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Jack Ma, founder and executive chairman of Alibaba Group Holding, holds deep sway over executive and board appointments at China's biggest e-commerce company, and that influence is set to strengthen further at the firm, which is heading towards a New York IPO that is expected to raise more than US$15bil (RM47.85bil) later this year.
Alibaba Group Holding Ltd is buying full control of the startup Ele.me as it steps up efforts to expand in China’s fast-growing market for local delivery of food and other services.
Japanese telecommunications and Internet firm Softbank Group Corp said it will sell at least US$7.9bil (RM32.66bil) of shares in Chinese e-commerce company Alibaba Group Holding Ltd to raise funds to reduce its debt.
Alibaba Group Holding Ltd will invest US$4.6bil (RM18.26bil) in leading Chinese electronics retailer Suning Commerce Group Co Ltd, its biggest step yet towards integrating online and store-based shopping.
Part-way through Alibaba Group Holding Ltd's long-awaited IPO prospectus was a subtle, but striking, warning: investors should know that lead founder and executive chairman Jack Ma might work against the company's best interests.
Alibaba Group Holding Ltd may be making its debut on Wall Street later this summer, but it's certainly no stranger to the investors of Silicon Valley.
b>NEW YORK/b>: Yahoo! Inc and Alibaba Group have released a joint statement saying they are 'engaged in and committed to productive negotiations,' giving few details but aiming to present a united front as tension grows between the two tech giants.
When a fast-growing private equity firm co-founded by Jack Ma sought funding from institutional investors for the first time in early 2013, almost all had one major concern, its chairman said: was the firm independent from Ma, the influential executive chairman of Alibaba Group Holding, China's e-commerce giant.
China's Alibaba Group Holding Ltd plans a major move to win US business this year, by offering American retailers new ways to sell to China's vast and growing middle class.
Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China's booming on-demand services market.