Alibaba executive Patrick Liu Chunning arrested by Chinese authorities in corruption probe July 10, 2015 Senior Alibaba executive Patrick Liu Chunning has been arrested over allegations of corruption during his time at Tencent, a rival Chinese internet firm. Read more: Alibaba wants to create China's HBO and Netflix equivalent In a statement Alibaba insisted the Chinese authorities' probe had "nothing to do with" its own operations. Liu is vice president of [...]
Alibaba wants to create China’s HBO and Netflix equivalent June 14, 2015 Alibaba is releasing a Netflix-style streaming service in two months, the firm's head of digital entertainment revealed today. The service will be called Tmall Box Office – "TBO" for short – and will feature Alibaba-produced content as well as programming acquired from China and other territories. Read more: Alibaba Pictures share price tumbles following $1.6bn placement [...]
Alibaba founder Jack Ma’s three tips for small business owners June 11, 2015 If there's one person small business owners would want to learn from, the richest man of the world's second-largest economy who was also the guiding force behind the biggest IPO in history wouldn't be far down the last. Luckily, Jack Ma has shared his three tips for small business owners in a conversation with American [...]
As Jack Ma goes on a US charm offensive, does Alibaba pose a real threat to Amazon and Ebay? June 10, 2015 Mike van Dulken, head of research at Accendo Markets, says Yes In terms of sheer size, accounting for 80 per cent of all Chinese online shopping, with volume growth easily outstripping rival internet retailers thanks to 1bn items on offer to 350m buyers, and with 30m shipments made per day, fast-growing behemoth Alibaba represents a [...]
Alibaba Pictures share price tumbles following $1.6bn placement June 4, 2015 Alibaba Pictures' share price has dropped over eight per cent on the Hong Kong Stock Exchange as it announced a massive share sale expected to raise at least HK$12.1bn ($1.6bn/£1.2bn). Read more: Alibaba will invest in Jackie Chan movies The company is a separately traded unit of the New York-listed ecommerce giant Alibaba, formed last year [...]
Top 100 firms double in value to $16.2 trillion: Apple heads list as HSBC named UK’s most valuable company June 1, 2015 The world’s biggest 100 firms now have a combined value of more than $16 trillion (£10.7 trillion), almost double their market capitalisation in 2009, a PwC study reveals today. Technology firms have driven the boom in valuations – just 12 firms in the sector have a combined valuation of $2.8 trillion. Six years ago, the [...]
These are the most valuable brands in the world: Apple, Google, Microsft and IBM dominate in BrandZ 2015 ranking as tech triumphs May 27, 2015 Apple has overtaken Google as the most valuable brand in the world, reassuming the top spot in an annual ranking in which technology dominates. The value of the Apple brand grew 67 per cent, with an estimated worth of more than $245bn. The stellar performance of Apple over the past year pushed Google into second [...]
Yahoo’s share price plummets as IRS gets ready to make it harder to sell its Alibaba stake May 19, 2015 Shares in US tech giant Yahoo plummeted 7.5 per cent as trading finished in New York, after reports suggested the US' Internal Revenue Service (IRS) is getting ready to introduce new rules which might make it more difficult for the company to shed its stake in Chinese online retailer Alibaba. Yahoo has already made it [...]
Alibaba dismisses Kering lawsuit over faked goods as “wasteful litigation” May 18, 2015 Alibaba has dismissed the lawsuit brought by luxury giant Kering over counterfeit merchandise as “wasteful litigation”, saying it will fight the case “vigorously”. Kering, which owns high end brands such as Gucci, Alexander McQueen, Saint Laurent and Balenciaga, is suing the Chinese etailer over claims it is complicit in the sale of fake handbags, watches [...]
Alibaba share price jumps as it appoints new chief executive May 7, 2015 Shares in Chinese ecommerce giant Alibaba leapt more than 10 per cent in pre-market trading today after it announced it has hired a new chief exec, after months of declines in its share price. The company – often described as the "Chinese Ebay" – said Daniel Zhang, currently its chief operating officer, will take the [...]