Alibaba says annual net profit up 47% in 2017/2018
Chinese e-commerce giant Friday announced a massive 47 percent leap in net profit for the fiscal year 2017/2018, helped by a rise in smartphone and tablet transactions on its shopping platform.
Jack Ma says Alibaba 'doing a lot of research' on driverless cars
E-commerce giant Alibaba is steering resources towards driverless car technology, its CEO Jack Ma confirmed on Thursday, joining a global race to shape the future of driving.
Alibaba acquisition values meal-deliverer Ele.me at $9.5 bn
Chinese e-commerce giant Alibaba said Monday it was acquiring full ownership of leading food-delivery firm Ele.me in a deal that values the Shanghai-based start-up at $9.5 billion. The deal is the latest salvo in the intensifying turf battle between tech heavyweights Alibaba and Tencent in the fast-growing Chinese markets for online food ordering and digital…
Alibaba doubles investment in SE Asia e-commerce firm
Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia's leading online shopping firm, boosting its regional expansion.
Alibaba sets up AI research centre in Singapore
Chinese e-commerce giant Alibaba on Wednesday opened an artificial intelligence research institute in Singapore in partnership with a local university, as the battle to develop AI technology heats up.
Alibaba buys stake in Wanda Film for $750 million
Troubled Chinese conglomerate Wanda announced Monday that e-commerce giant Alibaba has agreed to buy a stake in its cinema division for around $750 million, the latest sell-off by the heavily-indebted group.
China's Ant Financial drops MoneyGram deal as US approval fails
Ant Financial, an affiliate of Chinese internet titan Alibaba, has been forced to abandon a $1.2 billion deal to buy US remittances firm MoneyGram after failing to get approval from regulators in Washington.
Alibaba hosts Nigerian startups in China
Chinese e-commerce giant, Alibaba, is hosting Suvenia.com alongside three other Nigerian entrepreneurs are currently taking part in the first Alibaba eFounders Initiative Entrepreneurship Training Programme, titled Shaping Champions for the New Economy, hosted in the city of Hangzhou, China. The pilot eFounders Initiative Entrepreneurship Training Programme runs from 10 to 23 November 2017. It is…