Retail India News: Alibaba Surprises with 14 pc Growth in Quarterly Sales
Alibaba, the Chinese e-commerce titan, stunned markets with an unexpected 14 percent year-on-year surge in quarterly sales, despite facing several…
How Alibaba's big data and AI algorithm technology is helping SMEs globally?
Aibaba.com, the global business-to-business (B2B) e-commerce platform of Alibaba Group, hosted an online summit titled “Go Global 2020 – Make in…
Alibaba Group has opened its doors wider for overseas brands including those from India to sell to Chinese consumers
Tmall Global announced it will expand its efforts to help international brands reach the China market, aiming to bring 1,000 new ones onto its e-…
Paytm may acquire UCWeb’s India biz
Softbank backed Paytm is all set to acquire Alibaba backed browser UCWeb as reported by leading media resources. If sources are to be believed this…
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Paytm to seek local expertise in order to beat the competition
 In order to shun the competition Paytm is betting big on local expertise in order to fuel business growth and fight off global rivals in a rapidly…
Alibaba to invest over 100 bn yuan on smart logistics
Chinese online retailing giant Alibaba Group has announced an investment plan of 100 billion yuan for building smart logistics network to boost the…
Alibaba Acquires Rocket Internet's Pakistan E-commerce platform Daraz
Alibaba Group has bought the entire share capital of Rocket Internet's South Asian e-commerce platform Daraz Group, Rocket Internet said. Daraz,…
Alibaba says annual net profit up 47% in 2017-18
Chinese e-commerce giant has registered a 47 percent leap in net profit for the fiscal year 2017/2018, helped by a rise in smartphone and tablet…
Chinese e-commerce giant Alibaba sets plans for trade with Thailand
The Chinese e-commerce giant Alibaba has agreed to step up investments in Thailand. The founder of the online shopping giant, Jack Ma, met with…
Alibaba To Launch self-driving vehicles
Chinese e-commerce major Alibaba Group has confirmed that it has been working on autonomous driving technology, reported a China daily. Wang Gang…
Created over 36.8 million jobs in 2017: Alibaba
With its expansive retail ecosystem and acquisition spree, Chinese e-commerce giant Alibaba created over 36.8 million jobs in 2017 via its…
SE Asia E-commerce firm Bags Double Funding From Alibaba
Chinese e-commerce giant Alibaba has decided to boost its regional business by injecting another $2 billion into its Southeast Asia's leading…
Alibaba Plans To List In Homeland Stock Exchange
Chinese e-commerce giant Alibaba Group Holding Ltd is in thoughts of listing itself in stock exchange in its home country, China, the Wall Street…
China's Alibaba Wants stakes In Food delivery app Ele.me
Chinese e-commerce giant Alibaba is in the efforts to buy the food delivery platform Ele.me but no deal has taken place yet on of the stakeholders…
Alibaba acquire stake in Wanda Film for $750 million
E-commerce giant Alibaba today announced to buy a stake Troubled Chinese conglomerate Wanda, the cinema division for around $750 million, the latest…
Bigbasket raises $300 million funding led by e-tailer Alibaba
In a major step that will further its growth, bigbasket has raised $300 million in a fresh funding round led by Chinese e-tailer Alibaba and…
Alibaba net profit soars 35% to $3.7 billion in Q3
Rising to $3.7 billion, Chinese e-commerce giant Alibaba posted a 35 percent rise in net profit in the third quarter, thanks to the annual Singles…
Alibaba invests Rs 224 crore in logistics co Xpressbees
Chinese online commerce giant Alibaba has made an investment of Rs 224 crore in the logistics arm of FirstCry, Xpressbees, as per latest regulatory…
JD.com Plans To Foray Into US Market This Year
China's JD.com Inc is preparing to enter the United States by the end of this year, Bloomberg News reported in a move that will challenge its…
Alibaba To Buy 36% Stakes Of Sun Art For $2.9 Billion
Internet giant Alibaba Group Holding Ltd said it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator,…
CompareAsiaGroup raises $50 million from World Bank, Alibaba and other investors
Hong Kong-based startup, CompareAsiaGroup, has raised $50 million in funding from investors led by the World Bank's commercial lending arm, as the…
Alibaba raises its stake in E-commerce firm Lazada
Chinese e-commerce giant, Alibaba said that it would invest $1 billion to increase its stake in Southeast Asia's Lazada, from 51% to 83%. The…
Alibaba and Tencent among new investors pouring $10 billion into China Unicom: Sources
Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile…
Ride-hailing startup Grab could raise $1.5 billion from Alibaba and Softbank
Alibaba Co-founder Jack Ma may team up with SoftBank Group's Masayoshi Son in a $1.5 billion investment in ride-hailing startup, Grab. The…
Alibaba introduces Tmall World for overseas Chinese users
Chinese e-commerce giant, Alibaba Group Holding Ltd has said that it is launching new sales channels in Singapore, Malaysia, Hong Kong and Taiwan in…
Alibaba Group to open cloud data centre in Mumbai by March 2018
Alibaba Cloud, the cloud computing arm of Chinese e-commerce firm, Alibaba Group, has announced to open two new data centres in Mumbai and Jakarta…
Jasper makes Rs.22-crore capital infusion in FreeCharge
Jasper Infotech, which owns and operates digital payments platform FreeCharge, has made a Rs 22-crore capital infusion in the company, its third…
Nikhil Vora sells entire stake of One97 Communications to Alibaba
Former IDFC Securities star equity analyst Nikhil Vora has sold his entire stake in One97 Communications, Paytm's parent company, to Chinese…
Alibaba's UCWeb hopes to be the largest content generator and service platform in India
Chinese e-commerce giant Alibaba has announced that its mobile internet software and services business, UCWeb, has outlined detailed guidelines for…
Paytm sets up Paytm Financial Services
The Alibaba-backed Paytm has set up a new company, Paytm Financial Services, which will sell financial products like insurance and mutual funds to…
Alibaba signs deal with RMZ owned CoWrks for 30 seats
To expand its presence in India, Alibaba, Chinese e-commerce company, has rented 30 seats in a flexible office in Bengaluru. It is the second…
China's e-commerce giant Alibaba joins hands with online ticketing platform Damai.cn
China's Alibaba Group Holding Ltd has fully acquired online ticketing platform Damai.cn, the e-commerce giant said, marking a further push into…
Flipkart to take head on the competition from Amazon
E-commerce major Flipkart is in advanced stage of discussions to raise about $800 million to further strengthen its operations in a bid to take head…
Reliance Capital invests Rs 10 crore in Paytm
Reliance Capital, the financial service arm of Reliance Group, has invested its nearly 1% stake in popular digital payments firm  Paytm for Rs 275…
Paytm gets USD177 million funding from Alibaba and USD23 million from SAIF Partners
Jack Ma’s Alibaba continued its quiet global expansion, leading a $200 million funding round in India’s Paytm to give it a controlling stake – 60…
Alibaba's Ant Financial aims to expand its global reach
Alibaba's payment affiliate Ant Financial will invest USD200 million in a unit of South Korean messaging giant Kakao, the companies said, the…
Alibaba forms a strategic partnership with Bailian Group
Chinese tech giant Alibaba Group Holdings Ltd has formed a strategic partnership with supermarket operator Bailian Group, extending its push into…
Indian startups should not be killed by giants from US or China, says Flipkart
Flipkart co-founder Sachin Bansal has said Indian e-commerce companies did not have to side with either Amazon or Alibaba in the impending war of…
Alipay to enter Indian marketplace to compete with Amazon and Flipkart
Alibaba, one of the world's largest ecommerce company, is leading an investment round of between Rs 1,350 crore and Rs 1,700 crore in the online…
Flipkart aims to halve its monthly expenditure to raise fresh capital
Flipkart aims to cut its monthly expenditure by half as it prepares to raise fresh capital of Rs 3,400-5,400 crore ($500-800 million), as per some…
UC Web to serve as Alibaba's e-comm media platform in India
UC Web is  focusing on its content recommendation strategy besides pushing group's e-commerce and digital entertainment business in India.   UC…
Executive Chairman of Alibaba meets Donald Trump to do business in US
E-commerce firm Alibaba Group Holding Ltd and the founder of Intime Retail Group Co Ltd have jointly bid to take the Chinese department store…
Alibaba creates 30 million jobs in 2016 and paid taxes worth USD 3.41 billion
China's e-commerce giant Alibaba has said that it paid a total of USD 3.41 billion in taxes in 2016 and created 30 million jobs. Alibaba led…
Alibaba all set to open its first office in Mumbai soon
Alibaba, one of the largest e-commerce entity in China, is setting up its first India office in Mumbai, apparently an indication that it would step…
Alibaba may open its first India office soon
Chinese e-commerce giant  Alibaba  is all set to open its first Indian office in Mumbai.  As sources are to be believed,  the new office will be…
Alibaba is not buying Snapdeal, confirms report
Alibaba, a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web…
Festive season sales turn out to be boon for Indian online retail market
In India festive-season sales are heavily in demand as they bring the most business to the online retail market as compared to the US and China, two…
Paytm to go on a hiring spree
Since the news dropped of high currency notes getting illegalised in India by Prime Minister Narendra Modi and new notes are being localised slowly…
Alibaba purchases stake in digital marketing firm AdChina
China based e-commerce giant Alibaba Group Holding recently announced that it has purchased a stake in online marketing company AdChina, says a…
Alibaba ties up with China Post to strengthen its logistics
By PTI Beijing:  China's e-commerce giant Alibaba has signed a deal with the state-owned China Post, the largest postal service provider here to…