tag Alibaba

Chinese Billionaires Clash Over Alibaba 's Parcel Deliveries

EghtesadOnline: China’s wealthiest man, Jack Ma, has locked horns with the country’s fourth-richest in an escalating dispute over the lucrative business of shipping Alibaba ’s parcels to millions of shoppers nationwide.
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Publish Date:03/June/2017 | 04:23

Silver Lake Said to Join $1.2 Billion Round in Key Alibaba Arm

EghtesadOnline: Alibaba Group Holding Ltd.’s on-demand services unit is close to securing $1.2 billion of funding for expansion after getting backing from first-time investors including Silver Lake Management and China’s sovereign wealth fund, people familiar with the matter said.
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Publish Date:24/December/2016 | 14:11

Alibaba Buys a Third of Discount Chinese Grocery Chain Sanjiang

EghtesadOnline: Alibaba Group Holding Ltd. will spend more than 2 billion yuan ($290 million) buying about a third of Sanjiang Shopping Club Co., picking up a slice of a regional Chinese discount supermarket chain with more than a million members.
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Publish Date:21/November/2016 | 08:27

China Now Has the Most Valuable AI Startup in the World

EghtesadOnline: SenseTime Group Ltd. has raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world’s most valuable artificial intelligence startup.
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Publish Date:09/April/2018 | 05:38

How Alibaba ’s Jack Ma Became Theresa May’s New Brexit Guru

EghtesadOnline: Theresa May has found an unlikely source of inspiration for her Brexit plans: Jack Ma, the charismatic billionaire founder of Alibaba Group, the Chinese e-commerce giant, and one of the world’s richest men.
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Publish Date:10/February/2018 | 24:17

Alibaba ’s Rise Creates At Least 10 Billionaires Not Named Jack Ma

EghtesadOnline: Jack Ma, who launched China’s largest e-commerce company two decades ago and rode it to a $47.6 billion fortune, turns out to have created billions of dollars of wealth for at least 10 others -- a total of almost $100 billion.
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Publish Date:13/November/2017 | 11:17
Detroit conference aims to fulfill pledge to Trump to create one million jobs in America

Jack Ma Woos Mom and Pop Shops in U.S. Jobs Push

EghtesadOnline: Sam Wolf moved his family's health and wellness business online more than a decade ago. The Conshohocken, Pennsylvania-based company runs its own warehouse and sells thousands of nutrition products in dozens of countries through its own website as well as on Amazon.com Inc. and EBay Inc. But all that know-how didn't quite prepare Wolf for the experience of selling into China through Alibaba Group Holding Ltd.'s online stores.
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Publish Date:20/June/2017 | 04:17

Alibaba 's Jack Ma Gets $2.8 Billion Richer in One Day

EghtesadOnline: Jack Ma’s net worth surged $2.8 billion overnight as Alibaba Group Holding Ltd. forecast sales growth that topped every analyst’s estimate, despite China’s decelerating economy.
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Publish Date:10/June/2017 | 06:49

Amazon Starts Prime Service in China to Compete With Alibaba

EghtesadOnline: Amazon.com Inc. has started offering its Prime free-shipping service in China, ratcheting up attempts to compete with Alibaba Group Holding Ltd. for the rising number of shoppers hankering after overseas goods.
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Publish Date:31/October/2016 | 05:44

Chinese consortium agrees to $4.4 billion deal for Caesars online games

EghtesadOnline: A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $4.4 billion in cash, the companies said.
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Publish Date:31/July/2016 | 08:06