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Alibaba Collaborates With Samsung for Mobile Payment

May 20, 2016 04:37 PM EDT

Alibaba Group Holding Ltd. has inked a new deal with Samsung Electronics Co. to giving a boost to mobile payments. The collaboration will help Samsung to gain a foothold in the Chinese market, while assisting Alibaba in expanding its global outreach.

Launch Of Fitbit Local Free Community Workouts In Boston At SOWA Power Station

Fitbit Launches Blaze, Alta in China

Charissa Echavez |

May 19, 2016 12:32 PM EDT

Fitbit officially unveiled Fitbit Blaze and Fitbit Alta in Alibaba's Tmall.com on Wednesday, May 18. According to the company, the move is aimed at encouraging health and fitness among the Chinese population.

Alibaba’s Jack Ma Cancels Talk at Anti-Counterfeiting Conference

Jenia Cane |

May 18, 2016 11:11 PM EDT

Alibaba Chairperson Jack Ma has decided to forego an anti-counterfeiting conference in the United States after the Chinese e-commerce giant's membership was suspended by the same group which organized the event.

The anti-counterfeiting group Suspended Alibaba's Membership.

Alibaba Suspended From Anti-Counterfeit Coalition Over Irregularities

Rina S. |

May 14, 2016 12:04 PM EDT

The International Anti-Counterfeiting Coalition announced that it has suspended Chinese e-com giant Alibaba’s membership. The action is believed to have been taken after objections from current members regarding Alibaba’s lax attitude towards listing fake goods. However, the real reason concerns irregularity in admitting Alibaba to the group.

Alibaba's Reported Higher Net Income and Revenue for the Quarter

Alibaba Reports Higher Earnings, But Misses Forecast

Rina S. |

May 06, 2016 08:31 AM EDT

China's biggest e-commerce company Alibaba has reported its fourth quarter earnings at 5.36 billion Yuan ($832 million), up from 2.89 billion Yuan in the corresponding quarter of last year. Its revenue for the quarter stood at 24.18 billion Yuan ($3.75 billion), up 39 percent on a year-on-year basis. The company's gross merchandise volume in China was reported at $115 billion, up 24 percent.

Uber and Alibaba have entered into a new Deal

Uber Collaborates With Alipay to Expand Reach in China

Rina S. |

May 04, 2016 10:30 AM EDT

Uber has announced that it is partnering with Alipay to gain a foothold in the lucrative Chinese market. Under the new deal, Chinese users will be able to use their Alipay accounts to settle the fare of their Uber taxi rides anywhere in the world.

China allegedly shuts down at least five online data storage provider.

Did the Chinese Government Really Order Online Data Storage Providers to Close Down?

Charissa Echavez |

May 02, 2016 07:13 AM EDT

At least five online data storage provider said that the Chinese government ordered them to close down their services, South China Morning Post reported. The move represents the country's extensive implementation to control online content in the mainland.

Alibaba founder Jack Ma stirred counterfeit product controversy by stating that Chinese-manufactured counterfeit goods are now even better than the genuine products.

Alibaba's Jack Ma Laughs off AC Milan Takeover Rumors

Charissa Echavez |

Apr 29, 2016 01:24 PM EDT

Alibaba founder Jack Ma has laughed off reports that he is planning to acquire the Italian football club, AC Milan.

Jack Ma is Bidding for Italian Football Club AC Milan: Report

Girish Shetti |

Apr 28, 2016 10:07 AM EDT

China's richest man and founder of e-commerce giant Alibaba Jack Ma is closing in on a takeover of Italian football giant AC Milan, according to newspapers in Italy.

China Proposes a New Law to Oversee Online Content

China Proposes New Law to Gain More Control of Web Firms

Rina S. |

Apr 28, 2016 07:27 AM EDT

Chinese authorities is pushing for a new regulation that will allow the state to have 1 percent share in major Chinese internet companies. The proposal will also ensure that the government receives a board seat in such companies.

Ant Financial Recieves $60 Billion Valuation

Ellie Froilan |

Apr 28, 2016 03:16 AM EDT

Chinese e-commerce giant Alibaba’s affiliate Ant Financial Services Group announced it has completed a huge new fundraising round, which can be used for expanding access to financial services in China's rural areas and improving the company's globalization.

China Freezes Alibaba and Disney Partnership: DisneyLife Down

Rina S. |

Apr 26, 2016 10:42 AM EDT

If you are in China and waiting to get some Disney treat, then you need to hold on for a while. China has suspended partnership between Alibaba and Disney, affecting airing of on-demand service DisneyLife. The collaboration was intended to bring Disney characters to China via Disney movies and back catalogs.

Tencent's WeChat officially launched work-only app WeChat Enterprise.

WeChat Officially Launches Enterprise WeChat

Charissa Echavez |

Apr 25, 2016 10:24 AM EDT

The battle to reign China's communications industry began on Monday when Chinese tech firm giant Tencent Holdings Ltd. officially kicked off its Qiye Weixin, or Enterprise WeChat, app.

Alibaba Health ventures with major insurance company to tap potential online health operations in China.

Alibaba Taps Online Health Insurance Operations, Invests $154M with Six Other Firms

Charissa Echavez |

Apr 25, 2016 08:02 AM EDT

Alibaba's healthcare subsidiary is setting up a joint venture with a Chinese insurance company, an attempt to tap China's online health insurance operations.

Alibaba Invests in 'Star Trek' and 'Teenage Mutant Ninja Turtles'

Rina S. |

Apr 20, 2016 08:24 AM EDT

Alibaba is on its way to become a global powerhouse, with interests in fields as diverse as e-commerce and entertainment. The company announced its two investments in Paramount Pictures, a major Hollywood studio. The investments have been made through Alibaba Pictures, which is a subsidiary of Alibaba. The company did not provide financial details of the deal.

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