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What Chinese Shopped on Alibaba Marketplaces in 2013
The ever-growing online shopping market in China helped transactions on the past Nov 11th, the annual online shopping day created by Alibaba, reach a record high. Nearly 6,000 people in wealthy areas of China spent more than RMB...
- Posted 8 hours ago
Alibaba Invests HK$2.82 Billion in Haier Electronics to Expand Logistics Business for Bulky Commodities
Alibaba Group announced today that it reached a strategic cooperation agreement with household electrical appliance maker Haier Group. Alibaba will invest HK$2.82 billion ($363.90 million) in Haier Electronics, a listed subsidiary of Haier Group, to develop a complete...
- Posted 4 days ago
Over Five Thousand Beijing Taxis Now Support Alipay Mobile Payments
By today (December 5th), over five thousand taxis in Beijing have supported Alipay mobile payment. 500 more are added each day and the total will reach ten thousand in several days, according to Alipay. After scanning...
- Posted 8 days ago
Alibaba Reportedly Acquired Mobile Music Player Tdpod, Beting on Mobile Music Sector to Take on WeChat
Screenshot of Tdpod Alibaba reportedly pushed through the acquisition for a second mobile music company Ttpod after acquiring music service Xiami in April this year (report in Chinese). Founded in May 2008, Ttpod has received millions of...
- Posted 10 days ago
Taobao Insurance Unveiled An Insurance Platform for Online Sellers
Leyebao, an online insurance platform for online store owners and their employees across Alibaba’s e-commerce properties, is launched today together by Taobao Insurance, the online insurance arm of Alibaba’s Alifinance, and Taikang.com, the online platform of...
- Posted 17 days ago
Umeng Announced Completion of Acquisition by Alibaba
Umeng, the Chinese mobile app data analytics provider, announced Alibaba, the Chinese e-commerce giant, had completed acquisition of it three days ago. It still didn’t disclose the price in the press release, but multiple sources, including...
- Posted 21 days ago
Alipay Wallet Nearing 100 million Users, Processing One Third of Daily Payments for Alibaba
Alipay announced that Alipay Wallet, the mobile app developed and ran by Alibaba’s financial arm, was nearing 100 million users after the Nov.11 Shopping Day and would become an independent brand. One third of Alipay’s daily payments...
- Posted 29 days ago
AutoNavi Launched LBS Cloud Platform with Alibaba
AutoNavi recently unveiled LBS cloud strategy with Alibaba, which invested $294 million for a 28% stake in the company earlier this year. AutoNavi’s LBS cloud platform and Alibaba’s cloud platform has been integrated with each other. This...
- Posted 39 days ago