April 29, 2013
Alibaba Buys 18 Percent Stake In “China’s Twitter” Weibo
Chinese eCommerce giant Alibaba has purchased an 18 percent stake in Sina, the partent company of “China’s Twitter,” Weibo, for $586 million, reports The Wall Street Journal. The deal also...
April 08, 2013
Alibaba Group Rolls Out Daily Deals Site Juhuasuan Overseas
Alibaba Group has launched its new daily deals site Juhuasuan Overseas in Hong Kong and Taiwan, TechCrunch notes. Juahasuan Overseas represents a combination of the retail platform Taobao Marketplace and...
April 02, 2013
Networks, Remittance Segments Help Payments To Strong Stock Week
The payments industry saw a 2.92 percent jump on the stock market for the week ending March 28, with every industry subset making gains and the network and remittance industries...
March 11, 2013
China’s eCommerce Giant Alibaba Taps New CEO
China’s eCommerce giant Alibaba named Jonathan Lu as its new CEO, replacing Jack Ma who announced plans to step down in January. Lu has been at the company for 13...
January 15, 2013
eCommerce Giant Alibaba CEO Jack Ma To Step Down
Jack Ma, who has been CEO of Chinese eCommerce company Alibaba for the past 14 years, will step down on May 10, 2013 but remain as company chairman, TechCrunch reported....
January 10, 2013
Alibaba Announces Major Business Reorganization
Chinese eCommerce giant Alibaba Group has announced that it will undergo a massive businesses reorganization that will divide the company into 25 different units. Alibaba previously restructured into seven divisions...
January 07, 2013
Startup Roundup: Who’s Getting Funded?
Here’s our Startup Roundup: a (close-to-) comprehensive list of each of the startup companies in payments and/or eCommerce to receive at least $1 million in funding from equity investors in...
December 03, 2012
Alibaba Now World’s Largest eCommerce Site, Hits $157 Billion In...
Chinese eCommerce site Alibaba sold over one trillion RMB ($157 billion) worth of goods in 2012, making it the largest eCommerce site in the world by a wide margin. Alibaba...
May 27, 2012
Alibaba Enters Deal With Russian Payments Firm Qiwi…
China’s Alibaba entered into a new agreement with Russian payment service provider Qiwi, The Paypers says. Per the accord, Alibaba will accept payments routed by Qiwi to complete purchases. Qiwi...
