The shares of the world’s largest ecommerce company, Alibaba Group Holding Ltd (NYSE:BABA), slumped in excess of 9 percent after announcing its December quarter results. The holiday quarter performance could not impress market experts and the ecommerce company had some trouble with Chinese regulators in the last few months. The first reason bringing down its…
Yahoo! Inc. (YHOO)’s Shares Soar Post Alibaba Group Holding Ltd (BABA)’s Shares Tax-Free Spin-Off
The shares of Yahoo! Inc. (NASDAQ:YHOO) soared in excess of 6 percent after the technology company announced tax-free spin-off of its 15 percent stake in the ecommerce company, Alibaba Group Holding Ltd (NYSE:BABA). The tech company holds 15 percent shares of the ecommerce giant and its stake is valued at $40 billion at least. Yahoo…
Alibaba Group Holding Ltd (BABA) Keen to Invest In State-Run Insurance Company, Ecommerce Giant Exploring Multiple Industries Aggressively
In its latest investment plans, Alibaba Group Holding Ltd (NYSE:BABA), the largest ecommerce company of the world is all set to initiate positions in the state-run insurance company, New China Life Insurance. The shares of Alibaba soared in excess of 3 percent after the announcement. Right from its first IPO in September last year, Alibaba…
Alibaba Group Holding Ltd (BABA) Along With Other Chinese Tech Companies Rage Investment Wars to Become Cyber Hotspot In China
There is an investment war going on in between the major tech companies of China including Alibaba Group Holding Ltd (NYSE:BABA), Tencent Holdings Ltd (HKG:0700), and Baidu Inc (ADR) (NASDAQ:BIDU). Each of these companies is trying to transform into a one-stop shop for the world’s largest internet user market. According to a recent research, Alibaba…
Alibaba Group Holding Ltd (BABA) Signs Deal With U.S. Consumer Safety Authority to Prevent Sales Of Unsafe Toys
Alibaba Group Holding Ltd (NYSE:BABA) is one of the biggest global retailers with more transactions than both Amazon.com, Inc. (NASDAQ:AMZN) and eBay Inc (NASDAQ:EBAY) combined. The ecommerce giant has signed a deal with the U.S. consumer watchdog, the U.S. Consumer Product Safety Commission (CPSC), to block the sales of dangerous toys in the U.S. What…
Alibaba Group Holding Ltd (BABA)’s Former Employees-Turned-Millionaires Are Ready To Rival Silicon Valley With More Chinese Startups
Alibaba Group Holding Ltd (NYSE:BABA) did rival a lot of American online retailers and technology companies with its record initial public offering and continuous stream of products to outmatch its US peers. Now, the former employees of the Chinese online retailer are taking the fight to the Silicon Valley startups by starting businesses in China’s…
Alibaba Group Holding Ltd (BABA)’s Endorsed App Momo Inc (ADR) (MOMO) Soars After IPO
It looks like Alibaba Group Holding Ltd (NYSE:BABA) has a box full of fortune cookies with its every single investment receiving excellent response from the market. In the latest string of accomplishments, Momo Inc (ADR) (NASDAQ:MOMO), chat app backed by Alibaba, witnessed 26% increase in its share price on its initial public offering. Momo Inc…
Alibaba Group Holding Ltd (BABA)’s Film Unit Under Legal Scanner For Sloppy Tax Practices
Alibaba Group Holding Ltd (NYSE:BABA)’s film unit is facing fines related to incorrect tax submissions in August and the company is asked to pay the undue amount with associated interest rates. Alibaba announced plans to purchase stake in the film unit earlier this year. Alibaba Pictures Group Ltd (HKG:1060), film until of the Chinese ecommerce…
Alibaba Group Holding Ltd (BABA) Needs Key Alliances With Phone Manufacturer To Advance Against Android
Alibaba Group Holding Ltd (NYSE:BABA) is aiming to install its mobile OS in millions of devices in the local Chinese market. However, the domination of Google Inc (NASDAQ:GOOGL)’s Android in the smartphone industry is something that Alibaba needs to deal with. According to the recent mobile data forecast from International Data Corporation, Android operating system…
Alibaba Group Holding Ltd (BABA) Joins Tencent Holdings Ltd (0700) In Raking Investments For Ping An Insurance
Both Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (HKG:0700) joined hands to invest in Ping An Insurance (Grp) Co of China Ltd. (HKG:2318). The insurance company raised $4.7 billion out of the deal and registered as one of the largest share offerings in Hong Kong during the financial year. Ping An Insurance is…
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