Alibaba acquire Controlling Stake in Sun Art For $3.6 billion
Alibaba Group will invest approximately USD 3.6 billion in Sun Art Retail Group Limited for 72 percent stake.
Search Results for: alibaba
Alibaba’s Ant Group files for IPO in Hong Kong & Shanghai
Ant Group which operates online payment company Alipay filed for the IPO in Hongkong & Shanghai.
Alibaba beats Quarterly Revenue, Profit Estimates
Alibaba Group beat quarterly revenue and profit estimates as its core commerce and cloud computing businesses.
Alibaba’s Jack Ma sells $9.6 billion worth shares, stake dips to 4.8%
The divestment comes as Ma retired as the Chinese e-commerce company’s executive chairman in September and pulled back from formal business roles to focus on philanthropy.
Alibaba Founder Jack Ma Resign from Softbank board
Alibaba co-founder Jack Ma will resign from Softbank board after giving 13 years of services.
Alibaba Single Day sales hit $10 billion in Less than 30 minutes
E-commerce giant Alibaba’s Singles’ Day sales hit USD 10 billion in less than 30 minutes of the event going live.
Alibaba Founder Jack Ma Steps Down
10th Spet, 2019- Jack Ma, who founded Alibaba Group, the world’s biggest e-commerce company, is stepping down as chairman at a time when the rapidly changing industry faces uncertainty amid a US-Chinese trade war. Ma stepped down Tuesday as part of a succession announced a year earlier. He will stay on as a member of […]
Alibaba Revenue Jumps 42 Percent in First Quarter
China’s biggest eCommerce company Alibaba 2019 first-quarter revenue beat analyst estimates.
SoftBank Group Triples Net Profit, Thanks to Alibaba
Japan’s SoftBank Group said its first-quarter net profit more than tripled thanks to exceptional gains related to the sale of shares in Chinese e-commerce giant Alibaba. The company announced a net profit of 1.12 trillion yen ($10.5 billion) for the three months to June, up 257.6 percent compared to the same period a year before. […]
Alibaba lets US small, medium businesses to sell on Platform
Chinese e-commerce platform Alibaba will allow small and medium-sized US businesses to sell on Alibaba.com.
Alibaba Planning a Second Listing in Hong Kong to Raise $20 Billion
Aliababa planning a secondary share listing in Hongkong share market to raise $20 billion.
BigBasket raises $150 million from Alibaba and Others
Big Basket raises $150 million funding from Alibaba & others