Tag Archives: Alibaba

Black Friday deals lure US shoppers, biggest sales gains online

11 November, 2018 9:04 am 9:04 am

NEW YORK (Reuters) – Shoppers across the United States snapped up deep discounts on toys, clothing and electronics both online and at stores on Black Friday, giving retailers a strong start to their make-or-break holiday season. A healthy economy and Read More

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Alibaba nets record $30 billion in Singles’ Day haul, but growth rate...

11 November, 2018 9:31 am 9:31 am

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan (£23.8 billion) in sales during its last 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest rate. Shoppers Read More

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Tencent & Alibaba chase remittances in battle for Southeast Asia

09 September, 2018 8:49 am 8:49 am

JAKARTA (Reuters) – For Chinese tech giants Alibaba and Tencent , Southeast Asian domestic helpers in Hong Kong may prove key to their global ambitions in financial services. Both companies recently launched money-transfer services that allow Hong Kong-based workers from Read More

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Alibaba’s Jack Ma says US-China trade friction could last 20 years

09 September, 2018 3:20 pm 3:20 pm

SHANGHAI (Reuters) – Alibaba  chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be “a mess” for all parties involved, citing weak trade rules. Ma was speaking Read More

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As its trading debut looms, China’s Meituan locked in battle of super...

09 September, 2018 9:32 am 9:32 am

SHANGHAI (Reuters) – Meituan Dianping, which raised $4.2 billion in its Hong Kong IPO, is one of China’s super-apps, with 340 million users ordering groceries, paying bills, renting bikes and booking hotels – but it is far from alone. The Read More

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Alibaba’s Jack Ma to unveil succession plan next week, remain chairma...

09 September, 2018 9:34 am 9:34 am

BEIJING (Reuters) – Alibaba Group Holding Ltd’s  billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time Read More

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Alibaba co-founder Jack Ma to retire on Monday

09 September, 2018 9:16 am 9:16 am

BEIJING (Reuters) – Alibaba Group Holding Ltd’s co-founder and executive chairman, Jack Ma, will retire from the e-commerce company on Monday, as the former English teacher seeks to focus on philanthropy in education, the New York Times reported. Ma, one Read More

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Indonesia to work with Alibaba’s Jack Ma to increase exports: ministe...

09 September, 2018 8:53 am 8:53 am

JAKARTA (Reuters) – Indonesia will partner with Alibaba’s CEO Jack Ma to look into ways to use Alibaba’s ecosystem to increase its exports, particularly to China, its communications minister told Reuters . “We are also discussing how to work together Read More

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Berkshire Hathaway in talks to buy stake in India’s Paytm

08 August, 2018 9:34 am 9:34 am

OMAHA (Reuters) – Berkshire Hathaway Inc is in talks to invest about 20-25 billion rupees ($285.4-356.7 million) in India’s One97 Communications Ltd, the parent of digital payments firm Paytm, the Economic Times reported on Monday. Berkshire, the conglomerate run by Read More

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Mexico far from goal on Alibaba e-commerce deal

08 August, 2018 8:23 am 8:23 am

MEXICO CITY (Reuters) – Mexico’s deal with China’s biggest e-commerce company, Alibaba, to increase online business for exports like avocados and tequila needs the participation of dozens more companies to make it successful, an official at Mexican trade group Promexico Read More

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Alibaba merging China food delivery units to counter Tencent-backed Meituan

08 August, 2018 10:40 am 10:40 am

HONG KONG (Reuters) – Alibaba Group  plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, four people told Reuters. The Read More

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Alibaba to buy minority stake in Focus Media to tap digital marketing

07 July, 2018 9:18 am 9:18 am

HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd said it has agreed to acquire a minority stake in China’s Focus Media Information Technology Co Ltd  to tap into the digital marketing sector. Alibaba will acquire about 6.62 percent in Read More

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