Friday, November 22

Tag: Tmall

Paytm Mall Raises $445 Mn Funding From SoftBank and Alibaba
3Apr By Sheldan RungasamyNo Comments
FUNDING

Paytm Mall Raises $445 Mn Funding From SoftBank and Alibaba

Paytm has been all over the landscape these past few weeks and days with major consecutive news announcements. This time, Paytm mall, the e-commerce daughter business of Paytm has raised over $445 Mn in funding from Japanese conglomerate SoftBank and Alibaba, the Chinese e-commerce giant. Regulatory filings reveal that SoftBank has been the major investor in this round, funding around $400 Mn of the total amount while Chinese company, Alibaba, fueled the rest. The first tranche of $55 Mn has already been sent to Paytm Mall’s account. Paytm Chief Operating Officer, Amit Sinha confirmed the news in a media statement saying, “This latest investment led by SoftBank and Alibaba reaffirms the strength of our business model, growth trajectory, execution capability and the potential of India...
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Alibaba’s Singles Day Sales in Pictures
22Nov By No Comments
Story

Alibaba’s Singles Day Sales in Pictures

The craziest shopping day of the year in China, Singles Day, has come to an end. Total sales for Alibaba this year hit $14.3B compared to last year’s $9.3B. All the media headlines are talking about Alibaba’s Singles Day sales data and how much money Alibaba made. I am going to tell you the story behind Alibaba Singles Day Sales. Ever wonder how Alibaba is able to achieve such huge sales numbers? Find out below: Alibaba’s Singles Day sale started at the strike of midnight, and Alibaba employees were all-hands-on-deck ready for the shopping “war.”   Here is the Alipay building all lit up. Alipay is Alibaba Group’s third-party online payment platform with no transaction fees.      Check this out! Temporary beds were set up in the board rooms. Everyone was read...
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