Tag Archives: Alibaba Group

21Nov/17

Tencent surpasses Facebook in market value

Tencent Holdings has racked up some impressive gains this week – becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook to be the world’s fifth-most valuable company. Grace Lee reports Continue reading

11Nov/17

China shopping festival smashes record with $25 bln haul

SHANGHAI, CHINA (NOVEMBER 11 AND 12, 2017) (REUTERS) – Alibaba, the Chinese e-commerce giant, said that its Singles’ Day sales extravaganza on Saturday’s (November 11) hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Continue reading

10Nov/17

UCLA basketball players suspected of shoplifting in China confined to hotel

HANGZHOU, ZHEJIANG PROVINCE, CHINA (NOVEMBER 10, 2017) (REUTERS) – Three UCLA men’s basketball players, detained in China on suspicion of shoplifting ahead of a visit by U.S. President Donald Trump, have been confined to their hotel pending legal proceedings, sources with knowledge of the matter said. Continue reading

08Nov/17

Former Yahoo CEO apologizes for data breach

At a hearing in Washington, D.C.on Wednesday, former Yahoo Chief Executive Marissa Mayer apologized for a pair of massive data breaches at the internet company, blaming Russian agents. Continue reading

08Nov/17

Snapchat owner’s shares plunge

Snap’s shares tumbled after it disappointed with revenue and user growth. But the stock recovered slightly after Snap said China’s Tencent holds 12 pct stake. Roselle Chen reports. Continue reading

16Apr/17

China’s Alibaba to build cyber Silk Road by creating global e-commerce platforms

China Central Television (CCTV) – China’s e-commerce giant Alibaba Group has been developing cross-border e-commerce platforms in countries along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, promoting the idea of building a “cyber Silk Road”.
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10Jan/17

Yahoo renames itself Altaba

The Silicon Valley pioneer also said CEO Marissa Mayer and some other directors will leave the board after it closes its deal with Verizon. Fred Katayama reports. Continue reading

15Dec/16

Yahoo discloses new data breach affecting 1 billion accounts

Yahoo says one billion accounts exposed in newly discovered security breach.

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11Nov/16
Kobe Bryant at an Alibaba gala

Alibaba Singles Day sales break $5 bln in an hour

Alibaba’s Singles’ Day sales surged past last year’s 91.2 billion yuan ($13.36 billion) total with nearly nine hours left on the clock, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts. Graham Mackay reports.

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31Oct/16

China plans social credit system to monitor every citizen

China plans to implement a social credit system that uses big data to monitor the behavior of citizens.
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