Saturday, April 20

Tag: alibaba

Alibaba Mobile Business Group Launches UC Ads In India
27Oct By Press Trust of IndiaNo Comments
News

Alibaba Mobile Business Group Launches UC Ads In India

UCWeb, part of Alibaba Mobile Business group, today launched its innovative mobile marketing platform, UC Ads in India. "UC Ads will provide an intelligent content marketing solution to enable established brands and emerging businesses reach out to right set of audiences across India at the right time," it said in a statement. The collaboration with UC Ads will enable businesses to access company's huge user base across platforms like UC Browser, UC News, and 9Apps. In India, UC Ads will be focusing to engage with businesses across industries, starting from ecommerce, automobile, online travel agent (OTA), entertainment, education, IT and consumer electronics sectors that are seeking to customise their marketing solutions, as well as emerging businesses seeking for cost-effective ...
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BRICS Countries Online Sale Surpassed $876 Bn In 2016 : Report
2Sep By Press Trust of IndiaNo Comments
CHINA

BRICS Countries Online Sale Surpassed $876 Bn In 2016 : Report

The online retail sales of BRICS(Brazil, Russia, India, China and South Africa) countries led by China and India surpassed $876 billion in 2016, in a recent report shared by China’s e-commerce giant Alibaba, today. The report was released ahead of the BRICS summit in Xiamen next week by the Ali Research Institute which is affiliated to Alibaba. (more…)
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Paytm Mall To Invest $35 Mn To Further Strengthen Its Logistics Network
22Aug By AnkitaNo Comments
CHINA

Paytm Mall To Invest $35 Mn To Further Strengthen Its Logistics Network

Paytm Mall is planning to put more money(around $35 million) to strengthen its logistics infrastructure, technology and add more product offerings to further strengthen its position in the market. "Paytm Mall is now expanding its logistics support by servicing demand with local supply to service same-day and next-day deliveries,” the company said in a statement. In the first phase, the company had limited its offerings to electronic goods and appliances across 25 cities. Now, it plans to expand its footprint to 100 cities and add other categories of merchandise as well. “We aim to build a trusted and highly-efficient logistics network to help local shopkeepers offer more convenient shopping experience to customers and enable brands to save up to 50% on logistics, as they will be able to...
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Paytm Likely To Pick Up Stakes In BigBasket For $200 Million
12Jul By Press Trust of IndiaNo Comments
News

Paytm Likely To Pick Up Stakes In BigBasket For $200 Million

Alibaba and SoftBank-backed Paytm is believed to be in discussions to pick up minority stake in online grocery retailer, BigBasket for about USD 200 million, according to sources. The due diligence is on and the deal could be finalised in the next few weeks, sources privy to the development said. They did not wish to be identified as discussions are still on and the deal has not been signed yet. When contacted Paytm declined to comment, while BigBasket said: "This is completely untrue". With people becoming comfortable buying even milk and bread online, online grocery segment is projected to witness a strong growth over the next few years. According to a report by Franchise India, the online grocery market is expected to be Rs 2.7 billion market by 2018-19. Industry watc...
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Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants
23Jun By reutersNo Comments
CHINA, News, USA

Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants

As Amazon.com Inc looks to swallow U.S. grocery chain Whole Foods, China's tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains. China's Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings. With their ready-made payment and social media platforms to lure shoppers, Alibaba and JD.com have helped China become the world’s largest online grocery market, far ahead of the United States. This early lead, cemented by densely populated urban areas and cheap labor, could be key as retailers and tech firms race to boost margins on low-cost consumer goods by reinventing supp...
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Alibaba Will Invest USD 7.3 Billion to Produce One Million Smart Vans
24May By AnkitaNo Comments
CHINA

Alibaba Will Invest USD 7.3 Billion to Produce One Million Smart Vans

Chinese e-commerce giant Alibaba delivery arm Cainiao Network has announced USD 7.3 billion investment to produce one million smart vans in partnership with domestic automakers for efficient delivery. Cainiao said a computing system, powered by the Internet, will analyse real-time orders and design the most efficient routes for its delivery fleet. The move will cut cost and reduce energy consumption. In two cities where the plan was piloted in April, vans travelled 30 per cent shorter distances and saved 20 per cent of the operational costs. Partnering automakers include SAIC Motor, Dongfeng Motor, Reach Rental. Cainiao also announced financial support of USD 7.3 billion for logistics firms and delivery drivers participating in the plan. Cainiao is Chinas logistics firm that pr...
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SoftBank’s Masayoshi Son Looks For Industry Specialists For Its Investment Fund
20May By reutersNo Comments
News

SoftBank’s Masayoshi Son Looks For Industry Specialists For Its Investment Fund

Deep Nishar spends more time roaming university hallways than he does corporate boardrooms. A former electrical engineer who helped develop Google's mobile phone business and grow LinkedIn's users from 30 million to half a billion, Nishar is exactly the sort of industry specialist that SoftBank Group CEO Masayoshi Son wants for his new $100 billion technology investment vehicle. Son, Japan's richest man, is expected to announce on Saturday the close of the first fundraising round for what will be the world's biggest private equity fund. Its backers, including Saudi Arabia's sovereign wealth fund and Apple, expect technology investments that will match or beat the 44% internal rate of return that SoftBank says Son has delivered by investing in internet companies in the last 18 years. ...
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Alibaba Acquired 1% More Equity in Paytm, Up Stake to 41%
7Mar By AnkitaNo Comments
ACQUISITION

Alibaba Acquired 1% More Equity in Paytm, Up Stake to 41%

Reliance Capital has sold its nearly 1 percent stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm. The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm. The deal gives a valuation of over USD 4 billion to Paytm, which is already backed by Alibaba group as a strategic investor. Sources said that Reliance Capital has retained a stake in Paytm e-Commerce, which it had got free of cost by virtue of the investment in the parent firm. In the latest fund-raising round, Paytm e-Commerce was valued at USD 1 billion. A Reliance Capital spokesperson declined to comment on the deal while Paytm spokesperson also did not comment. Earlier, Reliance C...
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