The Alibaba giant is born

Introduction
The Alibaba giant is born
  • Alibaba Group Holding Limited is a Chinese e-commerce giant that provides "consumer-to consumer, business-to-consumer, business-to-business'' sales services through online websites.
  • The company was founded in 1999 by Jack Ma (richest man in China).
  • The company which is the fastest growing online portal, also provides online payment services along with a retail search engine and offers data-centric computing services.

Largest e-commerce site in the world

Fact
Information

A survey by United Nations Conference on Trade and Development (UNCTAD) ranked the Alibaba Group as the "world's largest e-commerce company by gross merchandise value-volume of goods and services being transacted", followed by Amazon and eBay.

Alibaba gets 18% stake in Chinese Weibo

30 Apr 2013
Alibaba gets 18% stake in Chinese Weibo
  • Alibaba Group Holding Ltd. bought an 18% stake in Sina Corp's Weibo for $586 million.
  • This deal would connect China's biggest e-commerce company with the nation's largest Twitter-like service.
  • Alibaba had the option of increasing its stake to 30% at "a mutually agreed valuation" later.
  • The companies said they will also work on "user-account connectivity, data exchange, and online payment and marketing."

Alibaba's stake in Weibo increased

Fact
Information

As of 2015, Alibaba holds a 32% stake in Weibo.

Alibaba on an investment spree

Apr 2014
Alibaba on an investment spree
  • In order to strengthen its media presence, Alibaba made 4 sizeable investments between March-April 2014.
  • It first invested $280million in Tango, a US-based messaging app.
  • It paid $800million for the Hong Kong-based ChinaVision (later renamed as Alibaba Pictures Group).
  • In April 2014, Alibaba invested $1.05billion along with associates in Wasu Media, a digital content provider. $1.22billion was invested in Youku Tudou: a video-streaming site.

Alibaba buys 2.4 billion of Enlight media shares

4 Mar 2015
Alibaba buys 2.4 billion of Enlight media shares
  • Furthering its push into show business, the Alibaba group bought a $382 million stake in Beijing Enlight Media Co., a Chinese production company.
  • Enlight Media declared that it had sold "2.4 billion yuan of shares to Hangzhou Ali Venture Capital Co., a subsidiary of Alibaba Group."
  • Alibaba said that it hoped to draw more users and generate revenue through such media acquisitions.

Alibaba building its news network

29 Nov 2015
Alibaba building its news network
  • In May 2015, Alibaba made its foray into the news-world by investing in Beijing Youth Community Daily.
  • Subsequently, it acquired a Bloomberg-like financial news and data provider China Business Network in June 2015.
  • Continuing the trend, Alibaba launched Wujie Media, an online news provider, in partnership with financial magazine Caixin and the Xinjiang government in September 2015.

Alibaba acquires HK's South-China Morning Post for $266 mn

14 Dec 2015
Alibaba acquires HK's South-China Morning Post for $266 mn
  • Alibaba Group Holding Ltd invested $266 million in a deal to acquire SCMP Group Ltd's South China Morning Post and its other media assets.
  • SCMP Group Ltd said an "uncertain" future for conventional publishing was the key rationale behind the sale.
  • This all-cash acquisition transfers control of the 112-year-old English newspaper to Chinese billionaire Jack Ma from Malaysian tycoon Robert Kuok.

Alibaba steps into Hollywood

10 Oct 2016
Alibaba steps into Hollywood
  • Alibaba Group Holding Ltd.'s Jack Ma and the highest grossing director of Hollywood, Steven Spielberg today entered a partnership.
  • This partnership of Alibaba Pictures Group Ltd. and Amblin Partners will bring together companies from the East and West to produce and finance movies.
  • This way, Spielberg will reach out to the Chinese box-office while Alibaba Pictures will gain a seat on Amblin Partners' board.

Alibaba doubles spending on media assets

02 Nov 2016
Alibaba doubles spending on media assets
  • Alibaba Group Holding Ltd. stepped up its investments in the entertainment industry by creating the Alibaba Digital Media and Entertainment Group.
  • This media empire will include video website Youku Tudou, web browser UCWeb, Alibaba Pictures Group Ltd. and Alibaba's gaming, literature, music and digital business units.
  • This consolidation decision is a step towards keeping the behemoths earnings reports transparent.

Alibaba beats estimates with strong growth

03 Nov 2016
Alibaba beats estimates with strong growth
  • Alibaba beat analysts' estimates by posting a 55% increase in Q2 earnings, showing strong growth in media and entertainment.
  • Revenues from the company's core-business grew 41% from last year; it is seen as a yardstick for both the company and the health of the Chinese retail sector.
  • Their media and digital entertainment business recorded a jump of 302% from last year.

Alibaba Pictures to buy TicketNew?

09 Jan 2017
Alibaba Pictures to buy TicketNew?
  • Alibaba Pictures, the movie and TV content arm of Alibaba is reportedly in talks with Chennai based Orbgen Technologies Pvt. Ltd, which runs ticket booking service TicketNew for an acquisition.
  • Sources said Alibaba seeks to invest $35 million for a 70-75% stake in TicketNew.
  • Sources said that "the discussions are at an advanced stage and a deal will close soon."