CHINA TOPIX

11/02/2024 09:32:15 am

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Alibaba Group

A man walks past the logo of Alibaba (China) technology Co., Lth on August 12, 2005 in Beijing, China.

Alibaba to Raise $1.5B Cultural, Entertainment Investment Fund

Alibaba Group Holding announced on Monday its plan to raise 10 billion yuan ($1.5 billion) to target China's cultural and entertainment industries and establish a separate cultural and entertainment group.

Alibaba's investment will be used to help PlaceIQ in expanding and improving its operations globally.

Alibaba Puts Strategic Investment on PlaceIQ

Alibaba has made a strategic minority investment to PlaceIQ, which is a follow-on addition to $25 million PlaceIQ’s 2016 Series D funding round.

Space seller

Alibaba to Orbit World's First e-commerce Satellite; Might Also Launch Other Satellites

Juhuasuan said its e-commerce satellites will enable it to provide consumers with the world's best vegetables.

Ant Financial IPO.

Ant Financial is Planning to Make Initial Public Offering in Hong Kong in 2017: Report

Ant Financial, Alibaba Group's financial subsidiary company, is reportedly planing to make an initial public offering (IPO) in the Hong Kong stock exchange in the first half of next year.

Alibaba Pictures Acquires Hangzhou Xingji.

Alibaba Pictures to Acquire 80 Percent Stake in Hangzhou Xingji for $15 Million

Alibaba Pictures, the entertainment division of Chinese e-commerce giant Alibaba Group, would invest 100 million Yuan (US$15 million) to secure an 80 percent stake in Hangzhou Cinema Company. The move would help Alibaba Pictures to further expand its reach in China's lucrative entertainment market.

Alibaba GMV

Alibaba’s Annual Sales Crosses 3 Trillion Yuan

China's e-commerce giant Alibaba Group announced on Monday that it has achieved a major milestone as its Gross Merchandise Value (GMV) for the current fiscal year crossed ¥3 trillion ($462 billion) mark.

Alibaba Group signage is posted outside the New York Stock Exchange

China's Alibaba Buys 33 Million Shares of Groupon

China's Alibaba has bought a 5.6 percent stake in Groupon, making it the fourth largest shareholder in the online deal site. Groupon shares are still down 61 percent over the last 12 months, despite a 29 percent increase last week Friday.

National Museum of China ventures the online market

National Museum of China Opens Online Shop

China's National Museum is combining technology and tradition as it launched its online shop on Monday to widen its market for cultural products.

China will soon rate citizens based on their 'social status'

What Kind of Citizen Are You? China Soon to Rate Netizens with 'Social Credits'

What kind of citizen are you? In China, authorities are on the verge of creating an electronic database that would allow people to rate their fellow 1.3 billion netizens based on certain parameters.

Alibaba, Singles Day,

Alibaba Breaks Record for Single Day Sales, Topping $11 Billion Estimate

Chinese e-commerce company Alibaba recorded $14.3 billion in sales on Singles Day this past Wednesday; breaking its record last year during the same time and going past its estimates of $11 billion worth of sales.

Alibaba-backed MYbank gets approval

Alibaba Signs Deal to Develop Smart Cities in China

Chinese e-commerce giant Alibaba Group has signed a deal with the Beijing municipal government to jointly develop so-called "smart city" initiatives to move public services online.

Jack Ma CeBIT 2015

Alibaba Shows off 'Pay with a Smile' Technology at the CeBIT 2015

Users of the new payment system will have the ability to purchase items online by scanning their faces for secure transactions.

China’s Two Leading Taxi App Firms Agree to Merge

Didi Dache and Kuaidi Dache are used by 95 percent of Chinese taxi hailing app users.

baba

Alibaba to Launch Mobile Messaging App for Businesses

Chinese ecommerce giant Alibaba Group is currently testing DingTalk, a mobile messaging application that combines social networking with business.

Jack Ma

Jack Ma: Asia’s Richest Man

Chinese entrepreneur and philanthropist Jack Ma has been recently by Bloomberg Billionaires Index to be the Asia’s richest man. Ma who is founder and executive chairman of China’s Alibaba Group has surpassed Hong Kong property tycoon Li Ka-shing in terms of net worth. Li has been holding the top spot since April 2012.

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