BEDMINSTER, N.J. (Reuters) – U.S. President Donald Trump said on Saturday he could exert pressure on more Chinese companies such as technology giant Alibaba (BABA.N) after he moved to ban TikTok. Asked at a news conference whether there were other particular C... More »
SHANGHAI (Reuters) – Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm’s annual filing released on Friday showed. The divestm... More »
SHANGHAI (Reuters) – Alibaba Group said its cloud unit aims to recruit 5,000 staff globally from now until the end of this financial year, in areas including network, database, servers, chips and artificial intelligence, it said in a statement on Tuesday. “The... More »
SHANGHAI (Reuters) – Online gay communities in China are lauding e-commerce giant Alibaba Group Holding Ltd for releasing a subtle ad that appears to feature a gay couple returning home for the Lunar New Year. In the 20-second spot, a young man enters his home... More »
HANGZHOU, China (Reuters) – Chinese retailer Alibaba Group Holding Ltd said on Monday that sales for its annual Singles’ Day shopping blitz crossed the $30 billion mark at 4:31 p.m. (0831 GMT), putting the event on track to set a record in its 11th year. The f... More »
HANGZHOU, China (Reuters) – A tearful Jack Ma formally left Alibaba (BABA.N) on Tuesday, donning a guitar and a rock star wig at an event for thousands of employees of the e-commerce giant he founded 20 years ago in a small shared apartment in Hangzhou city in... More »
HONG KONG (Reuters) – Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd (BABA.N) on the timing of its planned $15 billion listing in the city, with sources saying China’s biggest e-commerce company is now considering several timeta... More »
BEIJING/SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks to bolster its investment focus in the face of sl... More »
SHANGHAI (Reuters) – Alibaba Group Holding Ltd will take a 14 percent stake in STO Express Co Ltd through a $693 million deal, the e-commerce giant’s fourth significant investment in a Chinese courier company. Shares in STO Express shot up when trading opened ... More »
NEW YORK (Reuters) – The National Basketball Association will offer fans in China original programming and an easier way to buy league gear through e-commerce giant Alibaba Group Holding Ltd, the league announced on Wednesday. For the first time, NBA China wil... More »
PARIS (Reuters) – Bollore Group, the French conglomerate run by billionaire businessman Vincent Bollore, said it had signed a global partnership with E-commerce company Alibaba. The two companies said the partnership would cover cloud computing services, clean... More »
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd will inject some of its online pharmacy business into a listed unit in a deal valued at HK$10.6 billion ($1.35 billion), the firm said in a statement on Tuesday. Alibaba Health Information... More »
(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd said on Monday it would buy the remaining shares of Ele.me, a major platform in China’s food delivery market, as it competes with Tencent Holdings Ltd services for offline consumers. Alibaba and af... More »
FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song/File Photo PYEONGCHANG, South Korea (Reuters) – The Olympic movement’s new Chinese global sponsor, e... More »
A view of the Alibaba Group booth during the 2018 CES in Las Vegas, Nevada, U.S. January 9, 2018. REUTERS/Steve Marcus SINGAPORE (Reuters) – Alibaba Group Holding Ltd’s entertainment arm has signed a licensing agreement with Walt Disney Co in a deal that will ... More »
FILE PHOTO: A sign of Alibaba Group is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. REUTERS/Aly Song/File Photo PYEONGCHANG (Reuters) – Alibaba Group Holding Ltd (BABA.N) is launching a project that will create a “smarter... More »
Employees arrange tomatoes before weighing them at a Big Basket warehouse on the outskirts of Mumbai November 4, 2014. REUTERS/Danish Siddiqui MUMBAI (Reuters) – A unit of China’s Alibaba has invested $146 million in Indian online grocer BigBasket, strengtheni... More »
FILE PHOTO: A logo of Ant Financial is displayed at the Ant Financial event in Hong Kong, China November 1, 2016. REUTERS/Bobby Yip/File Photo BEIJING (Reuters) – China’s Ant Financial Services Group has received approval to issue consumer credit-backed securi... More »
FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song/File Photo HANGZHOU, China (Reuters) – In a small village shop near the eastern Chinese city of Hang... More »
FILE PHOTO: An employee is seen behind a glass wall with the logo of Alibaba at the company’s headquarters on the outskirts of Hangzhou, Zhejiang province, April 23, 2014. REUTERS/Chance Chan/File Photo (This story corrects title of Weiwen Han in paragraph 9 f... More »
Online retailer Lazada Group said it will sell select items from Alibaba Group Holding Ltd's Taobao marketplace in three more countries in Southeast Asia, expanding the partnership between the two e-commerce firms. More »
A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERS/Stringer/File photo China’s Alibaba Group Holding Ltd (BABA.N) is leading a $2.6 billion bid to privatize Intime Retail Group Co Ltd (1833.... More »
Shares of Intime Retail (Group) Co Ltd (1833.HK) were set to surge 38 percent when it resumes trade on Tuesday after Alibaba Group Holding Ltd (BABA.N) joined forces with the founder of the department store operator to take it private for $2.6 billion. More »
U.S. President-elect Donald Trump shakes hands with and Alibaba executive chairman Jack Ma after their meeting at Trump Tower in New York, U.S., January 9, 2017. REUTERS/Mike Segar Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Mon... More »
A booth introducing Alibaba Cloud services is seen at an exhibition venue during Alibaba Group’s 11.11 Singles’ Day global shopping festival in Shenzhen, China November 11, 2016. REUTERS/Bobby Yip Alibaba Cloud plans to open four new data facilities outside Ch... More »
Sign board of Ant Financial is seen at its office in Hangzhou, Zhejiang Province, China September 21, 2016. REUTERS/John Ruwitch/File Photo Marques More »
BERLIN Wirecard AG is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported on Sunday. Without citing its sources, the Bi... More »
HONG KONG Alibaba Group Holding Ltd’s online shopping platform Taobao is tightening controls on the sales of luxury goods, requiring sellers to show proof of authenticity, as it fights sales of fake items on one of China’s top online platforms. From May 20, se... More »
SHANGHAI The new boss of Hong Kong’s South China Morning Post, Jack Ma, has promised not to interfere in editorial decisions, in an apparent bid to assuage concerns about the paper’s independence under his e-commerce giant Alibaba Group Holding Ltd. Critics ha... More »
BEIJING/SHANGHAI The logistics arm of Alibaba Group Holding Ltd (BABA.N) has completed a funding round, China’s biggest e-commerce company said on Monday. Investors in the funding round of Cainiao include Singapore’s Temasek Holdings [TEM.UL] and GIC Pte Ltd [... More »
ZURICH Nestle SA has agreed a partnership with Alibaba in China to grow online sales, build key brands and offer new products, the Swiss food group said on Tuesday. Nestle has introduced products including Nido milk powder, Damak chocolate and Nescafe Dolce Gu... More »
SHANGHAI Jack Ma, founder and executive chairman of Alibaba Group Holding Ltd, is in talks to buy a stake in the publisher of Hong Kong’s South China Morning Post (SCMP), Bloomberg reported on Monday citing unidentified sources familiar with the matter. The di... More »
NEW YORK Gucci, Yves Saint Laurent and other luxury brands suing Alibaba Group Holding Ltd for promoting the sale of counterfeit goods will resort to mediation, backing away from a threat to withdraw from the process after Alibaba founder Jack Ma said that he ... More »
NEW YORK MSCI will add Alibaba Group, Baidu.com and a dozen other overseas-listed Chinese shares to its emerging market index beginning on Dec. 1, in a move that is expected to draw billions of dollars into the stocks and make MSCI the first indexer to include... More »
Shares of Alibaba Group Holding Ltd (BABA.N), which recently slipped below their initial offering price after having rocketed 75 percent in their first two months of trading, could lose another 50 percent of their value, Barron’s said in the cover story of its... More »
BEIJING “Tragedy” – that was Alibaba Group Holding Ltd (BABA.N) founder Jack Ma’s prediction for the fate of rival JD.com Inc (JD.O) in comments published earlier this year. On Monday, Alibaba signaled it is no longer writing off its smaller competitor, making... More »
