“There is no restricted zone for us, and our top priority is to cater for the needs of micro and small enterprises” said Peng Lei, CEO of Alibaba Finance, last week.
In yet another sign that e-commerce giant Alibaba has its sights fixed firmly on the U.S. market, the company announced this morning that it was establishing an “investment organization” in the United States.
Rumors of an impending Alibaba initial public offering continue to sweep the Internet, and private company intelligence firm PrivCo just added fuel to the fire by flinging open the doors on its proprietary research on the Chinese company.
Alibaba, the Chinese e-commerce company that became the biggest online retailer on the planet last year, has invested most of a massive new $206 million funding round in ShopRunner, a rival to Amazon.com.
Yahoo China’s brand is managed by e-commerce giant, Alibaba. Visitors are now redirected to Alibaba’s public welfare site.
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.
Due to deal talks breaking down, Yahoo may be losing $17 billion worth of Asian asset sales.
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.
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.
Asian web powerhouse Alibaba has taken yet another step toward snatching up Yahoo.
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.
Yahoo’s board is considering selling its holdings of Alibaba Group and its Japanese affiliate back to the majority owners, a move that would score the company around $17 billion as it tries to find solid footing in troublesome year.
China-based e-commerce giant Alibaba Group is apparently seeking $4 billion in debt financing to buy the 40 percent stake in Alibaba currently owned by iconic web company Yahoo.
Leaders of 10 top Chinese tech firms, including Alibaba CEO Jack Ma (pictured), have pledged to uphold the censorship and surveillance goals of the Chinese government.
Yahoo co-founder and former CEO Jerry Yang says that while Yahoo’s board is famously exploring all its options, it’s not necessarily up for sale.
The latest big name interested in buying Yahoo may be Microsoft, according to a Reuters report from last night.
In a talk at Stanford University, Alibaba CEO and chairman Jack Ma said, “We are very, very interested” in buying Yahoo, lock, stock and barrel.