Alibaba | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 08:06 PM IST

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Alibaba said on Wednesday it had purchased leading Pakistani online retailer Daraz.

China's Alibaba buys Pakistan e-commerce firm Daraz

The New York-listed firm added 98 million active consumers over the year ended March 31.

09 May 2018 4:39 PM

E-commerce titan Alibaba Group Holding Ltd has bought a Chinese microchip maker to further its cloud-based “internet of things” (IoT) business.

Alibaba buys Chinese chipmaker to aid IoT business

Alibaba aims to empower different industries through cloud-based IoT solutions.

20 Apr 2018 4:07 PM

Google’s rivals in searches and Internet browsers are holding out hope they’ll be better able to compete under a new EU regulatory regime. (Representational Image)

Google poised to emerge unscathed from European antitrust crackdown

The case is aimed at loosening its stranglehold over Android-powered smartphones and allow manufacturers to shape Android in their own ways.

13 Apr 2018 8:08 AM

SoftBank units will get a 21.1 per cent stake in Paytm E-commerce after the investment which would come in four tranches.

SoftBank, Alibaba to invest USD 445 mn in Paytm E-commerce

Alibaba, an existing investor in Paytm E-commerce, is also putting in $45 million in the round.

03 Apr 2018 8:28 AM

Alibaba's new commitment of capital and resources is good for Lazada and good for the Southeast Asia e-commerce market.

Alibaba doubles investment in Southeast Asia e-commerce firm

Alibaba already owns 83 per cent of Lazada with two investments totalling USD 2 billion as of June last year.

19 Mar 2018 12:52 PM

The deal comes as Apple is doubling down on the market and looking to strengthen ties with local Chinese partners and government bodies.

Apple brings Alibaba-linked payment system into China stores amid market push

The tie-up will make Alipay the first third-party mobile payment system to be accepted at any physical Apple store worldwide.

08 Feb 2018 2:04 PM

Alibaba invested $146 million in the grocer, subscribing to compulsorily convertible preference shares, BigBasket said in a filing to Indian regulators.

Alibaba invests heavily in BigBasket

BigBasket will use the funds to improve its technology, analytics, infrastructure and marketing

03 Feb 2018 10:06 AM

'If you want to be successful then you should learn from other's mistakes rather than their successes, the Alibaba group founder and chairman said. (Photo: AFP)

Globalisation can’t be stopped; if trade halts, war will follow: Jack Ma

The billionaire businessman emphasised that no one can stop globalisation and said that trade sanctions are like bombs.

24 Jan 2018 8:38 PM

The 4G Nokia 3310 was spotted on TENAA by NokiaPowerUser to run on android-based YunOS.

Nokia 3310 4G expected to run Android-based YunOS

Leaks reveal that the 4G-enabled 3310 could be running Android-based YunOS operating system.

02 Jan 2018 11:02 AM

The app is one part of a multi-billion dollar drive by Alibaba to extend its dominance of online shopping into physical stores.

Alibaba redraws retail fault lines with bricks-and-mortar push

Alibaba’s strategy echoes Amazon Inc’s $13.7 billion deal this year for organic offline grocer Whole Foods Market.

08 Dec 2017 1:40 PM

According to a report by Franchise India, the online grocery market is expected to be Rs 2.7 billion market by 2018-19.

Alibaba may pump in up to $300 million in BigBasket

Chinese e-commerce major had sought approval of CCI for acquiring stake in BigBasket.

08 Dec 2017 10:36 AM

UC Browser has been around from the old days of Nokia Symbian phones and has been downloaded over 500 million times from the Play Store.

UC Browser is back with updated app in Google Play

UC Browser is one the most popular browser in India. UC Web even claims that with a user base share of 45%.

22 Nov 2017 2:26 PM

Tencent Holdings is close to making Malaysia the first foreign country to roll out its WeChat ecosystem. (Photo: AFP)

Tencent on global path as it surpasses Facebook in valuation

Tencent has also made a 'breakthrough' in gaining an e-payment license in Malaysia and plans a launch early next year.

21 Nov 2017 12:44 PM

Alibaba said on Monday it would take a major stake in one of China's top food sellers for USD 2.9 billion. (File Photo)

Alibaba acquires USD 2.9 billion stake in food retailer

The Alibaba investment will integrate Sun Art's bricks and mortar stores with the online selling giant's platform.

20 Nov 2017 12:21 PM

India's e-commece sector is expected to rise to become a $40 billion market in next few decades. (Representational image/Photo: PTI)

E-commerce sector gets $2.1 bn in July-Sept; defies eco slowdown

Investmensts in ecommerce companies from foreign players during three months rose 17 per cent.

17 Oct 2017 4:00 PM

Alibaba currently has 25,000 engineers on staff, it says, and says the new research infrastructure will help them meet a goal of two billion customers within two decades.

Alibaba to launch $15 billion overseas research hub drive

The Alibaba ‘Damo’ academy would launch eight research bases and will be hiring 100 researchers to work on artificial intelligence (AI).

13 Oct 2017 1:44 PM

Alibaba's UC Browser has come under the government's scanner for alleged leak of mobile data of its Indian users.

Alibaba owned UC Browser under govt lens over data leaks of Indian users

The government probe comes amid tensions between India and China and could lead to ban of the browser in India.

22 Aug 2017 8:16 PM

Overall revenues in quarter rose 56 per cent to 50.2 billion yuan, beating the $7.2 billion average of analyst estimates compiled by Bloomberg.

Alibaba profit nearly doubles on robust revenues

Alibaba said net income in the quarter which ended June 30 was 14.7 billion yuan ($2.2 billion).

17 Aug 2017 5:13 PM

SoftBank quarterly sales added 3 per cent to 2.19 trillion yen ($20 billion).

SoftBank reports drop in quarterly profit on Alibaba stake

SoftBank quarterly net profit was 5.5 billion yen ($50 million), down from 254 billion yen previous year.

07 Aug 2017 12:49 PM

Company claims to have already sold over 100 kgs of gold through its platform in two months.

Paytm bullish on 'Digital Gold'

Paytm had partnered gold refiner, MMTC-PAMP to allow consumers to buy gold for as low as Re 1.

05 Jul 2017 8:10 PM

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Dilip Cherian