Alibaba

Alibaba's Singles Day Sales Top €63bn, Planned Rules Hit Shares

Alibaba sales for its post-COVID-19 Singles' Day shopping extravaganza hit €63 billion, a haul that was overshadowed by a 10% drop in its shares after...

Alibaba To Kick Off China's First Post-Pandemic 'Singles Day' Early

China's Alibaba Group Holding Ltd will kick off its mega-shopping extravaganza "Singles Day" early this year, a move that will likely see a big j...

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...