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Jack Ma – What’s next?
Alibaba co-founder and executive chairman Jack Ma, 53, is stepping down as chairman of its board to pursue philanthropic endeavors focused on education. The …
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Alibaba and Ant Financial Aim to Capture China’s Local Service Market
Alibaba Group Holding Ltd. and its affiliate partner Ant Financial Services Group announced today that both the companies will invest around $1 billion and …
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Alibaba to Launch Netflix-Style of Movie Streaming Business in China
E-commerce giant – Alibaba is planning to model China’s version of Netflix Inc., and HBO by using a new movie streaming services called Tmall …
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Alibaba Group to set up IT Joint Venture Deal With Dubai-Based Meraas
On Tuesday, Jack Ma, Executive Chairman of the e-commerce tech giants Alibaba Group revealed that Aliyun, the subsidiary of Alibaba Group, has established a …
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Apple Inc. To Launch Mobile Payment System In China
Apple Inc. is entering into a partnership with Alibaba Group Holding Ltd and Chinese banks to bring the firm’s mobile payment system in China. …
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Activist Investor Pushes Marissa Mayer to buy AOL
Activist investor Jeffrey Smith, in a letter on Friday urged Yahoo Inc. to buy AOL Inc. and to head in a direction where they …
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Alibaba bets on Jonathan Lu as new CEO
On the 11th of March, Chinese online giant Alibaba Group informed that its executive vice president Jonathan Lu would take the helm from current chief executive officer Jack Ma. The nomination was announced amid growing speculation over its forthcoming initial public offering.
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Making Alibaba.Com Private to Withstand Pressures
The publicly traded Chinese internet giant Alibaba.com Ltd. would be made private in a US$2.3 billion deal to shore up the business-to-business portal by Alibaba Group Holding Ltd. The Chinese group, Alibaba Group Holding Ltd, which owns 73% of Alibaba.com, believes that the move would free it from ‘the pressures’ of having a listed company.
