Alibaba.com Ltd, China's largest e-commerce company, posted a record net profit for the third-quarter as revenue from value-added services buffered slowing subscriber growth, but warned of easing growth as China's exports cool.
Chinese e-commerce giant Alibaba Group Holding plans to invest 200 million yuan ($29.93 million) to build its Taobao Mall brand, a trade platform between businesses and consumers, as part of efforts to fend off competition from rivals.
As the new online banking system mostly serves commercial banks, its appeal to ordinary customers would be limited, said industry players and experts.
Chinese e-commerce giant Alibaba Group on Sunday turned down the suggestion by Yahoo chief executive officer Carol Bartz that she be allowed to join the board of Alibaba, replying that Bartz should focus on improving Yahoo's own business first.
China's Alibaba Grouup is rethinking its ties with Yahoo Inc as the two may compete in the mainland's online advertising market, Reuters reported Friday.
China's online trading giant Alibaba Group Holding Ltd, said it has moved on since the failed talks on buying back shares held by Yahoo! Inc, Bloomberg reported Sunday.
China's Alibaba.com Limited is to pay 540 million yuan ($79.06 million) for a controlling stake in China Civilink (Cayman), which operates in China as HiChina Web Solutions, Alibaba announced on Monday.
China's online trading giant Alibaba Group Holding Ltd, said it has moved on since the failed talks on buying back shares held by Yahoo! Inc, Bloomberg reported Sunday.
Chinese e-commerce giant Alibaba Group on Sunday turned down the suggestion by Yahoo chief executive officer Carol Bartz that she be allowed to join the board of Alibaba, replying that Bartz should focus on improving Yahoo's own business first.
China's largest e-commerce company, Alibaba.com Ltd, has made its second acquisition of a California tech company in two months, making it one of the most ambitious Internet companies in China.
China's largest e-commerce company, Alibaba.com Ltd, said it has entered into an agreement to buy Auctiva, its second US acquisition and its chief executive said on Tuesday he was working on more deals to fuel global growth.
Alibaba.com Ltd, the Chinese e-commerce operator partly owned by billionaire George Soros, is seeking to buy more US companies to expand its overseas business, Chief Executive Officer David Wei said.
Top Chinese e-commerce firm Alibaba.com, plans to buy Vendio Services Inc, making its first major US acquisition to further its strategy of expanding its global footprint.
Chinese e-commerce company Alibaba Group said Thursday its net profit in the first quarter this year rose 33.8 percent year-on-year to 330 million yuan ($48.3 million), which also represented a quarter-on-quarter increase of 17.4 percent.
SHENZHEN - While China's economy is showing signs of recovery after the worldwide financial crisis, Jack Ma, chairman and chief executive of e-commerce company Alibaba Group, said the end of the financial crisis is yet to come.
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