alibaba-group Archives - Page 3 of 4

Alibaba has a new CEO, but it’s still Jack’s house

May 8, 2015 admin alibaba-group, apartment, california, daniel-zhang, gestures-during, internet, lawsuit, other-digital, place-video, the-e-commerce, the-eight-year

By John Ruwitch SHANGHAI (Reuters) – When Alibaba Group Holding Ltd's eccentric founder Jack Ma stepped down as CEO two years ago, he declared “the Internet belongs to young people,” and promised that most of the company's leaders born in the 1960s would soon retreat from management. On Thursday, that transition at the e-commerce behemoth appeared complete as Ma trumpeted the appointment of a fresh chief executive, Daniel Zhang, born in 1972, as part of a broader reshuffle.

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Alibaba’s Ma says freezing hiring after growing ‘too quickly’: report

April 29, 2015 creative alibaba, alibaba-group, cebit, earnings-on-may, hiring-freeze, official, speech-carried, speech-during, the-official, year

Chinese e-commerce giant Alibaba Group Holding Ltd is freezing hiring for the rest of the year because it has grown “too quickly”, Executive Chairman Jack Ma told staff.

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Tencent, Bank of Beijing launch $1.6 billion online banking tie-up

April 29, 2015 admin alibaba-group, billion-yuan, global, hotly-contested, jingyitong, online-finance, other-services, the-official, use-phones

Bank of Beijing will extend Tencent Holdings Ltd a 10 billion yuan ($1.6 billion) credit line, part of a partnership that helps the Chinese Internet firm better compete in online finance with rival Alibaba. The partnership will focus on the bank's Jingyitong initiative, which lets users swipe a chip-enabled card at hospitals to obtain medical care and other services, Tencent and Bank of Beijing said on Wednesday. In January, Tencent began trial operations of its WeBank service to issue loans to individuals and small and medium-sized businesses

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Twitter cuts revenue forecast, shares slump

April 28, 2015 admin alibaba-group, chief-financial, down-as-much, global, jingyitong, officer-anthony, shown-at-its, street, the-official, tuesday-twitter, twitter, use-phones

Twitter Inc reported quarterly revenue that fell short of Wall Street estimates and cut its full-year forecast because of weak demand for its new direct response advertising, sending shares down as much as 24 percent on Tuesday. Twitter forecast 2015 revenue of $2.17 billion to $2.27 billion, down from its earlier forecast of $2.3 billion to $2.35 billion.

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Under fire from U.S. group, Alibaba says fighting counterfeit goods

April 14, 2015 creative alibaba, alibaba-group, chinese, government-help, hangzhou, incapable, michael-froman, not-interested, over-the-issue, problem, representative, said-it-had, seen-inside

By Paul Carsten BEIJING (Reuters) – Alibaba Group Holding Ltd said it had a range of measures to fight counterfeits on its websites – remarks that come after a trade group requested U.S. government help in prodding the Chinese e-commerce giant into action against fake goods. In the latest flare up over the issue, the American Apparel & Footwear Association (AAFA) said in an April 8 letter to U.S

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Hon Hai, Tencent partner in electric car business

March 23, 2015 creative alibaba-group, contract, core-profit, drawing-on-its, foxconn, headquarters, internet, largest, nascent-market, optimal, skrill, smart-electric, the-biggest, tucheng

Taiwan's Hon Hai Precision Industry Co Ltd on Monday said it has partnered Chinese social networker Tencent Holdings Ltd to develop opportunities related to electric vehicles, marking the latest tech foray into “smart” cars. Hon Hai, WeChat operator Tencent and luxury car dealer China Harmony Auto Holding Ltd signed an agreement to work together in the Chinese city of Zhengzhou, Henan province, the contract manufacturer said without detailing specifics. The partnership would put Tencent on a par with online peers Alibaba Group Holding Ltd and Baidu Inc, which have already moved into the nascent market for Internet-connected cars vie tie-ups with major auto makers

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Alibaba leaning away from plans to invest in India’s Snapdeal: Recode

March 18, 2015 admin 170-million, alibaba-group, cebit, chinese, from-investing, get-legitimate, hanover, microsoft, satya-nadella

(Reuters) – Alibaba Group Holdings Ltd may scrap plans to invest in Indian online marketplace Snapdeal, technology website Recode reported, citing a person who was familiar with the matter. Last week, a person informed about the deal had told Reuters that Alibaba was in talks with Snapdeal over a potential cash investment in what could have been the Chinese e-commerce giant's first direct investment in India. Alibaba has held discussions with Snapdeal about a possible investment, but the Chinese company is leaning away from investing in Snapdeal right now, Recode said

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Alibaba ploughs $200 million into Snapchat in latest startup deal: source

March 11, 2015 admin alibaba-group, citing-people, cnn, country-manager, hangzhou, rocket, snapchat, source-familiar, united, venture-capital

Alibaba Group Holding Ltd is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services. The investment values the company at around $15 billion, according to Bloomberg, citing people familiar with the situation as saying.

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U.S. says inaction on online piracy risks public safety

March 5, 2015 publisher against-sellers, alibaba, alibaba-group, chairman, china, internet-names, national, national-taiwan, representative, selling-illegal

By Krista Hughes WASHINGTON (Reuters) – The U.S. trade office on Thursday urged a crackdown on website name registrars who fail to take action against sellers of illegal goods such as counterfeit medicines and warned that turning a blind eye puts public safety at risk. The U.S

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Taiwan orders Alibaba withdrawal after rules violation: official

March 2, 2015 admin alibaba-group, chinese, contrafund, fidelity, immoral-content, investment, leila-abboud, ministry, online, over-the-past, over-the-review, situation-since

By J.R. Wu TAIPEI (Reuters) – Taiwan has ordered Alibaba Group Holding Ltd to withdraw from the country within six months because the online retailer had violated investment rules required for a Chinese company, an economics ministry official said on Monday.