Alibaba

Timelines
Jio Platforms raises Rs. 6,598 crore from General Atlantic

17 May 2020

Jio Platforms raises Rs. 6,598 crore from General Atlantic

Jio Platforms, the entity holding telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 6,598 crore ($869.8 million) from US-based private equity firm General Atlantic.

Jio Platforms gets Rs. 5,655 crore investment from Silver Lake

04 May 2020

Jio Platforms gets Rs. 5,655 crore investment from Silver Lake

Jio Platforms, the entity housing telecom and digital businesses of Mukesh Ambani-led Reliance Industries, has picked up Rs. 5,655 crore ($747 million) in investment from US-based private equity firm Silver Lake.

Big Basket raises $60mn to meet demand surge amid lockdown

09 Apr 2020

Big Basket raises $60mn to meet demand surge amid lockdown

Big Basket, one of India's biggest hyperlocal grocery start-ups, has raised $60 million as part of a bridge-round of funding from Alibaba and others.

Amid coronavirus outbreak, China resorts to online classes

17 Feb 2020

Amid coronavirus outbreak, China resorts to online classes

The outbreak of coronavirus has hit all aspects of daily life in China, including the education system.

Alibaba launches Yoli, a 'social-commerce' app to bag online deals

24 Jan 2020

Alibaba launches Yoli, a 'social-commerce' app to bag online deals

In a bid to expand its footprint in India, Chinese giant Alibaba has launched a new social commerce app called Yoli.

Logistics start-up XpressBees raises $10 million from Alibaba

04 Jan 2020

Logistics start-up XpressBees raises $10 million from Alibaba

Pune-based XpressBees has raised $10 million in funding from existing investor Alibaba, according to regulatory filings of the company.

This life-sized Lego Iron Man took 255 hours to build

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.

#AnEraEnds: Alibaba co-founder Jack Ma hangs up his boots

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.

Jack Ma advises married-employees: "Sex for six days, six times"

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."

Xiaomi creates new managerial positions to foster leadership

15 Sep 2018

Xiaomi creates new managerial positions to foster leadership

Amid increased scrutiny of governance and succession in mega Chinese tech firms, smartphone maker Xiaomi has announced that it is looking to create new managerial positions to build a second tier of leadership under CEO Lei Jun.

Alibaba co-founder Jack Ma to step down in September 2019

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.

Alibaba's Jack Ma isn't retiring, will announce his succession plans

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.

End of era: China's richest man Jack Ma announces retirement

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.

China's Alibaba leads BigBasket's $300-million funding round

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.

Singles' Day: Alibaba generates $25.3bn sales; more than Iceland's GDP

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.

Zomato eyes $200m from Alibaba, may get the unicorn-tag back

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.

BigBasket eyes $200 million investment from Paytm Mall, Alibaba

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.

Now, China cracks down on VPN vendors

19 Aug 2017

Now, China cracks down on VPN vendors

China has now upped the ante by warning e-commerce platforms against selling illegal virtual private networks (VPNs).

Marvel wants a Chinese superhero, gimmick or good business strategy?

10 Jul 2017

Marvel wants a Chinese superhero, gimmick or good business strategy?

Reportedly, Walt Disney-owned US-based publishing giant Marvel will now work alongside Beijing-based firm NetEase to create the first Chinese comic superhero in its roster.

WhatsApp prepping for digital payments segment entry in India

04 Apr 2017

WhatsApp prepping for digital payments segment entry in India

According to FactorDaily, WhatsApp is prepping up to launch peer to peer payments in India.

Will Indian e-commerce giants show profit anytime soon?

23 Mar 2017

Will Indian e-commerce giants show profit anytime soon?

Currently, there are three major players in the Indian ecommerce space - Flipkart, Paytm and Snapdeal.

Snapdeal denies reports of Alibaba's acquisition interest

04 Dec 2016

Snapdeal denies reports of Alibaba's acquisition interest

After reports sprung on China's Alibaba expressing its interest in acquiring Indian e-commerce portal Snapdeal, the Indian company denied the reports.

Alibaba's Singles' Day clocks over $5 billion in one hour

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.