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…

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…

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…

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…

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…

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…

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…

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?…

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…

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…