SHANGHAI (Reuters) – China’s tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd , worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers’ digital wallets.
PYEONGCHANG (Reuters) – Alibaba Group Holding Ltd is launching a project that will create a “smarter” and more connected athletes’ village and stadia and make all Olympics stakeholders “more money”, its executives said on Saturday.
BEIJING (Reuters) – Alibaba Group Holding Ltd and Foxconn Technology Co Ltd have led a 2.2 billion yuan ($347.74 million) funding round in Chinese electric car maker Xiaopeng Motors as competition escalates in the new energy vehicle (NEV) market.
HONG KONG (Reuters) – Alibaba Group Holding Ltd will consider a listing in Hong Kong, the South China Morning Post reported the company’s founder Jack Ma as saying – remarks which follow the city’s decision to allow dual class share listings.
BEIJING (Reuters) – Ford Motor Co is expected to sign as early as Thursday a deal with Alibaba Group Holding Ltd which may allow the U.S. automaker to test selling cars to consumers in China through Alibaba’s online retail arm Tmall, as well as via a new “auto vending machine” store concept, according to a […]
NEW YORK (Reuters) – A U.S. appeals court on Tuesday revived a lawsuit accusing Alibaba Group Holding Ltd of defrauding shareholders by concealing a regulatory warning about counterfeiters that the Chinese online retailer had received shortly before going public.
HONG KONG/BEIJING (Reuters) – Chinese e-commerce firm Alibaba Group has taken control of logistics unit Cainiao and pledged to spend 100 billion yuan ($15 billion) over five years to build out a global logistics network, underscoring aggressive expansion plans overseas.
MEXICO CITY (Reuters) – Mexico’s government said on Wednesday it has inked a deal with Alibaba Group Holding Ltd, to get Mexican products and services, especially from small- and medium-sized firms, onto the top Chinese e-commerce firm’s platform.
HONG KONG (Reuters) – Best Inc, a Chinese logistics company backed by Alibaba Group, has launched an up to $932 million initial public offering, seeking funds to expand its logistics and supply chain network, develop new technology and open more of its convenience stores.