Billionaire Alibaba-founder Jack Ma wants China’s top lawmakers to come down harder on fake goods — the very same plea voiced by global brands who’ve accused the e-commerce service of harboring knock-offs. The Alibaba Group Holding Ltd. chairman appealed to the National People’s Congress convening in Beijing this week to penalize counterfeiters as harshly as drunk drivers.
Category: Alibaba
Alibaba-Rival JD to Get $2.1 Billion In Finance Arm Spinoff
JD.com Inc. agreed to sell its finance arm for 14.3 billion yuan in cash while retaining a share of its future profits, part of a deal to spin off the fast-growing division and create a strong rival to billionaire Jack Ma’s Ant Financial. The sale and spinoff of JD Finance, a payments and investment business, will be completed by the middle of 2017, the Beijing-based company said Thursday without naming buyers or investors apart from Chief Executive Officer Richard Liu.
Chinese Streaming Giant iQiyi Raises $1.5B
The cash infusion will boost the Netflix-like streaming service in its ongoing battle for market share against Tencent and Alibaba. iQiyi, the Netflix-like streaming video subsidiary of Chinese search giant Baidu, has raised $1.53 billion in new funds to fuel its investments in original content and compete with rivals.
Alibaba Deepens Retail Foray With New Chinese Supermarket Tie-Up
Alibaba Group Holding Ltd. is teaming up with Shanghai Bailian Group Co., one of China’s largest supermarket and department store chains, as Jack Ma accelerates an effort to employ technology to shake up old-fashioned retail. Alibaba’s planning to help upgrade some of Bailian’s 4,700 stores across the country, integrating everything from customer relations to payment and logistics in a manner similar to its tie-ups with other players such as electronics chain Suning Commerce Group Co.
One Gaping Hole in the GOP Tax Plan Could Be a Boon for Alibaba
An unanswered question in the GOP tax plan could give Alibaba a huge advantage over American retailers like Walmart and Amazon. An unanswered question in the GOP tax plan could give China-based Alibaba a huge advantage over American retailers like Walmart and Amazon .
Here’s Why Alibaba, JPMorgan and Qualcomm Should Still Be on Your Buy List
This market could have a lot further to run in 2017 — here are five big stocks that look ready to lead the S&P higher. There’s been a lot of discussion about how long the S&P can keep on busting through to new higher ground – the short answer is “a lot longer than most people think.”
Why You Should Bet on Alibaba, IBM, and 3 More Stocks to Outperform in February
As we approach the final stretch of January, U.S. markets are looking strong–so far, the big S&P 500 is up 2.5%, enough to make the past four weeks the second-best inaugural month for the markets in a decade. The only other year-to-date rally that kicked off harder was 2013, a year that ended up with a 29.6% finish for the S&P.
Critics say the episode is indicative of the sexism and harassment common at Chinese tech companies.
Chinese tech and entertainment giant Tencent has found itself at the center of a public relations firestorm after a sexually suggestive video leaked from an official company party. The clip, which has gone viral across Chinese social media, shows female Tencent employees kneeling in front of male colleagues on stage during a year-end event for staff.
Jack Ma Bets $2.6 Billion He Can Revamp China Retail Sector
Alibaba Group Holding Ltd. pioneered shopping on the internet in China. Now it thinks it can teach old-school retailers a thing or two about real-world commerce.
Just How Far-fetched Is Alibaba’s Goal to Create One Million Jobs in the U.S.?
U.S. Chamber of Commerce estimates that trade with China already supports over 40 million jobs in the United States. Can Alibaba tack on another million? During a 40-minute meeting with President-elect Donald Trump at Trump Tower on Monday, Alibaba founder and executive chairman Jack Ma pledged to create one million jobs in the U.S. by helping small businesses sell products and services to China.
Alibaba Looks to Add Chinese Retailer Intime for $2.6 Billion
The move will help the Chinese e-commerce giant continue to blur the lines between its online and in-person locations. China’s biggest e-commerce retailer, Alibaba , said Monday it is teaming up with Shen Guojun, the founder of Chinese retailer Intime, to acquire the latter company for about HK$19.8 billion .
Yahoo! Set to Thrive Under New Altaba Name Thanks to Alibaba Stake
Yahoo! will rename itself ‘Altaba’ when the $4.8 billion Verizon deal is complete. The stock has benefited from Alibaba’s stunning performance under CEO Jack Ma.
Alibaba’s Ma Meets With Trump to Talk About Creating Jobs
Alibaba Group Holding Ltd. Chairman Jack Ma met with Donald Trump on Monday to discuss how the online retailer could help create 1 million new U.S. jobs, keying in on one of the president-elect’s chief concerns amid fraught relations between China and the incoming administration. The Chinese e-commerce giant said the positions would be generated through Alibaba adding 1 million small and medium-sized U.S. businesses to its platforms, estimating that each one will hire a new person as a result of the added commerce.
Trump camp faces a complex scramble in avoiding potential conflicts
U.S. President-elect Donald Trump walks from an elevator with Alibaba Executive Chairman Jack Ma after their meeting at Trump Tower in New York on Monday. While promoting a Trump Tower condo development in South America last week, Eric Trump assured an Argentine newspaper that his family’s business was “in the first phase” of a building project in Buenos Aires.
Alibaba Sues Sellers of Fake Swarovski Watches in Crackdown
Alibaba Group Holding Ltd. sued two vendors it said used the company’s Taobao website to sell counterfeit Swarovski watches, just weeks after the site was labeled a haven for knockoffs by U.S. regulators. The lawsuit is the first legal action taken by an e-commerce site in China against sellers of counterfeit goods and Alibaba seeks 1.4 million yuan in damages, the company said Wednesday in a statement.
Alibaba cracks down on counterfeiters on their platform
Chinese e-commerce giant Alibaba has sued two vendors for selling counterfeit goods, weeks after being blacklisted by a US industry watchdog. The move comes just two weeks after the company was put back onto the US’s “notorious markets” list over failing to curb the sale of counterfeit goods.
Why to Avoid Chinese Online Behemoth Alibaba Over the Short Term
The Chinese online marketplace’s peer-to-peer platform, Taobao.com, has been again labeled a ” notorious marketplace ” by the U.S. Trade Representative. This is a big blow for the company that is often likened to Amazon.
Silver Lake Said to Join $1.2 Billion Round in Key Alibaba Arm
Alibaba Group Holding Ltd.’s on-demand services unit is close to securing $1.2 billion of funding for expansion after getting backing from first-time investors including Silver Lake Management and China’s sovereign wealth fund, people familiar with the matter said. The latest round for Koubei, which deals in local services such as food delivery, will surpass a $1 billion target with backing from China Investment Corp., according to the people, who asked not to be named because the matter is private.
Alibaba Again Named – Notorious Market’ in Blow to Overseas Push
Alibaba Group Holding Ltd. has again been labeled a haven for knockoffs with an embarrassing return to a U.S. blacklist for fakes just four years after getting its name removed. The U.S. Office of the Trade Representative on Wednesday restored Alibaba’s Taobao to its lineup of “Notorious Markets,” citing an unacceptably high level of reported counterfeiting and piracy.
China’s Alibaba back on US counterfeits blacklist
Alibaba was taken off the list four years ago, but US authorities say the firm’s online platform Taobao is used to sell “high levels” of fake goods. The firm also suggested the “current political climate” in the US might be why they are back on the list.
Alibaba Lawsuit Throws Spotlight on – Brushers’ Gaming Rankings
A lawsuit filed by Alibaba Group Holding Ltd. is shining a light on the fake reviews and purchases on its websites. China’s biggest e-commerce operator sued Shatui.com, which allegedly links merchants with people willing to falsify purchases and write positive comments that can drive sellers up Alibaba’s rankings.