Posts tagged as alibaba

  • Monday, July 13th 2015

    Chinese authorities sharp on corruption at internet giant

    by Markus Huber

    Chinese authorities have arrested a couple of former executives from the local internet giant Tencent. One of them now works as a top manager at Tencent’s arch rival the Alibaba Group. They were detained for alleged bribes. Alibaba was quick to declare that its employee detained by the police, Patrick Liu, was not arrested for any […]

  • Thursday, June 11th 2015

    Alibaba’s chief dismisses buying eBay

    by Markus Huber

    In an interview with CNBC, Jack Ma, chairman and co-founder of China’s internet giant Alibaba, said that he was not interested in buying eBay, as has been frequently rumored. Ma said that such a large corporation would be no easy thing to digest and he wondered what Alibaba could do better with eBay than the […]

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    Tuesday, May 19th 2015

    Puma’s parent is tired of Alibaba’s lax policy on fakes

    by Markus Huber

    Kering, the French group which owns a number of luxury brands, including Gucci and Yves Saint Laurent, and also controls Puma and other sports brands such as Tretorn, Cobra Golf and Volcom, is getting bullish about Alibaba allegedly not doing enough to combat the extensive offer of counterfeits on its websites. As a result, Kering is now […]

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    Thursday, May 14th 2015

    Alibaba cozies up to Wal-Mart – only to overtake it?

    by Markus Huber

    Daniel Zhang, new chief executive of China’s online giant Alibaba, has told local newspapers that he would like to see the group overtake the current leader in global retail, Wal-Mart, by the end of this year. Another goal of the new head of this behemoth is to hit gross merchandise value of more than $1 trillion within the […]

  • Monday, May 11th 2015

    Alibaba boosts sales, speeds up in the U.S.

    by Markus Huber

    In its fourth quarter ended March 31, Chinese online trading giant Alibaba managed to raise turnover by 45 percent compared with the previous year’s period thanks to a successful New Year season. The company saw its sales rise to 17.4 billion yuan renminbi (€2.52 billion). Previous estimates were below RMB 17 billion. The quarterly report […]

  • Thursday, May 7th 2015

    Alibaba launches import platform for Chinese traders

    by Markus Huber

    Bloomberg reports that the Alibaba Group is to launch a new business platform on May 18. The offer is designed to service Chinese retailers who are globally importing international brands to the Chinese market. Traders will have access to, Alibaba’s wholesale trade tool. To start with, Chinese merchants can use it to import products from Spain, soon […]

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    Thursday, April 9th 2015

    Alibaba establishes own bank

    by Markus Huber

    What to do with billions of dollars from the largest initial public offering in history? Put it in the bank. How about founding your own? That’s exactly what China’s largest e-commerce provider, Alibaba, plans to do by becoming a financial services provider. Initially, through its Ant subsidiary, Alibaba will set up its own index to monitor companies in mainland China, […]

  • No worries, this is the original Apple Watch. Cheaper knock-offs, however, are already available before the official release of the authentic product.

    Thursday, March 12th 2015

    Apple Watch too pricey? – Questionable solutions at Taobao

    by Markus Huber

    Apple presented its own smart watch, the Apple Watch, earlier this week. Apparently it will not be available in China before April 24. China’s smartshoppers, though can count on Alibaba’s selling platform Taobao, where copies are already on sale. The scary thing is not just the ridiculous price of 250 yuan renminbi (€37.87) compared with the recommended retail price of […]

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    Thursday, March 5th 2015

    Taiwan threatens to drive out Alibaba

    by Markus Huber

    The global Alibaba hype is now a subject of jurisdiction in the Republic of China (ROC, which is Taiwan). The China Post, a leading Taiwanese newspaper, says that the country’s Investment Commission has asked Alibaba, the big Chinese (People’s Republic) e-commerce group to withdraw from the island and to halt its business there within six months. Alibaba […]