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Tag Archives: Alibaba

Alibaba launches low-cost voice assistant amid AI drive

China’s Alibaba Group Holding Ltd launched on Wednesday a cut-price voice assistant speaker, similar to Amazon.com Inc’s “Echo”, its first foray into artificially intelligent home devices. The “Tmall Genie”, named after the company’s e-commerce platform Tmall, costs 499 yuan ($73.42), significantly less than western counterparts by Amazon and Alphabet Inc’s …

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Jack Ma to launch Alibaba’s regional distribution hub in Malaysia: sources

Chinese e-commerce giant Alibaba Group Holding Limited plans to set up a regional distribution hub in Malaysia to cater to its fast-growing business in the region, two sources aware of the discussions said. The hub would be sited within KLIA Aeropolis, a 24,700-acre development led by airport operator Malaysia Airports …

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Alibaba tells Trump about U.S. store plan for China e-shoppers

Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce company’s new plan to bring a million small U.S. businesses onto its platform to sell to Chinese consumers over the next five year, an Alibaba spokesman said. Alibaba Group Holding Ltd (BABA.N) …

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Alibaba Singles’ Day sales race past $5 billion in first hour

Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) said it racked up more than $5 billion in transactions in the first hour of its annual ‘Singles’ Day’ sales blitz on Friday – a third more than in the first hour of last year’s spree. The 24-hour event held annually on …

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Alibaba says it is not making an investment in Netflix

Alibaba Group Holding Inc is not making an investment in Netflix Inc, Alibaba spokesman Bob Christie told Reuters on Friday. Christie was responding to market rumors about a possible deal between the Chinese e-commerce company and the U.S. video service. (Reporting by Peter Henderson; Editing by Richard Chang) (c) Copyright …

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Alibaba’s Ant Financial buys 20 percent of data firm for $35 million: source

Chinese e-commerce firm Alibaba Group Holding Ltd’s (BABA.N) affiliate Ant Financial has bought a fifth of financial data provider Shanghai Suntime Information Technology for around $35 million, a source with direct knowledge of the deal said. “The acquisition will provide Ant Financial with good financial products so that it can …

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Temasek, GIC buy $1 billion in Alibaba stock in SoftBank sale

Singapore state funds bought $1 billion of shares in Chinese e-commerce company Alibaba Group Holding Ltd as part of an $8.9 billion sale by Japan’s SoftBank Group Corp, Alibaba’s biggest shareholder, the company said on Wednesday. Singapore sovereign wealth fund GIC Pte Ltd, and state investor Temasek Holdings each purchased …

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Top Alibaba shareholder Softbank plans to sell $7.9 billion in stock

Japanese telecommunications and internet firm Softbank Group Corp said on Tuesday it will sell at least $7.9 billion of shares in Chinese e-commerce company Alibaba Group Holding Ltd in order to raise funds to reduce its debt. The transaction marks the first sale of Alibaba shares by its largest shareholder …

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