Alibaba Group

Timelines
China orders Weibo to disable some features: Here's why

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.

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."

Customer demands dress-pictures, seller sends of himself wearing them

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.

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.

Warren Buffett set to invest Rs. 2,000+ cr in Paytm

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.

Mukesh Ambani overtakes Jack Ma to be Asia's richest person

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.

Paytm Mall receives $225 million in funding from SoftBank, Alibaba

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.

Xiaomi files for the biggest Chinese tech IPO since 2014

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).

Chinese tech firms apologize for sexist job adverts

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.

Ford and Alibaba launch car vending machine in China

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.

AR start-up Magic Leap raises $461 million from Saudi government

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.

Zomato raises Rs. 977cr from Alibaba-unit Ant Financial Services

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.

UC Browser launches latest version in India; crosses 130mn users

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.

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.

China's online-shopping boom continues, Alibaba has an 'outstanding quarter'

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.

Amazon gets beaten by malls and Alibaba in Singapore

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.

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.

Is UC Browser leaking your mobile data?

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.

Paytm buys majority stake in Insider.in for Rs. 35 crore

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.

Amazon secures patent to prevent online price comparison in stores

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.

Verizon closes $4.5B acquisition of Yahoo, Marissa Mayer resigns

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.

Jack Ma gains $2.8 billion in one day

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.

SoftBank writes down investments in Ola, Snapdeal by $1.41 billion

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.

China's Internet gets more shackles added to its existing burden

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.

Yahoo-Verizon deal: Marissa Meyer to make $184mn from sale

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.

SoftBank considering $1.5bn investment in Paytm?

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.

Paytm raises $200 million from Alibaba

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.

Ola's valuation marked down by 40%

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.

Alibaba leading investments in Paytm

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.

Yahoo to become Altaba, Marissa Mayer to leave board

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.

What made news last week?

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.

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.

SoftBank writes-off $555 million across Ola, Snapdeal investments

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.

Jet.com to be acquired by Walmart for $3bn in cash

09 Aug 2016

Jet.com to be acquired by Walmart for $3bn in cash

Walmart will be acquiring Jet.com — an online-only shopping site for $3 billion in cash, plus up to $300 million in shares.