Tag: Alibaba

Alibaba Launches Investor Roadshow Ahead of IPO

By Ellen Huber The world’s largest e-commerce company—China’s Alibaba Group Holding Ltd.—yesterday launched ten days of investor meetings in advance of its record-breaking initial public offering (IPO), reports Bloomberg. The IPO—set to hit the trading floor on September 19—is predicted...

/ September 9, 2014

Internet Finance in China: Will it Disrupt Traditional Banking?

By Ana Swanson Like many businesses the world over, investment in China has gone mobile. Just ask Yang Ren Jun, a 26-year-old translator and interpreter in Shanghai. Yang initially invested ¥3,000 ($483) in a new online investment service called Yu’e...

/ July 21, 2014

Alibaba to Purchase 50 Percent Stake in Guangzhou Soccer Team

Ecommerce giant Alibaba Group recently agreed to purchase a 50 percent stake in a popular Chinese soccer team. The deal, worth ¥1.2 billion ($192 million), was announced Thursday at a news conference in Guangzhou. The club, Guangzhou Evergrande F.C., owned...

/ June 11, 2014

Video: What You Should Know about the Alibaba IPO

By Randy Wang In a period that’s been characterized by rapid innovation in China’s high technology sector, Alibaba’s IPO—potentially one of the largest public offerings of all time—has been one of the most widely-anticipated events of the year. The IPO...

/ June 6, 2014

Alibaba to Purchase 10 Percent Stake in Singapore Post for $249 Million

Alibaba Group Holding Ltd. has agreed to pay $249 million for a 10.4 percent stake in Singapore Post Ltd., also known as SingPost, in a deal that could expand Alibaba’s logistics business to new markets overseas, according to a statement...

/ May 30, 2014

Alibaba Files for up to $20 Billion US IPO

By E.J. Thomas Alibaba Group Holding Ltd. filed its much-anticipated initial public offering (IPO) prospectus yesterday with the US Securities & Exchange Commission. The IPO—which will sell 12 percent of China’s largest e-commerce company—could raise as much as $20 billion,...

/ May 7, 2014

Alibaba to Invest $692 Million in Department-Store Operator Intime

Alibaba Group Holding Ltd., China’s largest e-commerce company, has agreed to purchase a 26 percent stake in department-store operator Intime Retail Group Co. for $692 million. As part of its first brick-and-mortar investment, Alibaba will buy $214 million in shares...

/ April 7, 2014

Alibaba Plans for $15 Billion Third Quarter US IPO

By E.J. Thomas After months of speculation about a possible initial public offering (IPO) in London, Hong Kong, or the United States, Alibaba Group Holding Ltd. announced on March 16 that it has chosen to hold its IPO in the...

/ March 20, 2014