Alibaba

At 7 p.m. on Tuesday, dozens of people crowd a hotel lobby five minutes from Beijing's Water Cube, the former Olympic swimming center now serving as the venue for Alibaba's Singles Day fete. “Hey international media, your bus will be here soon,”  Alibaba Group reaped $14.3 billion in sales during Singles' Day, a 54 percent … Read more

"The stock was up initially until Jack Ma made some cautionary comments about growth expectations in China and the impact on Alibaba," explained Victor Anthony, managing director and senior internet media analyst at Axiom Capital Management. Alibaba (BABA) reported blockbuster sales for Singles' Day, as Chinese consumers kept spending despite what appears to be a … Read more

Chinese e-commerce giant Alibaba often gets mentioned as Amazon's main competitor, but Alibaba founder and chairman Jack Ma doesn't believe it's a fair comparison. He says the two companies run on completely different models, and if anything,  Alibaba's gross merchandise volume (GMV) for only mobile sales topped the company's entire GMV in 2014, with 94 … Read more

Alibaba just reported its first quarterly earnings since going public, and shares of the company are rallying to new highs. The $250 billion Chinese e-commerce giant reported earnings per share of $0.45 on revenue of $2.74  When Alibaba raised $25 billion in its blockbuster I.P.O. in September, U.S.-based e-commerce companies were curious to know when … Read more

An Alibaba executive said today that the Chinese e-commerce company and Apple are currently in talks over a partnership to provide a payments solution for China, reports The Wall Street Journal. The comments were  The event takes place on the Chinese “Singles' Day” (the 11/11 date was chosen specifically because the 1s represent the "singles") … Read more

Alibaba pulled in a record-breaking $9.3 billion in sales on Singles' Day, the biggest online shopping day in the world, the company said Tuesday. The sales number blows past Alibaba's previous record of nearly $5.8 billion during the 24-hour period on Chinese online retailer Alibaba is not afraid to make waves. After putting the world … Read more

The two most popular Alibaba websites — Taobao and Tmall — are Chinese marketplaces and rather inaccessible if you don't know the language, but there's also Alibaba.com, an English site for sales between importers and  In comments reported last October, Jonathan Lu, Alibaba's chief executive, predicted the company will overtake Walmart to become the world's … Read more

BEIJING – You might be millionaires, but please spend wisely. In recent months, as the IPO of Chinese Internet giant Alibaba loomed into view, founder Jack Ma kept warning his employees. "We've worked so hard, but not for the sake of turning into a BEIJING – You might be millionaires, but please spend wisely. In … Read more

Way back in August 2005, Yahoo had officially decided to invest $1 billion in Alibaba in exchange for about 40% stake in the company. The celebration of that announcement took place in the China World Hotel in Beijing, but  Way back in August 2005, Yahoo had officially decided to invest $1 billion in Alibaba in … Read more