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.
Yahoo is moving forward with the spinoff of its sizable stake in China's Alibaba Group, and announced a name for it: Aabaco.
Alibaba Group Holding Ltd., the giant online retailer in China, hoped to replicate its success with a U.S. online shopping site and, thus, take a crack at Amazon.com Inc. and others.
Chinese e-commerce behemoth Alibaba on Thursday launched an Internet bank aimed at serving small businesses which often struggle to obtain credit from large banks.
China's Alibaba plans to launch an online video service that mimics that of US streaming giant Netflix, a report said Monday, marking the e-commerce giant's latest move to expand its business scope.
E-commerce giant Alibaba sought job applicants with porn star attributes and other tech firms host adult video starlets: China's new economy powerhouses are not immune from old-style sexism.
Yahoo acknowledged Wednesday that US authorities are reviewing the tax-free status of its planned spinoff of its stake in Chinese online giant Alibaba, but said the deal would proceed anyway.
The founder of Alibaba Group defended its stance against counterfeit goods and expressed regret Tuesday that the owner of luxury brands Gucci and Yves Saint Laurent has sued the e-commerce giant.
Before he became a billionaire in e-commerce, Richard Liu was a failure.
Chinese e-commerce giant Alibaba has acquired a more than nine-percent stake in US online retailer Zulily, according to regulatory papers.