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Alibaba Looks to Increase Investment in ASEAN

Sep 12, 2016 12:10 PM EDT

E-commerce giant Alibaba is planning to boost its presence in member countries of the Association of Southeast Asian Nations (ASEAN).

Ant Financial Will go for an IPO ‘Someday,’ Says Alibaba Boss Jack Ma

Girish Shetti |

Sep 07, 2016 12:41 PM EDT

Ant Financial, the financial division of Chinese tech giant Alibaba Group, would look to raise capital through an initial public offering (IPO) 'someday,' Alibaba's founder and executive chairman Jack Ma said on Tuesday.

Indonesia Wants Alibaba's Jack Ma to Lead e-Commerce Development

Ellie Froilan |

Sep 06, 2016 09:38 AM EDT

Indonesian President Joko Widodo has invited Jack Ma to be an economic advisor to develop the country's e-commerce industry.

Alibaba’s Revenue Boosted by Mobile Growth and International Sales

Girish Shetti |

Aug 12, 2016 12:53 PM EDT

Chinese e-commerce giant Alibaba has smashed market expectations in the second quarter by posting its best-ever revenue since being listed on the American stock exchange in the late 2014.

Alibaba to Expand Business Operations in Russia

Ellie Froilan |

Aug 09, 2016 04:05 PM EDT

Alibaba has announced plans to expand its business operations in Russia.

Among the Chinese investors buying the Caesars Interactive Entertainment’s online games unit Playtika include Jack Ma.

Chinese Consortium to Acquire Caesars' Games Unit Playtika for $4.4 Billion

Ellie Froilan |

Aug 03, 2016 11:30 AM EDT

Chinese investors led by Shanghai Giant Network Technology Co. and e-commerce company Alibaba Group founder Jack Ma have agreed to acquire Caesars Interactive Entertainment’s online games unit Playtika Ltd. for $4.4 billion in cash.

A Chinese consortium led by Shanghai Giant has agreed to buy Caesars Interactive Entertainment's Playtika in a $4.4 billion deal.

Chinese Consortium to Take Over Caesars Online Game Unit Playtika for $4.4B

Charissa Echavez |

Jul 31, 2016 01:38 PM EDT

A Chinese consortium including game developer Shanghai Giant Network Technology Co Ltd and e-commerce giant Alibaba Group Holding Ltd. founder Jack Ma has agreed to buy Playtika, the social casino game firm owned by Caesars Interactive Entertainment Inc for $4.4 billion.

Alibaba aims to open its first local office in Melbourne by the end of 2016.

Alibaba Expands Operation to Australia

Ellie Froilan |

Jul 19, 2016 08:35 AM EDT

Alibaba is planning to expand its operation to Australia and New Zealand.

Alibaba Founder Jack Ma Says Probe Helps Company to be Understood

Phenny Lynn Palec |

Jul 11, 2016 06:20 PM EDT

Alibaba founder and chief executive officer Jack Ma stands resilient amidst the trove of controversy his company is in. Ma is, in fact, encouraging lawsuits and investigators which he sees as good opportunities for his company to be better understood.

Softbank Announces June 20 Commercial Launch Of Pepper Humanoid

Alibaba Hosts First Philanthropy Conference in China, Donates $47M for Environmental Fund

Charissa Echavez |

Jul 11, 2016 08:35 AM EDT

Alibaba Foundation established by Alibaba Group hosted a first-of-its-kind philanthropy conference called Xin Philanthropy Conference on July 9 and 10 in Hangzhou. The conference brought together leaders and philanthropy pioneers from around the world to exchange ideas, inspire a new generation, and create a positive impact on the world.

Check Out Alibaba's First "Internet Car"

Charissa Echavez |

Jul 07, 2016 04:46 PM EDT

China's Alibaba is officially in the car business as it recently introduced its first "internet car" Roewe RX5 SUV model in partnership with China's biggest car maker SAIC Motor Corp. on Wednesday at an event in Hangzhou.

Alibaba-Owned Alipay in Talks to buy 25 Percent Stake in German Company Wirecard AG: Report

Girish Shetti |

Jun 27, 2016 05:04 AM EDT

Reports in German media are claiming that the German banking software company Wirecard AG is in talks with top representatives of China's financial services company Alipay.

Jack Ma: Counterfeit Goods Unwelcome on Alibaba

Phenny Lynn Palec |

Jun 27, 2016 03:52 AM EDT

Alibaba founder and multibillionaire Jack Ma recently wrote an editorial published in the Wall Street Journal restating his stance on pirated goods, especially the ones being peddled on his online marketing platform.