Search Results for: Alibaba Group
Yahoo Provides Update on Planned Spin Off of Remaining Stake in Alibaba Group
December 9th, 2015
Yahoo! Inc. (NASDAQ: YHOO) today announced that its Board of Directors, after careful review and consideration of how to best drive long-term value for shareholders, has unanimously decided to suspend work on the pending plan, announced in January of 2015, ...
Alibaba Group Expands European Presence
October 21st, 2015
Alibaba appoints managing directors to run its regional hub in the U.K. and new country office in Italy Alibaba Group (NYSE: BABA) today announced details of the expansion of its presence in the European market, an important step in ...
Alibaba Eyeing Buyout Bid with Groupon Investment?
February 16th, 2016
Bottom line: Alibaba is likely to enter talks to buy a strategic stake in Groupon or even make a bid for the entire company, following its disclosure that it has purchased 5.6% of the U.S. company in the open ...
Ant Financial merged with HelloPay Group
April 19th, 2017
Almost exactly one year ago, Alibaba announced its US$1 billion purchase of a controlling stake in Lazada, the largest online shopping and selling marketplace in Southeast Asia – and a gateway to the region for the Chinese tech giant. Now, Alibaba ...
Alibaba announced Revenue of US$7,669 million; an increase of 54% year-over-year
January 25th, 2017
Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended December 31, 2016. “Our robust December quarter demonstrates the strength of the Chinese consumer and Alibaba’s ability to create value across our vast ecosystem,” ...
Alibaba Financial Affiliate Seals Bank Deals for Alipay Expansion in Europe
December 7th, 2016
Alibaba Group Holding Ltd.’s financial affiliate said it would collaborate with three banks and a payments company in Europe as the Chinese company seeks to expand its presence there. Ant Financial Services Group, which operates the Alipay online-payments platform, ...
Alibaba reports an increase of 59% for Revenues
August 11th, 2016
Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended June 30, 2016. “Alibaba Group had an outstanding quarter. Our results show the scale and leverage of our ecosystem, as we strengthen our competitive ...
Alibaba agrees on $266 million acquisition deal with South China Morning Post
December 14th, 2015
Alibaba Group Holding Ltd (BABA.N) has agreed on a $266 million deal to acquire the South China Morning Post and other media assets of SCMP Group Ltd (0583.HK), a deal that has raised a question over the outlook for ...
Alibaba Growth Slows as Chinese Economy Weakens; Buyback Planned
August 12th, 2015
Alibaba Group Holding Ltd. quarterly sales rose at the slowest pace in at least three years and transaction volumes missed analyst estimates amid a weakening Chinese economy. Shares fell in pre-market trade. Revenue rose 28 percent to 20.2 billion ...
China to reap Alibaba windfall as tightens up on tax
March 23rd, 2015
China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group BABA.N who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky ...
