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This China Online Food Service Raised $1.25 Billion From Alibaba
Chinese online food-delivery service company Ele.me has raised $1.25 billion from Alibaba Group Holding and its arm, Ant Financial Services Group, according to an Ele.me statement on its official Weibo...
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Alipay Owner Looks To Go Public Later in 2016
When Jack Ma wanted to take his Chinese e-commerce giant, Alibaba Group Holdings, public two years ago, Hong Kong regulators rejected the listing and the company ended up trading on the New York Stock...
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Alibaba Grows Revenue the Fastest In Four Quarters
Alibaba may have defied the skeptics who have pushed its stock down by 7% this year by reporting fast-growing sales in the latest quarter. Sales rose in the most recent quarter by 39% year-over-year to...
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Alibaba and Softbank Team Up to Build Japanese Cloud
Alibaba Group, the gigantic Chinese retailer and cloud services provider is working with Japan’s SoftBank Group to offer public cloud services in Japan. Specifically, Softbank’s telecom subsidiary and...
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Anti-Counterfeiting Group Suspends Alibaba’s Membership
An anti-counterfeiting group said on Friday it was suspending Alibaba’s membership following concerns raised by some of its member companies. The International Anti-Counterfeiting Coalition (IACC)...
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Alibaba Pictures Raises New Funds for Online Ticketing Platform
The listed movies unit of Alibaba Group Holding Ltd, China’s biggest e-commerce company, has raised the valuation of its O2O distribution and promotions subsidiary which operates an online ticketing...
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Alibaba Tries to Do Damage Control Amid Counterfeit Backlash
Chinese e-commerce juggernaut Alibaba is in damage control mode on Monday following the backlash the company is facing over counterfeit items being sold via its marketplaces. Alibaba’s flagship...
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Alibaba Says Its Future Depends On Fighting Counterfeiters
Facing backlash over counterfeit items being sold on its marketplaces, Chinese e-commerce juggernaut Alibaba is on the offensive. Alibaba president Michael Evans said on Thursday that Alibaba’s future...
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China Soccer Boom Sparks Online Gambling Craze
In China’s eastern city of Hangzhou, Mr Li could barely watch as Portuguese striker Cristiano Ronaldo lined up a penalty kick in a finely-balanced Euro 2016 group match against Austria. Li had reason...
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Alibaba and Insurer AXA Join to Calm Global Customers Worried About Fakes
French insurer AXA on Friday announced a partnership with Alibaba and the Chinese e-commerce giant’s financial arm, Ant Financial, to expand in China. As part of the deal, AXA’s insurance will be...
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Chinese Consortium Agrees $4.4 Billion Deal for Caesars Online Games
A Chinese consortium that includes game developer Shanghai Giant Network Technology and e-commerce company Alibaba Group founder Jack Ma has agreed to acquire Caesars Interactive Entertainment’s online...
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Alibaba Wants to Help Foreign Firms Break Into China
The cloud arm of Chinese tech giant Alibaba baba is making a big push to get Western firms using its services when they try to enter the Chinese market. Alibaba Cloud, which claims to be the largest...
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Indonesia Wants Alibaba Founder Jack Ma to Be Its Ecommerce Adviser
Indonesia has asked the chairman of China’s Alibaba Group Holding, Jack Ma, to act as adviser in the development of the Southeast Asian country’s nascent e-commerce industry, according to a video...
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Here’s Why Alibaba Will Never Buy Back Yahoo Stake
Think of Yahoo’s Alibaba stock as a deserted island. The island is a U.S. territory, even though it’s loaded up with Chinese assets--specifically, Yahoo’s 15% investment stake in China-based Alibaba...
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Why Alibaba’s Logistics Business Is ‘Being Picky with Investors’
Cainiao Network, the logistics arm of Chinese e-commerce giant Alibaba Group baba , will hold another round of fundraising but it is hoping that money raised in March will be sufficient for a year to...
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Alibaba Spinoff Ant Financial Reportedly Won’t IPO for at Least a Year
Investors gearing up for the initial public offering of Ant Financial, the $60 billion online finance arm spun off by e-commerce giant Alibaba, will have to wait until at least late 2017 as the...
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Alibaba Celebrates China’s ‘Singles’ Day’ with Virtual Reality Shopping and...
Chinese e-commerce giant Alibaba Group baba started the countdown to its annual shopping festival Singles’ Day on Friday, promising consumers--and investors--a bonanza of fashion shows, virtual...
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Why Alibaba Founder Jack Ma Is Cozying Up With China’s Cops
Eight months after Apple CEO Tim Cook staged a very public spat with U.S. law officials over accessing users' private data, Alibaba executive chairman Jack Ma is moving in the opposite direction. Sort...
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Alibaba Consolidates Media and Entertainment Businesses
In a major reorganization of the company’s entertainment assets, Alibaba Holdings Group baba has formed a new digital media group along with plans for a 10 billion yuan ($1.48 billion) fund for new...
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Alibaba’s Cloud Services Are About to Get a Lot Bigger Outside China
Alibaba Cloud plans to open four new data facilities outside China, the cloud unit of Alibaba Holdings said on Monday, as it seeks to grab global market share from leading players Amazon.com and...
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