhere”. The company’s first ... Read More »

Alibaba Set to Take-On Las Vegas by Staging Rival Consumer Electronics Show in Shenzhen

Alibaba will partner with German group IFA in staging consumer electronics show in April to rival the annual international CES event in Las Vegas Jack Ma, founder and chairman of China’s e-commerce giant Alibaba, addresses the closing ceremony of 2015 World Internet Conference in Wuzhen on December 18. Photo: Xinhua.  E-commerce giant Alibaba Group is making a big foray into ... Read More »

Alibaba Group Builds e-Commerce Ecosystem: Credit Reporting (Ratings), SME Financing, Credit Guarantees, Supplier Certification, Payment Systems and Logistics

Alibaba Enters B2B Credit Reporting:  Partners with Banks, Agencies to Introduce B2B Financing and Rating Services Alibaba founder Jack Ma Yun (fifth from left) is shown attending the opening ceremony of MYbank in Hangzhou, Zhejiang Province last June 25. MYbank had a registered capital of 4 billion yuan (US$655 million) and was created to focus on providing financial services for ... Read More »

Alibaba Group Acquires SCMP for HK$2.06 billion

Alibaba Group has entered into a definite agreement to acquire the South China Morning Post (SCMP). The agreement also includes acquisition of the magazine, recruitment, outdoor media, events & conferences, education and digital media businesses of SCMP Group Limited (SEHK: 0583). Alibaba has agreed to pay HK$2.06 billion (US$266 million) for SCMP Group for the SCMP and all other media ... Read More »

Alibaba Launches Entrepreneur-focused Funds

Alibaba Group has officially launched its Entrepreneur Funds in Hong Kong and Taiwan. These funds are a non-profit initiative designed to nurture companies in the start-up, growth and expansion phases. Apart from financial support, the funds will also help entrepreneurs access resources offered by Alibaba’s ecosystem including e-commerce, logistics, mobile platforms to cloud computing and financial services. Cindy Chow, a ... Read More »

Yelp Wins Major Lawsuit over Authenticity of its Reviews

Yelp Inc won a lawsuit by shareholders saying they were  misled about the authenticity and quality of its reviews, and whether Yelp manipulated those reviews to favor paying advertisers. District Judge Jon Tigar in San Francisco said reasonable investors would understand that not all Yelp reviews are real, particularly given the company’s admission that its technology to screen user-generated content ... Read More »

Alibaba Launches Online Platform SMILE for Indian SMEs

Indicating the importance it attaches to the Indian market, Alibaba Group Holding Ltd, which operates wholesale trading platform Alibaba.com, has launched an online platform, SMILE, exclusively for Indian small and medium enterprises (SMEs). SMILE, which stands for Small and Medium Industries Leveraging Export, will provide Indian SMEs access to global business trading counterparts as well as one-stop trading solutions including ... Read More »