Tokyo (TIP)- SoftBank Group Corp. surged in Tokyo trading after Alibaba Group Holding Ltd. announced a six-way split of its businesses, fueling optimism for a recovery at one of the Japanese company’s most important holdings. […]
Chinese regulators have hit top e-commerce giant Alibaba with a record 18.23 billion yuan ($2.78 billion) fine for violating anti-monopoly laws, it was announced on Saturday, April 10. The fine, the largest anti-monopoly fine ever […]
Alibaba and Ant co-founder Jack Ma has resurfaced after months out of public view, quashing intense speculation about the plight of the billionaire grappling with escalating scrutiny over his internet empire. China’s most recognizable entrepreneur […]
HONG KONG (TIP): Alibaba Health Information Technology Ltd said on Friday controlling shareholder Alibaba Group Holding Ltd would sell HK$3.8 billion ($488.3 million) worth of health food and nutritional products businesses to the company, further developing it into Alibaba’s healthcare flagship […]
TO INTRODUCE NEW FINANCIAL PRODUCTS ? The funding will help Paytm expand its soon-to-be launched payments bank operations as well as grow its user base and introduce more financial products for consumers ? SoftBank has committed investments […]
NEW DELHI (TIP): Paytm users will now have to pay a 2% fee for adding money to their wallets using credit cards. The move by the Alibaba-backed company came after it found multiple users using […]
NEW DELHI (TIP): Online marketplace Snapdeal, which is also the third largest e-commerce company of India, said on Thursday that it has partnered with Truecaller to enhance consumer experience by integrating Truecaller Priority in the […]
NEW DELHI (TIP): India’s booming online marketplace business has attracted a new wave of merchants and sellers from countries such as China, South Korea, Japan, Singapore and the US. In fact, thousands of sellers are […]
SHANGHAI (TIP): Alibaba Group Holding Ltd has agreed to invest $1.25 billion in Chinese online food delivery service Ele.me, leading business weekly Caixin reported on Friday. The report, citing unidentified sources, said Alibaba will obtain a 27.7% stake in […]
New Delhi: Alibaba Group’s wholesale trading platform Alibaba.com said on Monday, December 7, that India is one of its fastest-growing markets with about 4.5 million registered users. The Chinese e-commerce giant is taking the Indian market […]
SHANGHAI (TIP): E-commerce giant Alibaba said that Chinese and international consumers spent more than $14 billion in the world’s biggest online shopping day, as it sought to soothe worries over China’s slowing economy. The November […]
BEIJING (TIP): Communist China has overtaken capitalist United States in the richie rich list with 596 billionaires to America’s 537. The stunning jump has taken place in the last one year — spurred by the […]
SEATTLE (TIP): A day after wooing Seattle’s elite with pop-culture jokes and promises of reform, Chinese President Xi Jinping gets down to business on Wednesday, meeting Apple Inc’s Tim Cook and other top tech executives. […]
NEW DELHI (TIP): Alibaba founder and executive chairman Jack Ma is this year’s biggest financial gainer as the billionaire entrepreneur’s fortune has swelled by a whopping USD 18.5 billion this year to USD 29.2 billion, […]
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