Alibaba Group is reportedly now the largest single shareholder in AutoNavi, a Beijing-based maker of electronic navigation tools and location-based services. The Chinese Internet giant has formed a strategic alliance with AutoNavi, on the back of a $294 million investment. This gives it a 28% stake in the navigation company, which is China’s largest, with 116 million users of its free mobile app… → Read More
Pouring $586 million in Sina Weibo gives Alibaba Group several perks, including an inroad into social media and access to the microblogging platform’s data. Not only that, but its new 18 percent stake in Sina Weibo may also give Alibaba Group a leg-up as it seeks to promote its own smartphone operating system Alibaba Mobile OS (AMOS) as a rival to Android. As the Wall Street Journal writes… → Read More
Alibaba Group announced that it has launched Juhuasuan Overseas, a combination of C2C retail platform Taobao Marketplace and group shopping site Juhuasuan, in Hong Kong and Taiwan. Juhuasuan Overseas will offer merchandise and services from selected Taobao sellers in the same daily deals format as the original Juhuasuan, which is accessible only to customers in mainland China because cross-border… → Read More
Chinese e-commerce giant Alibaba Group is embarking on a major reorganization of its business structure that will divide the company into 25 different units, each led by a general manager, said CEO Jack Ma in a company-wide email published by Sina News (link via Google Translate, h/t 36Kr). The move is the latest in several the company has made to grab greater control over its future after an … → Read More
Yahoo may have finally reached a deal this past September to sell a 40% stake in China’s e-commerce giant Alibaba for $7.6 billion, but with a 23% stake left in Alibaba, it’s not out of there altogether yet. Today, Alibaba announced that Jacqueline Reses, EVP of people and development at Yahoo, is the latest Yahoo to join Alibaba Group’s board of directors. → Read More
The future for Internet services pioneer Yahoo remains uncertain, to put it mildly.
Currently a beleaguered takeover target sans visionary CEO (although one could argue recently fired Carl Bartz never served that role either), Asian e-commerce powerhouse Alibaba Group is apparently going to great lengths to re-acquire the stake Yahoo has in the company. → Read More
Alibaba is best known for its international B2B e-commerce and sourcing market place Alibaba.com, but also operates Taobao – the “eBay of China” and largest C2C Internet retail web site, Alimama – an online advertising exchange and affiliate network – as well as Alipay, China’s most popular third-party online payment system modelled after Paypal but offering additional features such as escrow… → Read More
Yahoo is about to raise approximately $150 million by selling 57.48 million Alibaba.com shares, according to a term sheet obtained by Reuters earlier on Monday. The Internet giant is selling the large chunk of shares at HK$19.80-HK$20.30 each, which represents a 4-6.4% discount to the stock’s closing price of HK$21.15 on Monday and the entire 1.14 percent stake Yahoo held in Alibaba.com, which is… → Read More
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