Page 22 - Alibaba

SoftBank to sell part of stake in China's Alibaba for $7.9 bn

Japanese mobile carrier SoftBank will sell part its stake to pay down a whopping debt load

Alibaba faces US accounting inquiry

SEC is investigating how the Chinese e-commerce giant accounts for affiliated companies and related-party transactions

Anti-counterfeit group suspends Alibaba one month after it joined

An anti-counterfeit group suspended the membership of Alibaba, one month after the Chinese Internet giant joined, after questions were raised about conflicts of interest involving the coalition's president and complaints from some members.The International AntiCounterfeiting Coalition, a nonprofit global organisation that fights counterfeit products and piracy, created a new membership category in April that allowed Alibaba to join. Alibaba is trying to shed its image as a haven for cheap brand knockoffs, but its inclusion in the group irked some members who say the company isn't going far enough to cull fakes from its online marketplaces.The IACC board said conflicts of interest involving President Bob Barchiesi were not communicated to directors, due to a "weakness in our corporate governance procedures". As a result of concerns raised by members, IACC is putting on hold the new membership classification to allow "further discussion and consideration," according to a letter from the

Alibaba to wait and watch

Shipping back goods returned by customers another worry

Alibaba's quarterly revenue leaps 39%

The quarterly revenue figure beat analysts' average estimates of a 33% rise, according to forecasts compiled by Bloomberg News

Alibaba's Jack Ma pledges not to interfere in SCMP editorial independence

The e-commerce giant completed its $266 mn purchase of the english daily, which was announced in December

Heating up

China's tech giants set for costly food fight

Alibaba expands in Southeast Asia with $1-bn Lazada deal

The company will pay $500 million for new shares in the closely held company and also purchase stock from existing investors

Alibaba makes play for growing e-sports sector

It signed an agreement with social networking firm YuuZoo to run the firm's e-sports events in China, including sport games, offering $5.5 million in prize money

Alibaba likely to surpass Walmart as world's top retailer

WalMart posted net sales of $478.6 billion for its fiscal year ending Jan 31, while Alibaba amounted to $463.3 billion

Alibaba keen to enter Indian e-commerce space in 2016

Its president, Michael Evens said they plan to serve both customers, consumers and of course small businesses

Alibaba builds apartments to be sold to employees

In order to be eligible, they must have worked at the company for at least three years

Alibaba takes $3 billion loan to fund expansion plans

According to Reuters, the e-commerce giant has been expanding in the field such as online video.

China's Alibaba Group agrees for $3 billion five-year loan

The money will be spent to buy stakes in companies in China and overseas, as the company expands beyond its core e-commerce business

A drug problem

Health woes show limits of Alibaba's Midas touch