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Chinese delivery and logistics giant ZTO Express has announced terms for its IPO.

China’s ZTO Express Aims for Biggest Chinese IPO Since Alibaba

Oct 16, 2016 09:24 AM EDT

Chinese delivery and logistics giant ZTO Express has announced terms for its IPO. The Shanghai-based company is looking to raise up to $1.3 billion worth of funds from the market. It is likely to be the biggest US IPO for 2016. The logistics firm plans to sell 72.1 million shares in the price bond of $16.50 and $18.50.

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

Alibaba Puts Strategic Investment on PlaceIQ

Ellie Froilan |

Oct 14, 2016 08:14 AM EDT

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.

Wanda’s Wang Jianlin Beats Jack Ma to Become China’s Richest Man

Rina S. |

Oct 13, 2016 04:23 PM EDT

Chinese real estate tycoon Wang Jianlin has once again be crowned the richest man in China. He beat Alibaba founder Jack Ma and others to top the list.

VR Pay is expected to launch commercially in China by the end of 2016.

Alibaba Unveils New Payment System that Asks Consumers to Just Nod Their Heads

Ellie Froilan |

Oct 13, 2016 02:41 AM EDT

Alibaba has unveiled its new payment system that will let shoppers in VR malls to pay for goods in the future by just nodding their heads.

JD.com’s online resources will help Wal-Mart to increase online shoppers.

Wal-Mart Increases Investment in China's JD.com

Ellie Froilan |

Oct 10, 2016 06:24 AM EDT

Wal-Mart has increased its investment in China's JD.com, boosting its stake in the Chinese e-commerce giant.

Chinese billionaire Jack Ma’s Alibaba Pictures has inked a deal with Steven Spielberg’s film company Amblin.

Jack Ma, Steven Spielberg Collaborate for Film Production, Distribution

S. Rina |

Oct 09, 2016 09:33 PM EDT

Chinese billionaire Jack Ma's Alibaba Pictures has inked a deal with Steven Spielberg's film company Amblin as they collaborate for film production and distribution.

Madhur Deep will lead the strategy and investment teamof Alibaba in India.

Alibaba Appoints Former McKinsey Exec Madhur Deep as New Senior VP in India

Ellie Froilan |

Sep 27, 2016 10:22 AM EDT

Alibaba has hired former McKinsey and Goldman Sachs executive Madhur Deep to lead its strategy and investment team in India.

Alibaba's Jack Ma has downplayed the possibility of a trade war erupting between China and the US.

Alibaba's Jack Ma Becomes Special Advisor for UN Conference on Trade and Development

Ellie Froilan |

Sep 23, 2016 02:20 PM EDT

Alibaba founder Jack Ma has been appointed as a special advisor to the United Nations (UN) Conference on Trade and Development (UNCTAD) for Youth Entrepreneurship and Small Business.

Alibaba to Pass Baidu as China’s Biggest Digital Advertising Provider

Phenny Lynn Palec |

Sep 22, 2016 10:24 PM EDT

Many market experts predict that Chinese e-commerce giant Alibaba will overtake fellow Chinese tech giant Baidu in terms of advertising revenue this year.

Alibaba Strengthens B2B Operations in India

Ellie Froilan |

Sep 20, 2016 06:19 PM EDT

Alibaba is taking further steps to improve its business-to-business (B2B) marketplace venture in India by establishing expanded Trade Facilitation Centre (TFC) program with new partners.

Tencent Pictures Joins Turner Asia-Pacific to Create Tuzki 3D Animated Film

Ellie Froilan |

Sep 20, 2016 06:13 PM EDT

Tencent Pictures is teaming up with Turner Asia-Pacific to develop a combined 3D animated and live action movie based on WeChat’s Tuzki, a popular cartoon rabbit emoticon.

Alibaba closed at $104.64 per share on the New York Stock Exchange.

Alibaba Becomes Asia's Most Valuable Company

Ellie Froilan |

Sep 19, 2016 06:59 AM EDT

Alibaba has become the most valuable company in Asia; with a market value of more than $266 billion.

Alibaba give out one free box to each employee for the holiday, and sells extras on its site at 59 yuan (about $9) for a box of four.

Alibaba Fires 4 Programmers for Hacking Mooncake Sale

Ellie Froilan |

Sep 15, 2016 12:46 PM EDT

Alibaba has fired four employees in its security department for reprogramming an internal system to steal more than 100 boxes of mooncakes.

Alibaba Finance Affiliate Ant Financial Acquires Eye-Scan Firm EyeVerify for $100 Million

Ellie Froilan |

Sep 14, 2016 02:16 PM EDT

Alibaba Group payment affiliate Ant Financial Services has acquired EyeVerify Inc. to expand its business operations in the United States.

Audi Signs Memorandum of Agreement With Alibaba, Baidu, Tencent

Phenny Lynn Palec |

Sep 13, 2016 09:20 AM EDT

As part of its bid for the future of the connected cars market, Volkswagen luxury car brand Audi has signed a Memorandum of Understanding (MOU) with three Chinese tech giants: Alibaba, Baidu, and Tencent.