Wednesday, November 6

Tag: Alibaba acquisition

China’s Alibaba Group Eyeing Valuable Acquisition in India
6Sep By Gauri SinghNo Comments
ACQUISITION

China’s Alibaba Group Eyeing Valuable Acquisition in India

China’s e-commerce giant Alibaba Group is eyeing considerable investments in India through valuable acquisitions. The company is looking to buy out content platforms across print, video and web to increase its reach within the country. The e-commerce major stated that it looks upon user data privacy and security with seriousness, and therefore stores most of the user information within servers in India. "India is one of the most important overseas markets for UCWeb. Of the 430 million users that we have on our browser globally, a large chunk of 130 million users come from India," Shunyan Zhu, president of the company said. A mobile browser and content platform called the UCWeb is operated by the Alibaba Group. Due to the expansion in the usage of online browsing platforms, it has now ...
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China’s E-commerce Major Alibaba to Acquire Stake in Focus Media
20Jul By Gauri SinghNo Comments
ACQUISITION

China’s E-commerce Major Alibaba to Acquire Stake in Focus Media

China’s e-commerce major Alibaba Group announced on Wednesday that it has agreed to take over a minority stake in China's Focus Media Information Technology with an aim to tap into the digital marketing segment. The e-commerce giant will be acquiring about 6.62 percent in Focus Media for about 9.63 billion yuan ($1.43 billion) and expectedly yet another 5 percent stake in the next one year as stated by the company. Alibaba also has plans to invest $511.1 million in an entity managed by Jason Jiang, Focus Media's chairman, by subscribing to the newly issued shares of the company. Focus Media’s digital advertising screens can be seen on the streets, on subways and in elevators across 300 Chinese cities, reaching 200 million middle-class consumers. By getting in association with Focu...
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