Till 16 October in China, total number of Alipay Wallet’s active users exceeded 190 million and the daily mobile payment transaction volume exceeded 45 million, accounting for more than 50% of total Alipay transactions.
Tmall Targets to Generate RMB 50 Bln Revenue on Double 11 2014
It is leaked on China internet that Tmall’s goal for transaction value on Double 11 (11 Nov 2014) is expected to reach RMB50 billion ($8.16 billion) in 2014. In 2013, Tmall created an one day sales record of RMB35 billion ($5.7 billion) on double 11, which had great impact on China retail market.
Alibaba Invests $50M in Smart Remote App Peel
As part of Alibaba Group’s “live @ Alibaba” vision to diversify the company’s products and services and become central to the everyday lives of consumers, it invests $50 million in smart remote app Peel.
Alibaba Invested in China Hotel IT Provider for Taobao Travel
Taobao has agreed to invest RMB2.81 billion in Beijing Shiji Information Technology Co. Ltd (Shiji Information) who is listed on Shenzhen Stock Exchange (code: 002153), a China-based hotel information technology provider, in return for a 15% stake according to Alibaba Group press release.
INFOGRAPHIC: Alibaba Investment Timeline 2005-2014
Check out this infographic to have an overview of Alibaba Group’s investment and acquisitions since 2005 before its IPO.
INFOGRAPHIC Alibaba V.S. JD.com by Numbers
Alibaba and Jingdong (JD.com) are the two e-commerce giants in China and now both public listed; you may be wondering how one compares with the another. Here is a simple infographic comparing Alibaba and JD.com by numbers.
CNN: Alibaba Not Best Chinese Stock BUT Baidu
As Alibaba is raising $25 billion in an IPO, it’s become a very hot stock being chased by many investors. But CNN doesn’t think BABA is the best Chinese stock to invest in.
Alibaba IPO Roadshow Presentation Videos
Alibaba Group, China’s e-commerce giant, profit tripled to $2 billion in Q2 2014, and it is raising $21 billion in an IPO and here are six videos helping you have a better understanding of its marketplaces.
Rovio’s Angry Birds Stella Available in China on Alibaba Mobile Apps
Rovio’s Angry Birds Stella is available for download through Alibaba’s mobile apps such as its Taobao online shopping app, Laiwang chat app, and Alipay’s smartphone app, Alipay Wallet.
Alibaba Chairman Jack Man is the Richest Man in China
The founder and chairman of Alibaba Group, Jack Ma (or Ma Yun), has a net worth of $21.8 billion, according to Bloomberg.
China Online B2B E-commerce Market Overview in Q2 2014
China B2B e-commerce market revenue has exceeded RMB4.53 billion (US$740 million), an increase of 6.1% from the prior quarter in the same year and by 57.29% from prior year period according to the latest data from Enfodesk.
Is Alibaba’s SM.cn The Second Largest Mobile Search Engine?
According to China Mobile gateway traffic data recently leaked on Weibo, Shen Ma Search (m.sm.cn) was the second largest mobile search engine in June after Baidu:
China Mobile Shopping Market Exceeded $27B in Q2 2014, 26.8% of Total Online Shopping Transactions
China mobile shopping market total transactions reached RMB168.39 billion (US$27.3 billion) in the second quarter of 2014, representing 26.8% of total online shopping transactions in the same period in China, an increase of 24.6% compared with the first quarter.
Alibaba Opening Up Its Search Technology
Aliyun, Alibaba Group’s cloud computing services company, announced a search product, OpenSearch.
Taobao‘s Xianyu for the second-hand Market
Taobao updated and re-named Taobao Secondhand mobile apps to Xianyu in July 2014,targeting the secondhand products marketplace.