Alibaba Archive

Alibaba To Buy Youku Tudou In A $4.8 Billion Deal

Chinese e-commerce giant Alibaba has announced an estimated $4.8 billion deal to take over video streaming service Youku Tudou as it seeks to spread its online empire. Alibaba is snapping up Youku Tudou, China’s equivalent to YouTube, in the latest of a string of acquisitions as it sets its sights far beyond its core eBay-style

Amazon Enters Alibaba’s Tmall In China

The U.S. online retailer, has opened a flagship store in local competitor Alibaba Group Holding’s online marketplace. The US Company, however, is struggling to build its base in the dragon country. Amazon’s store inside Alibaba’s Tmall, launched recently, so far offers a limited number of product categories including imported food, women’s shoes, toys and

Alibaba to invest $590 million in Meizu

China’s Alibaba Group Holding has said it will buy a minority stake in little-known domestic smartphone maker Meizu Technology Co for $590 million. The move is aimed to extends its hardware growth strategy into mobile devices. The company, now worth $213 billion by market value, didn’t reveal how big its holding will be in a

Alibaba Might Face Us Lawsuit On Fake Goods Row

Alibaba Group faces a possible class-action lawsuit initiated by five US law firms. The latest trouble comes after the company witnessed the biggest drop in its stock price since its debut on the New York Stock Exchange in September. What’s the case? US firms such as Pomerantz LLP, the Rosen Law Firm, Holzer & Holzer

Alibaba to cash in Chinese Online Travel Market

Chinese e-commerce giant Alibaba, has decided to cash in on the country’s growing online travel business with an independent platform. The decision comes after the company completed the world’s biggest stock offering last month. Alibaba will spin off its online travel business, previously run as Taobao Travel, to create an independent brand Alitrip which would

Alibaba Enters Into A Deal To Stream “Mad Men”

In a significant development, Alibaba has inked a deal with Lionsgate studio to stream popular U.S. movies and TV shows including “Twilight” and “Mad Men” in China. The subscription-based service will be launched in August and offer through Alibaba’s Internet television set-top box. Some Lionsgate (LGF) offerings are already available in China through other partnerships,

Alibaba Chooses NYS Exchange For US IPO Listing

Alibaba Group Holding Ltd has decided to list on the New York Stock Exchange giving a blow to the rival Nasdaq bourse. Chinese e-commerce Company which handles more than 80 percent of online retail transactions in the world’s second-largest economy, will list under the symbol “BABA,” Alibaba Group Holding Ltd is expected to make its