Alibaba News
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Car shoppers in Guangzhou, China now have the ability to buy or try a car using a smartphone app and a car vending machine. The facility came out of a partnership signed two years ago between Ford Motors and Alibaba.
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Amazon and Alibaba together are the largest e-commerce companies on the globe. Together, their market cap is a whopping $1.1 trillion — and both are competing to expand their global reach.
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An AI program by China's Alibaba Holdings based on a deep neural network model has scored higher than humans in a reading comprehension test. As a result, bots may be developed to replace humans employed in customer service positions.
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By AFP
Bejing -
Ant Financial, an affiliate of Chinese internet titan Alibaba, has been forced to abandon a $1.2 billion deal to buy US remittances firm MoneyGram after failing to get approval from regulators in Washington.
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By AFP
Shanghai -
China's smartphone-wielding masses unleashed billions of dollars in e-commerce spending Saturday as they rushed to snap up bargains on "Singles Day", billed as the world's biggest one-day online shopping festival.
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By AFP
Xuzhou -
Workers wielding screeching hand-held wood sanders toil overtime in Cheng Huaibao's bunk bed factory, rushing to prepare for the wave of orders about to break on manufacturing businesses like his across China.
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Hangzhou -
The Chinese giant firm Alibaba has announced that it will invest $15 billion over the next three years into cutting edge technology including artificial intelligence (AI) and quantum computing.
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By AFP
Shanghai -
Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing.
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By AFP
Bejing -
Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping.
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By AFP
Chinese shoppers unleashed a record deluge of cash online for Singles Day on Friday, Alibaba said, spending almost $18 billion with the e-commerce giant in the world's biggest online shopping promotion.
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Sydney -
This could be a great idea, or a gift for every Photoshop-inclined criminal hacker on Earth. The theory is that instead of passwords, you use a picture of yourself to pay for things. The logic takes a bit of getting used to.
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Yahoo has changed its mind and will not spin off its stake in Alibaba. Instead, Yahoo will spin off its core Internet business.
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By AFP
Hong Kong -
Chinese Internet tycoon Jack Ma's mooted buyout of Hong Kong's struggling South China Morning Post could see the paper prosper from his Midas touch, analysts say, but also further erode its independence and with it the city's press freedoms.
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And the IMF has a point. The Fed may be anxious to raise rates but for all their talk they haven’t rolled out the data to back that position.
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Twenty-eight years ago Monday, the Dow Jones Industrial Average crashed; a one day loss of 508 points, or 22.6 percent, down to 1,738 on what is now referred to as Black Monday. It was by far the largest one-day percentage drop in US stock market history.
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Most people generally consider fraud on an individual basis, but the truth is that much fraud is actually perpetrated as company policy using false information in an effort to misrepresent the value of the company.
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Washington -
Chinese tech giant Alibaba Holdings Inc. moved closer to becoming a public company in the United States on Tuesday when it filed its IPO prospectus with the US Securities and Exchange Commission.
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By AFP
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Jack Ma, the billionaire founder of Chinese e-commerce giant Alibaba, is to pay $531 million for a stake in a domestic software developer for the financial industry, a statement said.
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By Reuters
Tango, the mobile messaging app-maker, announced Wednesday it has raised $280 million in a new funding round led by Chinese e-commerce giant Alibaba Group Holding Ltd.
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By Reuters
After a year of waiting, the man running what could be the biggest-ever technology IPO finally lost patience with Hong Kong.
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By Reuters
Chinese e-commerce company Alibaba Group Holding Ltd is leaning toward listing its shares on IntercontinentalExchange Group's New York Stock Exchange instead of Nasdaq OMX Group's exchange, according to the Wall Street Journal.
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By Reuters
Chinese e-commerce giant Alibaba Group Holding Ltd will hold the kickoff meeting for its planned U.S.
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By AFP
New York -
In picking the US to launch initial public offerings rather than their home market, Chinese technology companies Alibaba and Weibo are opting for maximum visibility and access to capital.Alibaba, an e-commerce giant that blends elements of Google, eBay...
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By Reuters
Hong Kong's stock exchange needs to find ways to be more competitive as a listing venue for technology companies, without rushing into any decisions, the head of the exchange operator said on Monday, a day after Chinese e-commerce...
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Chinese e-commerce giant Alibaba has announced plans for a flotation in the U.S. The aim is to extend the global reach of the tech company.
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By Reuters
Chinese e-commerce giant Alibaba Group Holding Ltd has decided to hold its long-awaited IPO in the United States and is in discussions with six banks to underwrite the deal, in what i...
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By AFP
Hong Kong -
Chinese e-commerce giant Alibaba confirmed on Sunday it plans to list in the United States after ruling out Hong Kong and London. "Alibaba Group has decided to commence the process of an initial public offering in the United States.
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By Reuters
China's e-commerce giant Alibaba Group Holding Ltd is planning a U.S. IPO in the third quarter of this year, people familiar with the matter told Reuters, in what is the expected to be a more than $15 billion deal.
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By AFP
New York -
The huge stock offering planned by Chinese e-commerce giant Alibaba is being prepared for New York, media reports said Friday.The Wall Street Journal and The New York Times, citing unnamed sources, said Alibaba had decided on New York after ruling out ...
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By Reuters
Chinese e-commerce giant Alibaba Group Holding is "95 percent certain" to choose New York as the venue for its initial public offering, the Financial Times reported on Thursday, citing unnamed sources close to the deal.
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Alibaba Image
TECH GIANT: Photo shows Alibaba Group headquarters in Hangzhou, China. Thomas Lombard/Wikimedia Commons
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