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Chinese e-commerce company Alibaba Group Holding is investing an additional US$1bil (RM4.29bil) in South-East Asian online retailer Lazada Group, boosting its stake by nearly a third to 83% and amplifying its focus on the region.
Alibaba Group Holding Ltd’s six-year-old excursion into mobile operating systems is faltering in China, casting doubt over software that bears billionaire-founder Jack Ma’s name and was once touted as key to countering Tencent Holdings Ltd.
E-commerce firm Alibaba Group Holding Ltd and the founder of Intime Retail Group Co Ltd have jointly bid to take the Chinese department store operator private for HK$19.79bil (RM11.9bil).
An anti-counterfeiting group said it was suspending Alibaba Group Holding Inc's membership following concerns raised by some of its member companies.
Alibaba Group Holding Ltd, China's biggest e-commerce company, said fourth-quarter sales rose 39% after its core online shopping business grew, but profit fell for the first time as it spent on ventures like food delivery.
China's second-largest e-commerce company JD.com Inc said it has sent a letter of complaint to a Chinese antitrust regulator and formally requested an investigation into rival Alibaba Group Holding.
Alibaba Group Holding Ltd founder Jack Ma wants to keep a tight grip on the Chinese e-commerce company he founded even after he takes it public, and US law gives him several ways to do so.
Chinese e-commerce firm Alibaba Group Holding Ltd said on Thursday it has changed the name of its Alipay financial services affiliate to Ant Financial Services Group as it steps up its push into the financial services industry.
Criticised and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.
Chinese e-commerce giant Alibaba Group Holding Ltd is looking to expand its entertainment content offering on its Internet television set-top boxes through deals with studios in the United States, Bloomberg reported, citing people familiar with the matter.