Tag: Alibaba

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  • Las Vegas newspaper

    Alibaba Buys South China Morning Post For $266 Million

    Chinese tech giant Alibaba announced last week that it is buying the South China Morning Post, the leading English-language daily newspaper in Hong Kong. On Monday, the company announced the acquisition came at a cost of $266 million. Alibaba is buying the SCMP Group for HK$2.06 billion ($266 million), just slightly more than the $250 […]

  • Yahoo Sale of core business could be around the corner

    Yahoo Is Considering A Sale Of Core Business And Marissa Mayer’s Future Is Being Questioned

    The board of Yahoo Inc will consider a sale of its core Internet business when it meets this week. The company’s leaders are currently discussing its future and the direction CEO Marissa Mayer is taking the struggling technology firm. The Wall Street Journal first reported the possible sale of the Internet business late on Tuesday. […]

  • Jack Ma and Alibaba

    Alibaba’s Jack Ma In Talks To Buy Newspaper

    Alibaba founder and CEO Jack Ma is reportedly in talks to purchase the South China Morning Post, an English speaking newspaper. Bloomberg reported the talks Monday, citing two people familiar with the matter. Newspaper acquisitions are becoming a popular topic among internet tycoons these days. Jeff Bezo’s purchased the Washington Post for $250 million, while Facebook […]

  • Alibaba Sales

    Alibaba Profit Up 32% To Beat Analysts

    E-commerce giant Alibaba Group Holding surprised analysts by posting a 32% rise in second-quarter revenue. Goods transacted on its platforms grew at a slower pace than expected. Revenue hit 22.17 billion yuan for the quarter ended September 30. Analysts had expected an increase of 21.25 billion yua. Following the good news shares at the compan […]

  • Alibaba Blacklist for Counterfeit Goods

    Alibaba Is Lobbying To Stay Off U.S. Blacklist For Selling Counterfeit Goods

    Chinese e-commerce giant Alibaba Group is lobbying hard to remove itself from the U.S. Trade Representative’s blacklist. The company has long been under fire for selling goods suspected of being counterfeit. While being included on the USTR’s annual list does not carry direct penalties, it also doesn’t help a company’s consumer perception. It could also hurt […]

  • Suning and Alibaba Form Partnership

    Alibaba Invests In Suning Stores And Investors Are Loving It

    Alibaba is the world’s largest online marketplace and Suning is a large-scale China-based chain of electronics stores. When the two companies came together on Monday, investors noticed. Alibaba shares rose by more than 2% in after-hours trading, while the Shenzhen-listed Suning surged to the maximum 10% limit on Tuesday. The companies plan to link their online […]

  • Alibaba Hires Michael Evans to help with expansion

    Alibaba Hires Goldman Sachs Executive Michael Evans To Serve As President

    Alibaba Group Holding LTD. has hired former Goldman Sachs Group Inc partner Michael Evans to oversee the e-commerce company’s international expansion. Evans spent more than 20 years at Goldman Sachs. His positions included vice chairman and head of Asia. He has sat on the Alibaba board since mid-2014. Alibaba is the largest e-commerce portal in China. The […]

  • Ant Financial Market Valuation

    Alibaba Spin-Off Ant Financial Is Now Worth $50 Billion

    Ant Financial, the online payment service spun out of Alibaba in 2011 is now valued at $50 billion after reportedly closing a Series A round. TechCrunch says the actual financing was not disclosed, but the tech site places a valuation between $45 billion and $50 billion. Ant Financial is Alibaba’s finance affiliate, running the payments service […]