Tag: Alibaba

Alibaba’s South China Morning Post Purchase Puts Focus On News Coverage

Chinese e-commerce boss Jack Ma is emulating America’s Amazon.com boss Jeff Bezos, who recently purchased The Washington Post, by purchasing his own media empire in Hong Kong, the South China Morning Post. Alibaba Group Holding Limited says it has entered into a definite agreement to acquire the South China Morning Post and other media assets […]

What Chilling Effect Would Alibaba’s Investment Have On Free Media?

The e-commerce giant Alibaba Group is reportedly planning a newspaper investment in Hong Kong’s South China Morning Post, according to multiple reports in Chinese local media. However, neither side has commented on or verified the news. South China Morning Post is reportedly the largest English-language newspaper in Hong Kong, with a circulation of about 110,000 […]

Chinese E-Commerce Eyes Stability During Year’s Biggest Shopping Day

In the West, today is the remembrance of the end of World War One. But in China, November 11 is Singles’ Day and the entire country has prepared for an online sales onslaught. In 2014, Alibaba posted more than USD9 billion in sales on China’s Singles’ Day. And this year rivals JD.com and Suning hope […]

Tmall.com Teams With Oil Giant For Mobile Payments

Chinese B2C e-commerce platform Tmall.com and China National Petroleum Corporation’s Hunan branch will integrate their resources to launch a mobile payment service model. Tmall.com, which is a subsidiary of Alibaba, said that the company will integrate Alibaba’s ecosphere to help CNPC Hunan implement an “Internet Plus” transformation that includes an online store, mobile payment, big […]

Uniqlo Closes Chinese Internet Shopping Retail Site

Days after a sex video filmed in Uniqlo’s Beijing store blew up the Chinese Internet, the Japanese apparel retailer says it has closed its flagship store on JD.com. The store was shuttered on July 20, 2015, after only three months of operation. On April 8, 2015, Uniqlo and JD signed a cooperation agreement and Uniqlo’s […]

Foreign Governments Join Chinese E-commerce Leader To Promote Global Trade

Alibaba is working directly with foreign embassies in China to expand its influence and sales potential around the world. The e-commerce company has opened 11 official country pavilions on its Tmall Global platform and cooperative partnerships between Juhuasuan, Alibaba’s group-buying platform, and 26 foreign embassies in China. A total of 11 countries, including United States, […]

Possible Class Action Suit Against Alibaba For Disclosure Failures

Alibaba and its executives may feel the sting of American jurisprudence as law firms line up for possible class action lawsuits in the United States against the Chinese e-commerce company. At least five law firms so far have expressed intentions to commence class actions against Alibaba. For example, a complain from Robbins Geller Rudman & […]

Asia Society Announces First Asia Game Changer Awards

New York, USA, September 17, 2014 /ChinaNewswire.com – Xinwengao.com/ – Asia Society today announced the first-ever Asia Game Changer Awards, designed to recognize those making a transformative and positive difference for the future of Asia and the world. This year’s honorees include 13 leaders and institutions from Asia and the U.S. “Asia Society is proud … >>>

This press release has been syndicated from China Newswire – Social Media Content Marketing Press Releases For China

South Korea’s Lotte.com Inks Internet Payment Deal With China’s Alipay

Chinese third-party Internet payment company Alipay revealed that the company has reached a deal with South Korean website Lotte.com to provide a RMB payment channel to Chinese users who shop on the website. Furthermore, the products purchased on the website will be directly shipped from South Korea to China. Lotte.com and the Lotte duty free […]

PBOC Halts Virtual Credit Cards And Mobile Payments In China

The People’s Bank of China has issued an emergency alert to stop the use of virtual credit card products as well as two-dimensional code payments that are often used with mobile devices. Chinese Internet companies like Alipay and Tencent previously launched such services. However, neither company has given any comment on the situation. The emergency […]

English Learning Website Gains Investment From Chinese Firms

Chinese e-commerce group Alibaba announced plans to invest in online English learning website TutorGroup. Along with investors Temasek and Qiming Venture Partners, the total investments made in this round with Alibaba are nearly USD100 million. This is reportedly the second round financing for TutorGroup. The company said that with the new investments, TutorGroup plans to […]

Email Confirms Jack Ma’s CEO Resignation At Alibaba Group

Jack Ma, chairman of the board of directors of Alibaba Group, sent an internal company mail, stating that starting from May 10, 2013, he will no longer serve as chief executive officer of Alibaba Group and will fully focus on the work as chairman of the group.

China’s B2B E-commerce Trade Reached CNY2.95 Trillion In H1 2012

Hangzhou-based China E-commerce Research Center has published a data monitoring report on the Chinese B2B e-commerce market for the first half of 2012, stating that by June 2012, the trade scale of the Chinese B2B e-commerce market reached CNY2.95 trillion, a year-on-year increase of 13%.

China’s Alibaba.com May Go Private

Alibaba Group and its Hong Kong-listed unit Alibaba.com have jointly announced that Alibaba Group has proposed an offer to the board of directors of Alibaba.com to take the company private.

Rovio Opens Angry Birds Store On Tmall.com In China

Rovio Entertainment Limited, developer of Angry Birds, has further expanded into the Chinese market by opening an official flagship store on Tmall.com, the B2C section of the Chinese e-commerce website Taobao.com.