Alibaba Group
04 Jan 2021
Alibaba founder suspected to be missing after criticizing Chinese government
Chinese billionaire Jack Ma has not been seen in public for more than two months now, a development that has sparked questions about his whereabouts.
11 Jun 2020
China orders Weibo to disable some features: Here's why
Chinese microblogging platform Sina Weibo has been ordered to disable some of its features for a week.
18 Sep 2019
This life-sized Lego Iron Man took 255 hours to build
Iron Man may be long gone but his Lego-cy lives on. Okay, that was a bad pun, but you wouldn't be as disappointed to learn that the toy company LEGO has set up a life-sized structure of Tony Stark's Iron Man and it's made entirely out of Lego pieces.
10 Sep 2019
#AnEraEnds: Alibaba co-founder Jack Ma hangs up his boots
After spending two decades at Alibaba's helm, Jack Ma stepped down as Chairman of the e-commerce giant on Tuesday, his 55th birthday.
14 May 2019
Jack Ma advises married-employees: "Sex for six days, six times"
Alibaba founder Jack Ma stoked up controversy recently after he advised his married employees to follow "669," that is, "Sex for six days, six times, with duration being the key."
29 Jan 2019
Customer demands dress-pictures, seller sends of himself wearing them
Living in a world where people have received bricks instead of a smartphone they paid for, people are bound to get skeptical while shopping online.
10 Sep 2018
Alibaba co-founder Jack Ma to step down in September 2019
Alibaba co-founder Jack Ma, one of the world's richest business executives, has announced that he will step down as the executive chairman of Alibaba in September 2019.
09 Sep 2018
Alibaba's Jack Ma isn't retiring, will announce his succession plans
Refuting an NYT report which claimed Jack Ma would be retiring from Executive Chairmanship of Alibaba group on Monday, South China Morning Post, a newspaper owned by the company, reported on Sunday that he would instead unveil his succession plans.
08 Sep 2018
End of era: China's richest man Jack Ma announces retirement
Jack Ma, who serves as Executive Director of Alibaba, a company he founded in 1999 has announced his retirement. The business magnate will retire on Monday, September 10, according to reports.
27 Aug 2018
Warren Buffett set to invest Rs. 2,000+ cr in Paytm
If reports are to be believed, Warren Buffett's Berkshire Hathaway are in talks with Paytm parent company, One97 Communications to invest around Rs. 2,200-2,500cr ($300-350mn) in the digital payments company.
13 Jul 2018
Mukesh Ambani overtakes Jack Ma to be Asia's richest person
India's richest man, Mukesh Ambani, has now become Asia's richest man, overtaking Alibaba Group founder Jack Ma.
13 Jun 2018
Paytm Mall receives $225 million in funding from SoftBank, Alibaba
Paytm Mall, the independent e-commerce arm of digital payments platform Paytm, has received $225 million (Rs. 1509 crore) from Japan's SoftBank and China's Alibaba as the second and final tranche of its latest round of funding.
03 May 2018
Xiaomi files for the biggest Chinese tech IPO since 2014
Chinese consumer electronics company Xiaomi has filed for an initial public offering (IPO) in Hong Kong Exchanges and Clearing (HKEX).
25 Apr 2018
Chinese tech firms apologize for sexist job adverts
Chinese tech firms are under scanner after a recent Human Rights Watch (HRW) report slammed them over gender-discriminatory job ads.
26 Mar 2018
Ford and Alibaba launch car vending machine in China
Ford and Chinese tech giant Alibaba have partnered to launch a car vending machine, called the Super Test Drive Center, in Guangzhou, China.
08 Mar 2018
AR start-up Magic Leap raises $461 million from Saudi government
Florida-based augmented reality (AR) startup Magic Leap has raised $461 million in the second phase of its series D funding round.
01 Mar 2018
Zomato raises Rs. 977cr from Alibaba-unit Ant Financial Services
Restaurant discovery and online food-ordering platform, Zomato, announced it has raised $150mn (Rs. 977cr) in a fresh funding round from Ant Financial Services Group, one of the world's leading digital financial services providers.
08 Feb 2018
UC Browser launches latest version in India; crosses 130mn users
Chinese tech giant Alibaba-owned UCWeb has announced a new version of its UC Browser in India, called UC Browser 12.0.
03 Feb 2018
China's Alibaba leads BigBasket's $300-million funding round
Online grocery start-up BigBasket has raised $300 million in Series-E funding which was led by China's Alibaba Group. This is the largest investment raised by the company so far.
12 Nov 2017
Singles' Day: Alibaba generates $25.3bn sales; more than Iceland's GDP
Chinese e-commerce giant Alibaba's Singles' Day on 11th November saw the company make around 168.2 billion yuan ($25.3 billion) in sales - more than Iceland's GDP - in just 24-hours.
03 Nov 2017
China's online-shopping boom continues, Alibaba has an 'outstanding quarter'
Chinese e-commerce giant Alibaba Group posted stronger-than-expected third-quarter results with a massive jump in revenue as the online shopping boom continues in China.
10 Oct 2017
Amazon gets beaten by malls and Alibaba in Singapore
US e-commerce giant Amazon's bid to expand into Southeast Asia has landed the firm in a bit of a pickle in Singapore.
05 Sep 2017
Zomato eyes $200m from Alibaba, may get the unicorn-tag back
According to reports, Zomato is currently engaged in negotiation with Alibaba and its payments affiliate Ant Financial to raise up to $200 million from them.
29 Aug 2017
BigBasket eyes $200 million investment from Paytm Mall, Alibaba
According to reports, online marketplace Paytm Mall and its principal investor Alibaba has extended the exclusivity period of their negotiations with online grocer BigBasket for two weeks.
23 Aug 2017
Is UC Browser leaking your mobile data?
According to the IT Ministry, UC Browser is under the scanner for allegedly sending mobile data of Indian users to Chinese servers.
13 Jul 2017
Paytm buys majority stake in Insider.in for Rs. 35 crore
Vijay Shekhar Sharma-led Paytm has now acquired a majority stake in Insider.in for a little over Rs. 35 crore.
16 Jun 2017
Amazon secures patent to prevent online price comparison in stores
After recently launching its physical retail stores, Amazon has been granted a patent that will prevent consumers from using the in-store Wi-Fi to check product price listings online.
13 Jun 2017
Verizon closes $4.5B acquisition of Yahoo, Marissa Mayer resigns
It is the end of an era; Verizon has finally consolidated Yahoo under its wing which, according to reports, will be combined with its AOL assets into a brand new subsidiary called Oath.
09 Jun 2017
Jack Ma gains $2.8 billion in one day
The founder and executive chairman of Alibaba Group, Jack Ma became Asia's richest man and the 14th wealthiest man in the world; his net worth surged from $8.5 billion to $41.8 billion this year.
10 May 2017
SoftBank writes down investments in Ola, Snapdeal by $1.41 billion
Japanese investor SoftBank said it wrote down its investment valuation in Snapdeal and Ola by $1.41 billion. It has written down investments in Snapdeal by $1.01 billion and $400 million in Ola.
08 May 2017
China's Internet gets more shackles added to its existing burden
China already has a strongly fortified Internet firewall in place to block elements that the government considers to be a misfit in their present scheme of things.
26 Apr 2017
Yahoo-Verizon deal: Marissa Meyer to make $184mn from sale
Yahoo's sale to Verizon will bring its chief Marissa Meyer $184mn- a combination of various payments including shares already owned, cash payments and medical benefits, and outstanding share options.
19 Apr 2017
SoftBank considering $1.5bn investment in Paytm?
Paytm is reportedly in talks with Japan's SoftBank for a deal that could bring in $1.2-1.5bn capital; it could take its valuation to $7-9bn from $6bn in March.
03 Mar 2017
Paytm raises $200 million from Alibaba
Paytm has raised $200 million in a round of funding led by Alibaba Singapore E-Commerce Pvt. Ltd and SAIF Partners. Alibaba is reportedly investing $177 million while SAIF partners has agreed to invest $23 million.
03 Feb 2017
Ola's valuation marked down by 40%
Vanguard Group, an investment firm based in the United States, slashed the valuation of its stake in Ola.
03 Feb 2017
Alibaba leading investments in Paytm
Paytm is in the process of raising $180-200 million in funding rounds led by Chinese e-commerce giant Alibaba. The funding will raise Paytm's valuation to $1 billion.
10 Jan 2017
Yahoo to become Altaba, Marissa Mayer to leave board
Yahoo said that the company would be renamed as Altaba Inc, and CEO Marissa Mayer may quit the board after concluding the Verizon deal.
14 Nov 2016
What made news last week?
The government's sudden demonetization move left cities in chaos; several people have criticized the move while others support it as a logical means to tackle a bigger problem.
11 Nov 2016
Alibaba's Singles' Day clocks over $5 billion in one hour
Alibaba Group's 'Singles' Day', a 24-hour shopping event held annually, garnered the online retail giant over $5 billion during the first hour of the shopping spree.
08 Nov 2016
SoftBank writes-off $555 million across Ola, Snapdeal investments
In the wake of India's online start-ups eyeing fresh funding, SoftBank's quarterly results reflected a decline in its returns from investments in start-ups like Ola Cabs and Snapdeal.
