AutoNavi is almost sure to become food on Alibaba’s plate. According to latest news, the two companies has already nailed an acquisition agreement, meaning that Alibaba will acquire the remaining 72% of AutoNavi’s stake, with an evaluation of around $1.5 billion, up more than 40% from last May when Alibaba first bought AutoNavi’s shares. At […]
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Demystify Alibaba’s Money Fund Yu’E Bao
Alibaba’s money fund Yu’E Bao belongs to Tianhong Asset Management, which was found on May 29 in 2013. How did Yu’E Bao perform in the past 2013?
Alibaba’s CEO Jack Ma On Fortune Top 50 Greatest Leaders in 2014
Fortune Magazine named “Top 50 Greatest Leaders”on March 20 in 2014, Amazon’s CEO Jeff Bezos ranked the NO.10, the highest ranking for IT leaders. Chinese leader, Alibaba’s CEO, Jack Ma also named on the list, before Apple’s CEO Tim Cook and Youtube’s CEO Susan Wojcicki.
Alibaba Upgrades Integration With Sina Weibo in 8 Aspects
On March 15, 2014, Sina Weibo filed for a USD 500 million IPO on the Nasdaq. In April 2013, Alibaba purchased Sina Weibo’s 18% stake with USD 585.8 million, which brought USD 49.14 million advertising revenue in 2013. It accounted for 33% of advertising revenue. The deal also secured that Alibaba an option which allows […]
Alibaba Confronts With Amazon in Cloud Computing
As Jack Ma, founder of Alibaba, announced the strategy of “cloud app”, the two global giants in e-commerce – Alibaba and Amazon confronted with each other in cloud service. In Beijing office, AWS (Amazon Web Service) China was fighting for their goal in the first quarter of 2014: the first batch of Chinese clients will […]
Alibaba B2B Transaction Reaching USD 50M per Day in 2013
Alibaba vice president revealed in public that Alibaba B2B platform 1688.com achieved daily transaction of 300 million yuan (USD 49.1 million) after a year’s transition to online wholesale transaction platform.
Baidu Finance Center Outperformed Alibaba Yu’E Bao On the First Day
Baidu launched its finance center on October 28, 2013, within 5 hours, Baidu sold out 1 billion yuan (USD 163 million) worth of money fund. Baidu aimed at offering a finance product with a 8% annual percentage yield (APY) in cooperation with China AMC (China Asset Management Co.). Over 120,000 users bought Baidu money fund, […]
Alibaba Yu’E Bao Fund Size Hit 55.6 Billion Yuan
By the end of September 2013, Yu’E Bao Tianhong Asset Management fund reached 55.6 billion yuan (USD 9.08 billion), the largest fund in China market. The total fund size of Tianhong Asset Management had increased 4 times. Yu’E Bao fund reached 4.24 billion yuan (USD 693 million) in Q2 2013, growing by 1211.33% in Q3. […]
Alibaba Expanding to Educational with Taobao Tongxue
Taobao educational platform Taobao Tongxue, which literally means Taobao Classmates, was launched in August 2013. It combined offline education with online alive educational videos, including K12 entrance exam, vocational training and other mainstream educational aspects. Also, Taobao Tonxue allows users to set up their own courses, as long as their uploaded courses meet Taobao’s requirements, […]
Alibaba B2B Single Day Transaction Broke USD 679 Million
1688.com, Alibaba’s domestic B2B platform in China, announced on September 5 2013, that the total amount of online transaction on September 4 2013 broke 4.19 billion yuan (USD 679 million). A new record in global B2B market. On September 4, 2013, 230,000 sellers on 1688 made 2.52 million transactions, online transaction in single day mounted […]
Alibaba and Tencent Challenging Banks?
Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing. At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all […]
Tencent’s Latest Weibo Threatening Alibaba Taobao
Taobao stated on August 12 shutting down QR code access within one month. Alibaba said this was to prevent possible advertising and even fraud from some sellers, who used QR code to avoid normal transaction procedures on Taobao. About 10 days ago, Taobao just shut down the interface between its platforms and Tecent’s Wechat (or Weixin […]
Alibaba and Sina Exploring “Social Commerce” Business Model
Alibaba and Sina released “Weibo for Taobao” version on August 1, 2013. Before that, they had linked their accounts, and cooperated in various areas, such as exchanging and sharing their user data, online payment and internet marketing, etc. They combined social media and E-business platform to explore a totally new area: Social Commerce.
Alibaba Released Weibo for Taobao with Sina
Alibaba announced Weibo for Taobao on Aug 1 2013, merely three months after investing 586 million in Sina Weibo, which was announced on April 29, 2013. The collaboration has two major benefits. Users can bundle their Sina Weibo and Taobao account together, saving them time to register and log in. Taobao sellers coud upload more […]
Alibaba Has Become the Top-Earning Internet Company
With the release of Alibaba’s Q4 financial results in 2012, the rank of top 3 internet companies, including Baidu, Alibaba and Tencent, has changed finally. Because of the great performance in the last quarter of 2012, Alibaba has risen to the top, becoming the top-earning internet company.