Tag: Alibaba

Alibaba Doubles Up on Singles Day Revenue

Singles aren’t alone in China. Singles Day, a manufactured holiday for online shopping in China akin to Cyber Monday, drew in 82 percent of shoppers who spent an average of 1,577 yuan ($247 USD) on Nov. 11. In 2009, Alibaba...

/ November 23, 2015

Alibaba Takes Over Top Chinese Entertainment Company for $3.7 Billion

Shuang Shan Alibaba Group Holding Limited agreed last Friday to buy out Internet television company Youku Tudou Inc. for $3.7 billion in cash, at a premium price of $27.60 per share. Already holding 18.3 percent of Youku Tudou before the...

/ November 13, 2015

Alibaba Opens Second US Data Center in Billion Dollar Cloud Investment

Shuang Shan Alibaba Group Holding Limited’s cloud computing arm AliCloud opened its second Silicon Valley data center on October 9 as part of the e-commerce giant’s billion-dollar investment in its cloud computing business. The data center will help Chinese companies...

/ October 16, 2015

Major Chinese O2O Websites Merge in $20 Billion Deal

Shuang Shan Meituan.com and Dianping Holdings Ltd, two of China’s largest online local service platforms, have agreed to set up a new company—creating the largest Online to Offline (O2O) business in China. The merger, one of the largest deals ever...

/ October 9, 2015
Alibaba sign

$4.6 Billion Investment to Ally Alibaba with Suning Electronics Retailer

By Lauren Dodillet Alibaba Group Holding Ltd will invest $4.56 billion into Suning Commerce Group Co Ltd to accumulate a sum 19.99 percent share in the electronics company, a joint statement announced Monday. In return, Suning will purchase a 1.1...

/ August 13, 2015

Competing on the Edge: Chinese Conglomerates and Changes in Business Strategy

In the following excerpt from Edward Tse’s book China’s Disruptors: How Alibaba, Xiaomi, Tencent, and Other Companies Are Changing the Rules of Business, the founder and CEO of Gao Feng Advisory Company discusses current changes in the Chinese business environment:  Writing about...

/ July 21, 2015

Jack Ma Calls on Small US Businesses to Join Alibaba

by Natalie Polk Alibaba Group Holding Ltd.’s founder Jack Ma introduced his new globalization plan aimed to engage small US businesses in cross-border commerce with China on June 9 in New York. For Ma, the new strategy is  “simple and...

/ June 12, 2015

Ant Financial Plans Ahead for Mainland IPO

By Lauren Dodillet Zhejiang Ant Small & Micro Financial Services Group—aka Ant Financial, the parent company behind Alibaba Group’s Alipay—plans to launch its IPO in China in either late 2016 or early 2017. Before the launch, Ant will pursue an...

/ March 12, 2015
Lionsgate Booth

Dalian Wanda Eyes Lionsgate Purchase

By Lauren Dodillet  Dalian Wanda Group Corporation Ltd. is looking to buy a majority stake in Lions Gate Entertainment Corporation, a Canadian-American film company. Wanda’s chair Wang Jianlin—the fourth-richest man in China—met with Lionsgate chair Mark Rachesky in October to...

/ December 15, 2014

Alibaba Stops Early IPO Orders Halfway Through Roadshow

By Ellen Huber Alibaba Group Holding Ltd. plans to stop taking orders for the early sale of its $21 billion initial public offering (IPO) today for US investors and on Wednesday for European and Asian investors after having already received...

/ September 16, 2014