Daraz, founded in 2012, was purchased from Rocket Internet, a Berlin-based incubator of online startups
Alibaba Group Holding Ltd. denied punishing the companies and said that Alibaba and Tmall conduct business in full compliance with Chinese laws
Alibaba did not disclose the terms of the acquisition - the firm's first involving a chipmaker
The e-commerce giant will invest about 5.45 billion yuan ($865 million) in Beijing Easyhome Furnishing Chain Store Group Co
Alibaba's Chief Financial Officer Maggie Wu said on a conference call that investors shouldn't equate lower margins with lower profits, as the overall business is growing
Trade tension between US and China is increasing as China's economy continues to grow quickly
The tranches for 5.5-, 10-, 20-, 30- and 40-year maturities were priced at 73, 108, 118, 138 and 158 basis points over US Treasuries
It has enlisted 600,000 outlets to hawk goods and get parcels shipped in China
To access company's user base across platforms like UC Browser, UC News, and 9Apps
The firm plans to launch 8 research bases in China, Israel, the United States, Russia and Singapore
The Alibaba 'Damo' academy would launch eight research bases in China, Israel, the United States, Russia and Singapore
The e-commerce giant is increasingly looking at traditional brick-and-mortar businesses
The battlefield of Chinese e-commerce giants has shifted offline, reports TechInAsia
Paying users of cloud business surpass 1 mn; net income to shareholders $2.17 bln, or 83 cents
China's housing rental market in major cities has been dominated by real estate agents and frauds
Paytm would hold 55% stake
Alibaba had revenue of $22.99 billion in its year to the end of March
Players like Snapdeal-backed PepperTap has already shut shop
The Chinese e-commerce firm took control of Lazada last year from Rocket in a $1-billion deal
At the same event last year, the firm predicted 48% revenue growth