September 8th, 2018Jack Ma, the founder of the largest Chinese e-commerce platform Alibaba Group is reportedly stepping down from the position of executive chairman of the company from Monday, marking the end of an era.
However, one of the richest men in China, Jack Ma has stated that he will remain on Alibaba's board of directors. The primary motive of...
September 6th, 2018China’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,...
August 24th, 2018China’s largest e-commerce player Alibaba Group Holding Ltd has shown a huge rise in the first-quarter revenue estimates which is majorly due to the growth in its core e-commerce business. However, the company has stated that the investments in the food delivery business are increasing and might overpower the profits.
The revenue of...
August 7th, 2018China’s largest conglomerate Alibaba Group is planning to bring together and merge its food delivery units. The units that are getting merged are food delivery platform Ele.me and food and lifestyle services firm Koubei.
The purpose behind this move is to raise funds for the combined business and also to intensify the battle with...
July 20th, 2018China’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...
July 14th, 2018Alibaba Group, the popular Chinese conglomerate has announced the launch of its new distribution channel programme with an aim to strengthen its existence in India.
The company believes that it is a great time to carry on and grow business in the country. The company had also come up with its new distribution channel programme to...
July 10th, 2018Jack Ma, the founder of Alibaba Group has entered into an association with a $250 million Chinese venture capital fund known as Ganesh Ventures. The idea behind this partnership is to create a strong and sturdy network among the Indian entrepreneurs and Chinese investors and entrepreneurs.
Ganesh Ventures will stand as Jack Ma’s...
June 20th, 2018It's just been three months when Food Delivery Platform Zomato raised $200 Mn from Ant Financials and now it is gearing to raise fresh $200 Mn from Alibaba. Interestingly, Zomato's arch-rival Swiggy is too nearing to acquire unicorn status as it is reportedly raising $200 million from Yuri Milner’s DST Global.
While Swiggy has...
June 13th, 2018The e-commerce platform of Paytm known as ‘Paytm Mall’ has raised funds amounting to Rs 1500 crore from Japenese holding company SoftBank Group Corporation and its existing lender Alibaba Group Holding Ltd.
According to the reports, the recent funding is a part of the funding commitment of Rs 3,000 crore that was at first...
June 8th, 2018China’s biggest online payment platform Ant Financial Services Group which operates the Alipay mobile payment service, in its recent funding, has raised a huge amount of around $14 billion, with the aim to expand its platform across the globe and bring in latest technologies.
Ant Financial which is controlled by Jack Ma is an...
June 7th, 2018E-commerce giant Amazon is loading cash to its digital wallet for customers in India as it is actively pushing to deepen its footprint in the country battling competition from rivals-Alibaba and Walmart.
A letter dated June 5 issued to customers, which also marked the fifth anniversary of launch in India, Jeff Bezos, Amazon founder...
June 2nd, 2018China's leading artificial intelligence company, SenseTime has raised $620 million in its latest Series C+ round of fundraising, being the world's highest-valued AI company at a valuation of more than $4.5 billion. The company had raised $600 million last month Alibaba-led investors and Singapore’s state investment firm and now is back...
