The end goal, the companies said, is a combination of the two entities' areas of expertise: physical location and online retail.
China's take on Twitter, Weibo, sold an 18 percent stake of itself to major e-commerce site Alibaba today. The two hope to make hundreds of millions of dollars for the social media company while building out a mobile and social commerce mode for Alibaba.
Alibaba predicts that 2013 will be the year that Chinese e-commerce surpasses U.S e-commerce, with $265 billion in sales compared to a projected $230 billion for America, and that total Chinese online sales will reach $445 billion in 2015.
Alibaba chairman Jack Ma said only two companies have ever recorded annual transaction volumes at this level: Wal-Mart and Alibaba.
Editor's Pick When you're looking to scale quickly, it helps to be a high-growth company in a high-growth industry in a high-growth country.
Taobao may not be well-known on our side of the Pacific Ocean, but it is the 13th-most-trafficked site in the world according to Alexa, and it is owned by one of the largest e-commerce companies in the world, Alibaba.
Ebay isn't giving up on China. The company today announced a new partnership with local fashion e-commerce website Xiu, which will sort through eBay's inventory for pieces that will appeal to China's culture.
Guest Post Google's business is to keep Android from further fragmenting with Alibaba's Aliyun flavor. But twisting the arms of phone manufacturers could get Google in trouble in the long term.
Yahoo has agreed to sell back half of its stake in Chinese e-commerce site Alibaba, in a $7.6 billion deal.
Pressure from Google caused Acer to cancel the launch of its CloudMobile A800 smartphone, which uses a operating system that competes with Android.
Can $7 billion reinvigorate Yahoo? That’s a question for new CEO Marissa Mayer, who looks to be clearing the decks in preparation for significant changes to Yahoo strategy.
In May of this year, Yahoo agreed to sell half of its …
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When Facebook decided to open-source the hardware that makes its data centers some of the most energy-efficient and innovative in the tech industry, others tech giants were eager to join in and open-source their Internet hardware as well. But not …
Yahoo and Alibaba have finally hashed out terms that will see Yahoo sell back half of its stake in the Chinese e-commerce site in a $7 billion deal, according to an AllThingsD report.
Yahoo will sell half of its 40 …
It’s not all cyber crime and shadowy government dealings over there in China. Apparently, Chinese supercompany Alibaba is testing out social shopping via a Pinterest clone.
Sounds yummy, especially for the ladies. If there’s one thing we know about the …
Alibaba Group is raising $3 billion — not to buy back the 40 percent stake Yahoo holds in the parent company, as previously rumored, but to buy back the 27 percent of Alibaba.com stock currently floating around the public market.…
Due to deal talks breaking down, Yahoo may be losing $17 billion worth of Asian asset sales.
Yahoo, which owns significant stakes in Chinese powerhouse Alibaba and Japan’s SoftBank (as well as Yahoo Japan, natch) was attempting to sell those …
Chinese e-commerce giant Alibaba has suspended public trading of its shares in Hong Kong as it prepares to buy back its 40 percent stake held by Yahoo.
The transaction is said to be worth between $10 billion and $11.5 billion.…
Yahoo co-founder and former CEO Jerry Yang has resigned from the Yahoo board of directors and all other positions, the company announced late today. Yang also resigned from the boards of Yahoo Japan and Alibaba Group.
In a letter to …
Asian web powerhouse Alibaba has taken yet another step toward snatching up Yahoo.
The Chinese company has hired a Washington, DC-based lobby firm and a law firm specializing in cross-border mergers and acquisitions — likely a necessary step in the …
Oh, how the mighty have fallen: Yahoo is selling back most of its shares in Asian powerhouses Alibaba and SoftBank. It’s even losing Yahoo Japan.
According to reports various publications, including the Wall Street Journal, the Yahoo board has decided …
