Alibaba

Alibaba Shops For Hypermarket Chain Sun Art In $3.6bn Deal

Alibaba Group Holdings said on Monday it will invest $3.6 billion to acquire a controlling stake in hypermarket operator Sun Art Retail Group Ltd, gaining...

Alibaba-Backed Best To List Delivery Business In Hong Kong: Sources

Alibaba-backed Best Inc is seeking a Hong Kong listing for its express delivery and freight delivery businesses, keen to boost its valuation and establish...

Starbucks Expands Chinese Order Services To Multiple Alibaba Apps

Starbucks customers in China can now order the coffee chain's drinks on Alibaba's Taobao marketplace and mobile map app Amap, the companies have announced,...

Alibaba's Jack Ma Sells $8.2bn Worth Shares, Stake Dips To 4.8%

Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at...

Alibaba Warns Of Drop In E-Commerce Revenues Due To Coronavirus

Alibaba Group Holding Ltd has warned of a drop in revenues at its key e-commerce businesses this quarter as the coronavirus sweeping China hits supply chai...

Alibaba Beats Revenue Estimates On record Singles' Day Sales

China's Alibaba Group Holding Ltd reported a better-than-expected quarterly revenue on Thursday, boosted by record sales during its annual Singles' Day sho...

Alibaba-Backed Startup AutoX Applies For Driver-Less Test Permit In California

Chinese startup AutoX, backed by e-commerce giant Alibaba, has applied to test self-driving vehicles without an in-car backup driver in California, th...

Alibaba To Price Shares At HK$176 In Landmark Hong Kong Listing: Dources

Chinese e-commerce giant Alibaba Group will raise up to $12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8% discount...