Shoppers spent around $9 billion in the first 12 hours of China's "Singles Day" sale on Wednesday, e-commerce giant Alibaba said, in the world's biggest online shopping day.
Chinese online giant Alibaba on Tuesday posted robust quarterly results showing better-than-expected sales growth, allaying fears stemming from cooling in the world's second largest economy.
Alibaba said Friday it's offering to buy up the rest of Chinese video streaming site Youku Tudou in a $3.6 billion deal signaling the e-commerce giant's intent to expand beyond its core business of online shopping.
Yahoo notified US regulators that it is proceeding with plans to spin off its multi-billion-dollar stake in Alibaba despite the unanswered question of what the tax bill could be.
A crucial deal for Yahoo has hit a snag, with the IRS declining to issue a private ruling that would have confirmed the Internet company can spin off its stake in China's Alibaba Group tax free.
Online ratings and reviews are a helpful, if imperfect, guide for potential customers.
Internet giant Alibaba has joined forces with China's biggest defence company to offer location-based services using a homegrown satellite navigation system that competes with the US GPS network, the firms said.
American billionaire George Soros's fund has sold most of its stake in the Chinese e-commerce giant Alibaba, according to regulatory filings Friday.
With sales growth slowing in China, Alibaba is looking across its borders to give sales a boost.
Chinese e-commerce giant Alibaba will invest $1.0 billion in its cloud computing arm to expand its international presence, the company said Wednesday, as it looks outside its core business and beyond traditional markets.