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Executives from Alibaba Affiliate Ant Visit Silicon Valley to Seek Investment Opportunities

9 Dec alibaba

By Aastha Chugh, The Tech Portal

A team of executives from Alibaba Group Holding Ltd.’s banking and payments department recently visited Silicon Valley to look for potential investments. The visit is also said to have been made with an eye upon Ant’s initial public offering which is expected to come in 2017. (more…)

Thailand and Alibaba Group Sign Agreement to Help Thai SMEs Succeed in Online Commerce

8 Dec alibaba

Thailand’s Deputy Prime Minister Somkid Jatusripitak and Alibaba Group’s Executive Chairman Jack Ma today witnessed the signing of a Letter of Intent that will see Thailand and Alibaba cooperate on a range of initiatives to develop e-commerce in the country through providing training to SMEs and individuals, and exploring ways to enhance the country’s logistics capabilities to support Thailand 4.0 and Digital Economy strategies. (more…)

Alibaba’s YunOS Gaining Popularity in China

29 Nov alibaba

Alibaba’s mobile operating system YunOS will have 14% of the Chinese market by the end of the year, making it the second-largest mobile OS in China after Google’s Android, the South China Morning Post reported. Shipments of YunOS-powered smartphones this year are expected to exceed 100 million units. (more…)

Alibaba Looking to Diversify Offerings as Steady Growth Predicted for the Near Future

26 Nov alibaba

By Aastha Chugh, The Tech Portal

The year seems to be particularly kind to e-commerce stores. Couple that — pun intended — with the recent Singles Day and Chinese e-tailers at least, are very happy. Earlier this month, China’s biggest e-commerce player, Alibaba had announced that merely 20 hours into the Singles Day event and it had managed to top its last year’s sales record of $14.3 billion. According to predictions, this huge income this Singles day wasn’t just a one time phenomenon. (more…)

Alibaba to Ramp Up Its Presence in Cloud with Four New, International Data Centers

23 Nov alibaba

By Mudit Mohilay, The Tech Portal

Alibaba Cloud is looking to add to its capabilities. The cloud arm — that sound strange? — of the Chinese behemoth is opening up four brand new facilities, according to a recent announcement from Alibaba Holdings limited. The new facilities come as part of the company’s $1 billion infrastructure investment drive. (more…)

Alibaba Sets a New Record for Singles Day Sales

15 Nov 140507-alibaba-office-624x394

Alibaba Group has posted a record 120.7 billion yuan (US$17.79 billion) in gross merchandise volume (GMV) on China’s Singles Day, up 32% from a year ago, but much lower than the 60% expansion seen in 2015. (more…)

Alibaba Sees Record Breaking Sales on Singles day, Expects to Clock $20 Billion

14 Nov 140507-alibaba-office-624x394

By  Aastha Chugh, The Tech Portal

It’s Singles Day again folks, the time when China loses its mind and goes on a shopping spree. This year seems to be particularly kind to e-commerce stores. China’s biggest e-commerce player, Alibaba has announced that merely 20 hours into the event and it has already managed to top its last year’s sales record of $14.3 billion.

(more…)

Despite China’s Slowdown, Alibaba Performs Well in Fiscal Second Quarter

3 Nov alibaba

On Wednesday Alibaba said its sales rose 55 percent to $5.14 billion in its fiscal second quarter from the same period in 2015. Net profit decreased 69 percent from a year ago, to $1.06 billion, because of a one-off accounting gain in 2015. (more…)

Why is Alibaba’s Singles’ Day Sale Going to Last for 24 Days This Year?

28 Oct 140507-alibaba-office-624x394

Alibaba has announced that its blockbuster Singles’ Day shopping festival will be held over 24 days this year. In the past the event was held over just a single day – November 11. (more…)

Smartisan CEO Buys Back Shares He Pledged to Alibaba

26 Oct alibaba

Smartisan Technology CEO Luo Yonghao has bought back the shares that he pledged to Alibaba three days after the release of the Smartisan M-series, according to China’s National Enterprise Credit Information Disclosure System. (more…)