BEIJING: The number of web users in China — already the world’s largest online population — has risen over 700 million, authorities said Wednesday as they seek to turn the internet into a new growth driver.
BEIJING: China’s unbranded goods are often better than the branded originals they imitate, founder of e-commerce giant Alibaba Jack Ma has said, posing an additional challenge to the battle against sales of counterfeits.
ISLAMABAD: Pakistan is set to invite global online payment giants PayPal and Alibaba to offer their services in the country, the IT ministry has said, after easing its e-commerce rules.
Alibaba Group Holding Ltd (BABA.N) offered to pay $3.5 billion to become the sole owner of Youku Tudou Inc (YOKU.N), known as China’s YouTube, in a move that would give the e-commerce giant access to more than half a billion online video users.
BEIJING: Chinese e-commerce behemoth Alibaba on Thursday launched an Internet bank aimed at serving small businesses which often struggle to obtain credit from large banks.
HANOVER: China’s Internet tycoon Jack Ma, founder of giant online merchant Alibaba, gave a glimpse of the future when he demonstrated a new e-payment system using facial recognition at the CeBIT IT fair in Germany.
NEW YORK: Amazon surprised the market Thursday with a quarterly profit far better than anticipated for the online giant known for investing for the long term.
NEW YORK: Yahoo announced plans Tuesday for a tax-free spinoff of its stake in Chinese Internet giant Alibaba, splitting off the valuable holdings from its core operations.
NEW DELHI: India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches.
SAN FRANCISCO: Several of the largest U.S. retailers warned that Alibaba Group Holding Inc may “decimate” local companies unless Congress closes tax loopholes for online retailers, singling out the Chinese company before it has even established a major American consumer presence.