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…
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.
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.
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.
Alibaba.com has announced its acquisition of Vendio, a multi-channel e-commerce company offering solutions for small businesses that let them sell through channels such as eBay, Amazon, and their own Vendio-supported stores.
Through the acquisition, Alibaba is gaining access to over 80,000 targeted small businesses in the U.S. and can direct them to Alibaba’s own Aliexpress wholesale transaction platform.
China’s top ecommerce website Taobao and Yahoo Japan have partnered to launch two online platforms to cross sell in each other’s markets.
The partnership will allow Yahoo Japan merchants to list some eight million items in a Chinese-language TaoJapan section.
Taobao, a subsidiary of ecommerce firm Alibaba group, will offer 50 million products from China to Japanese consumers on Yahoo Japan’s China Mall. The two platforms will launch on June 1.
Earlier this week, Alibaba.com launched a new business-to-business platform, and now, it looks like eBay and PayPal will get a boost from it, too. It’s been decided that AliExpress will offer PayPal as a payment option.
This may turn out to be a significant moment for both sides. Alibaba is a successful ecommerce platform based in Asia, with about 47 million registered users, but of course AliExpress is brand new. And PayPal is a big moneymaker for eBay, with roughly 84 million active accounts in existence, but Asia isn’t its home market.