All Posts Tagged Tag: ‘Alibaba’

Yahoo Reverses Spinoff To Sell Core Business And Keep Alibaba Stake

Yahoo Reverses Spinoff To Sell Core Business And Keep Alibaba Stake

After a report from CNBC came out saying that Yahoo will halt its spinoff of its stake in Alibaba and explore a potential deal for its core business, Yahoo put out an official announcement. It says the board of directors has unanimously decided to suspend work on the pending plan announced earlier this year to spin off Yahoo’s remaining holdings …

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Report: Yahoo Won’t Move Forward With Alibaba Spinoff

Report: Yahoo Won’t Move Forward With Alibaba Spinoff

Over the first week+ of December, there have been numerous rumors about Yahoo. It has been reported (but not officially confirmed) that the company is considering selling its core web business, including search and advertising. This was the big story last week as board members prepared to meet for discussions. One report named Verizon, IAC/Interactive, News Corp., and Time as …

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Yahoo To Discuss Selling Web Business This Week [Report]

Yahoo To Discuss Selling Web Business This Week [Report]

The Wall Street Journal reported late on Tuesday that Yahoo has meetings on Wednesday through Friday to discuss the possibility of selling its internet businesses and getting more out of its stake in Alibaba Group Holding. According to this report, Yahoo’s board of directors are expected to talk about whether or not to spin off the Alibaba stake, find a …

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Alibaba Buys ‘China’s YouTube’ for $3.7 Billion

Alibaba Buys ‘China’s YouTube’ for $3.7 Billion

Alibaba has announced that it has acquired Youku Tudou for around $3.7 billion. Youku Tudou is commonly referred to as “China’s YouTube”. E-commerce giant Alibaba had previously offered a little less to purchase the company last October. Alibaba already owned about a fifth of Youku Tudou. “We believe this combination with Alibaba maximizes value for Youku Tudou shareholders and significantly …

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Alibaba Group Earnings Impress, Revenue Jumps 32%

Alibaba Group Earnings Impress, Revenue Jumps 32%

Alibaba Group reported its financial results for the quarter ended September 30 on Tuesday, beating Wall Street expectations as its revenue jumped 32% to $3.5 billion. EPS was $0.57. Gross merchandise volume (GMV), which refers to the total sales value for merchandise sold, was particularly good at $112 billion, up $25 billion from the same period last year. The company …

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Alibaba Group’s Cloud Business Expands With New Data Center

Alibaba Group’s Cloud Business Expands With New Data Center

Aliyun, the cloud computing arm of Alibaba Group, announced that it will set up a new cloud data center in Singapore, where the company will also base the headquarters for its overseas business. The center will launch next month. The company notes that the center utilizes a $1 billion investment in cloud computing from Alibaba Group, which will lead to …

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Alibaba Is Starting A Netflix-Like Service Called TBO

Chinese ecommerce giant Alibaba Grouip is getting into online streaming video, readying a Netflix-type service in the country, according to multiple reports. The news comes as Netflix is trying to figure out its own entry into China. Alibaba’s head of digital entertainment reportedly said on Sunday that the company will launch the service, called TBO (Tmall Box Office) in two …

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Alibaba Wants To Help US Small Businesses Sell More In China

Alibaba Group founder and Executive Chairman Jack Ma wrote an article for The Wall Street Journal in which he talked about the company’s strategy for the U.S. market. According to him, it’s “simple and clear” in that it wants to help U.S. entrepreneurs and small business owners, as well as businesses of all sizes, sell goods to a growing Chinese …

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About Daniel Zhang, The New CEO Of Alibaba Group

Alibaba managed to take the title for the largest global IPO ever in September, and the company is about to be under new (yet familiar) leadership . Alibaba reported its March 2015 and fiscal year 2015 financial results on Thursday while also announcing that COO Daniel Zhang will become CEO of Alibaba Group starting May 10. He will replace Jonathan …

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Alibaba Releases First Earnings Report As A Public Company

Chinese e-commerce giant Alibaba, which held its IPO here in the United States in September, just released its first earnings report as a public company, and it was a good one. The company beat Wall Street expectations with revenue of $2.74 billion and earnings per share of $0.45. Alibaba Group CEO Jonathan Lu had this to say: “We delivered a …

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Alibaba Prices Huge IPO, To Trade On NYSE

Alibaba priced its shares at $68 on Thursday, which should make its IPO the largest ever for a company in the U.S., despite the fact that the business is Chinese. It’s expected to raise at least $21.8 billion. Shares are to begin trading on the New York Stock Exchange on Friday under the BABA ticker symbol. The event is streaming …

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Snapchat Is Apparently Worth $10 Billion

Snapchat has been reported as the fastest-growing social app. It’s inspired an absolutely pointless ripoff from a huge international company. It’s so popular among teens that it’s making them lose their frickin’ minds. But is it really worth $10 billion? Apparently, according to a new report from Bloomberg. They quote people familiar with the matter who say that Snapchat is …

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Yahoo Earnings Released, Revenue $1.04 Billion

Yahoo just released its earnings report for the second quarter, missing Wall Street estimates with revenue of $1.04 billion. CEO Marissa Mayer didn’t sugar coat it. “Our top priority is revenue growth and by that measure, we are not satisfied with our Q2 results,” she said. “While several areas showed strength, their growth was offset by declines. Yahoo Search, for …

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Alibaba Announces New U.S. Main Street-Inspired Marketplace 11 Main

Chinese ecommerce giant Alibaba, ahead of its United State-based IPO (said to be the largest ever for a tech company), announced a new U.S. online shopping marketplace called 11 Main. The site aims to emulate the Main Street shopping experience that takes place in towns across the country. 11 Main combines specialty shops and boutiques, which are hand-selected by the …

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Alibaba IPO Gets The NMA Treatment

Next Media Animation is at it again. The Taiwanese animators have released this video depicting a predictably insane take on the Alibaba IPO. It involves a giant panda, some puppies, and a genie. The company filed for the IPO earlier this week. It’s said to be the largest ever for a tech company. The Chinese e-commerce giant dominates mobile commerce …

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Alibaba Finally Files For IPO, Which Is Said To Be Largest Ever For Tech Company

As expected for quite a while, Alibaba has finally filed for its IPO, and word is that it will be the biggest one ever for a tech company. The Chinese e-commerce giant dominates mobile commerce in that country, accounting for a reported 76% of all sales and roughly 136 million MAUs. Alibaba also detailed its financial performance for the first …

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Alibaba Launches Search Engine Aliyun

Alibaba has launched a new search engine called Aliyun, which makes use of the same brand as its mobile operating system. Both are actually operated by an Alibaba subsidiary, AliCloud. Google and Alibaba had a bit of a beef last year, regarding the OS. Acer was set to unveil a smartphone utilizing the OS, which (according to Google) is based …

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Alibaba CEO Jack Ma To Leave Post

Jack Ma, founder and CEO of Chinese ecommerce powerhouse Alibaba, will soon shed his CEO title, though he will remain executive chairman, and focus on strategic direction of the company, which he founded in 1999. Ma sent a letter around to Alibaba employees, which is quoted on the company’s blog: As a founder CEO,” Ma wrote in the e-mail, “stepping …

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Alibaba Hits Huge $157 Billion Annual Sales Milestone

Alibaba announced today that its sites Tmall and Taobao Marketplace have combined to surpass RMB one trillion in annual sales, which is roughly equal to $157 billion. It’s not as much as Walmart, but for e-commerce, it’s pretty huge. The company hit the milestone on November 30. In a post on Alibaba’s Alizila blog, Jim Erickson writes: Speaking on Dec. …

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Alibaba Closes Deal With Yahoo Worth $7.6 Billion

Alibaba has closed the initial repurchase of shares from Yahoo and restructured its relationship with the company in a set of transactions valued at $7.6 billion. The two companies announced the plan back in May, which would see Yahoo reduce its stake in Alibaba in stages over time, and over a series of agreements. The initial repurchase of shares represented …

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Google And Alibaba Have Android Beef

Acer was set to unveil a new smartphone last week, but the launch was reportedly postponed after Google expressed concerns with the operating system, developed by Alibaba, and apparently based upon Android. Google has always painted Android as an open platform, but this philosophy has had its share of critics. That “openness” debate has come back into the spotlight as …

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Yahoo and Alibaba Make Stock Deal Official

Remember the $7 billion deal we were talking about on Friday with Yahoo and Chinese-based Alibaba? Well, they are making it official. Yahoo has agreed to sell off its shares of the Alibaba empire. A majority will be purchased back by the company and the remained will be sold after the Alibaba IPO, whenever that is. The deal was announced …

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Yahoo and Alibaba Come to a Compromise Over Shares

Before Yahoo CEO Scott Thompson offered his resignation at Yahoo he visited China several times and met with Alibaba CEO Jack Ma. The two CEOs along with Yahoo’s CFO Tim Morse and legal head Mike Callahan were working out a deal to determine what should be done with Yahoo’s large stake in the Chinese company. Apparently that deal came to …

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Yahoo Selling Shares to Alibaba

Alibaba, China’s largest online business-to-business trading platform, posted Q1 2012 profits of $53.8 million, though Yahoo Inc. is looking to sell a large portion of its shares with the company. Yahoo bought a 40% stake in the platform in 2005, and now Alibaba seeks to buy back some of the ownership, in a deal that could range between $4.8 and …

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PayPal Bringing Its Services To China And India

PayPal is one of the largest names in the online payment industry. It makes it super easy to make online transactions across national borders. Making the transactions with other people within your borders is a bit trickier if you happen to live in certain countries. PayPal is hoping to change that for China and India. PayPal announced today their intentions …

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Alibaba CEO and COO Step Down

According to reports, Alibaba CEO David Wei and COO Elvis Lee have both resigned, following findings of fraudulent activity among thousands of sellers.

Neither executive was found to be actually involved in the fraud, but the company found a significant increase in claims against particular sellers over the last year.

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Bing-Alibaba Relationship Stumbles In China

It looks like Microsoft isn’t going to defy Google and Baidu and achieve a great victory in China anytime soon.  Three and a half months after it began, a partnership involving Bing and a search engine owned by Alibaba has already ended.

To be fair, little is known about the situation, and it could have been someone at Microsoft who pulled the plug.  The comments of one Microsoft representative hint that a corporate memo didn’t exactly go around, however.

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Alibaba Makes Major Logistics Investments in Chinese Market

Alibaba announced plans to build a network of warehouses across China, and drive major investment in logistics in that country, with the aim of allowing merchants to meet growing domestic consumption. 

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Google Slides To Third Place In Chinese Online Ad Market

It’s a pretty well-known fact that Baidu’s beaten Google in China, and all of Google’s efforts to reverse that fact haven’t accomplished much.  Unfortunately for the company, those efforts also failed to hold off another rival, as a new report puts Alibaba ahead of Google in the online ad market.

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Inside the Google Phonebooth, Apple Refuses to Show “Green” Rank

Today seems to be redesign day. Digg began rolling out its new redesign to all users (follow us here). MySpace introduced a redesign to profiles. In addition to these, UStream unveiled its own redesign with changes to the homepage as well as the dashboard.

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