Apple has announced that it is planning to launch its payment service in China, possibly as early as sometime next year. The move will put Apple in competition with Chinese companies Alibaba and Tencent. Apple […]
Tag: Alibaba
China’s Alibaba, Baidu and Tencent Form ‘Internet-Plus Alliance’
At the World Internet Conference in China, the country’s three largest Internet powerhouses announced that they have formed an “Internet-Plus alliance.” Li Shilin, the alliance’s vice-secretary reported that, “We will provide new momentum for economy […]
Yahoo Surprises Everyone By Keeping Alibaba Stake And Company Spin-Off
On Wednesday, Yahoo made the shocking announcement that it will not sell its $31 billion stake in Chinese e-commerce company Alibaba. Rather than drop its critical holding in the Chinese giant, Yahoo will convert virtually […]
Yahoo’s Slow Decline Could Finally Be In Its Last Days
This could be the beginning of the end for Yahoo, as the company’s board of directors will discuss the possibility of selling its core internet business at a meeting later this week. The news comes […]
Key Holiday In China Results In Record Breaking Sales For Alibaba
The giant Chinese e-commerce company Alibaba recently broke its own sales record for China’s Single Day, which is the world’s single largest online shopping event. By the end of the day, the website had managed […]
Marissa Mayer’s Next Move: Pay Someone Else $1 Million Per Month To Fix Yahoo
The troubled website Yahoo has hired the management and consulting firm McKinsey & Co. to assist with the reorganization of its core businesses. While Yahoo desperately needs some help, the move is somewhat questionable for […]
Chinese and Taiwanese Business Giants Partner For Global Domination
The countries where they are headquartered may be politically and territorially at odds, but China’s Alibaba has formed a partnership with Taiwan’s Foxconn to encourage the next generation of world dominating businesses. Alibaba is China’s, […]
American Group Fighting Chinese Company Alibaba Over Counterfeit Goods
One group from the United States wants the American government to return Taobao to the list of “Notorious Markets for Counterfeit Goods”. Taobao is part of Chinese e-commerce giant Alibaba. According to the American Apparel […]
The Amazon Of China Just Entered The Business Of Sports And Nobody Knows What To Expect
Chinese ecommerce giant Alibaba’s foray into sports has sent tongues wagging across the globe. The owner of Asia’s largest marketplace has expressed interest in dominating multiple spheres of online industries, with sports being its latest […]
Alibaba Hires Ex-Goldman Banker To Wage Global War On Amazon
Chinese ecommerce giant Alibaba has hired ex-Goldman Sachs vice-chairman Michael Evans as its new president, charging him with leading its global strategy. Evans is a board member of the company and has known Alibaba founder […]
Amazon’s Cloud Facing Wave Of Competition From Alibaba And Google
The Alibaba Group, China’s e-commerce giant, has US rival Amazon in its sights and its not just about online retail. The chinese juggernaut is increasing its investment in overseas data centers over the next 18 […]
Ecommerce Giant Alibaba Launches Sperm Donor Program To Help Chinese Birth Rate
In an attempt to contend with their shortage of sperm donors in some provinces, Chinese sperm banks are looking to popular e-commerce site Alibaba, which has been offering a promotion from interested sperm banks of […]
History Making Human-Like ‘Pepper’ Robot Sells Out In Under A Minute
Usually consumer gadgets that sell out in a minute carry a certain fruit logo but Japanese tech giant Softbank has a new type of hit product on its hands: Human-like robots. SoftBank’s newly launched Pepper […]
Chinese Tech Giant Alibaba Is Launching Cloud Computing Attack On Amazon, Google And Others
If you think Chinese companies do business in China and that’s about it, you’re sorely mistaken. China’s tech leaders – Alibaba, Xiaomi, Baidu and others – are now massive tech giants, on par with American […]
Alibaba Re-Organization Reveals Dramatically Slowing Chinese Economy
In a very surprising move Chinese e-commerce giant Alibaba Group Holding Ltd is freezing hiring for the rest of the year because it has grown “too quickly”, according to Executive Chairman Jack Ma. “Alibaba has […]