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
UCWeb Inc's holding company, Alibaba Group on Friday reported a 271 percent jump (year-on-year) in its Digital Media and Entertainment revenue for the fiscal year ended March 31.The information was released as part of Alibaba Group Holding Limited's financial results for the full year and quarter ended March 31, 2017. The unit's revenue for Q4 stands at USD 571 million, recording a 234 percent increase year-over-year.Mobile internet services revenue from UCWeb businesses, including mobile search and news feeds, as well as apps and game publishing across China as well as key global markets like India and Indonesia are key contributors to the revenue rise.Reiterating its growing focus on globalization, Alibaba Digital Media and Entertainment Group, in a significant move, elevated Jack Huang, President of Overseas Business, Alibaba Mobile Business Group to President of Alibaba Mobile Business Group.Jack will report to the President Office of the Alibaba Digital Media & Entertainment .
Chinese may understand Asian business models better, given a shared culture, reports Tech In Asia
Besides Paytm, the group also has investments in Indian ecommerce firm Snapdeal
The Chinese e-commerce made an initial investment of Rs 5 crore