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Alibaba Funnels $3.3 Billion Into Logistics Arm As E-commerce Demands Intensify

Alibaba Group Holding Ltd (NYSE: BABA), the world's largest online and mobile commerce company, announced a further investment of $3.3 billion in its logistics affiliate, Cainiao.  0 read more.....»»

Category: blogSource: benzingaNov 8th, 2019

Package Deal: Alibaba Takes Control of Network With Two Million Couriers

The Chinese e-commerce giant has become the majority owner of affiliate Cainiao and plans to invest around $15 billion over five years to build its logistics network......»»

Category: asiaSource: wsjApr 27th, 2018

Alibaba, Cainiao Lead $1.4 Billion Spend on Delivery-Firm Stake

Facing tougher competition in online retailing, Chinese e-commerce giant Alibaba and its logistics arm are leading a $1.4 billion effort to boost their delivery capabilities......»»

Category: smallbizSource: wsjMay 29th, 2018

Alibaba and Cainiao Invest $1.38 Billion In ZTO Express

A Chinese e-commerce giant struck a notable partnership Tuesday in the country's logistics sector.  read more.....»»

Category: blogSource: benzingaMay 29th, 2018

Alibaba sees 1Q20 revenues down sequentially

China-based e-commerce operator Alibaba Group has reported consolidated revenues of CNY114.314 billion (US$16.14 billion) for first-quarter 2020, decreasing 29.20% sequentially but increasing 22.26% on year......»»

Category: topSource: digitimesMay 25th, 2020

Alibaba"s $28 billion investment in cloud infrastructure will help it compete with US tech giants outside of China (BABA, MSFT, AMZN)

Chinese e-commerce giant Alibaba announced that it would invest RMB 200 billion ($28 billion) in building its cloud infrastructure over the next three years, according to TechCrunch. Jeff Zhang, president of Alibaba Cloud Intelligenc.....»»

Category: topSource: businessinsiderApr 21st, 2020

Alibaba sees increased 4Q19 revenues

China-based e-commerce operator Alibaba Group has reported consolidated revenues of CNY161.456 billion (US$23.19 billion) for fourth-quarter 2019, increasing 35.66% sequentially and 37.67% on year......»»

Category: topSource: digitimesFeb 16th, 2020

A stock and a hard place: SoftBank"s $150 billion Alibaba warchest in spotlight

SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm's $150 billion stake in e-commerce giant Alibaba , after prominent activist investor Elliott Management called for big buybacks......»»

Category: topSource: reutersFeb 12th, 2020

Economic Preview: Alibaba earnings preview: Coronavirus impact in focus

The coronavirus outbreak could cloud over Alibaba Group Holding Ltd.’s earnings call later this week as investors seek to understanding how the virus is impacting e-commerce spending in China as well as logistics and supply chains......»»

Category: topSource: marketwatchFeb 11th, 2020

Economic Preview: Alibaba earnings: Coronavirus impact in focus

The coronavirus outbreak could cloud over Alibaba Group Holding Ltd.’s earnings call later this week as investors seek to understanding how the virus is impacting e-commerce spending in China as well as logistics and supply chains......»»

Category: topSource: marketwatchFeb 10th, 2020

JD.Com"s logistics unit taps banks for potential $8-$10 billion IPO: sources

The logistics unit of Chinese e-commerce company JD.com Inc has held early discussions with banks about a potential overseas IPO that could raise $8 billion to $10 billion, two people with direct knowledge of the matter told Reuters......»»

Category: topSource: reutersDec 23rd, 2019

Alibaba raises further $1.7 billion in over-allotted shares in HK listing

Chinese e-commerce giant Alibaba said on Tuesday it has raised an additional HK$13.17 billion ($1.68 billion) by exercising the over-allotment option in its Hong Kong secondary listing......»»

Category: topSource: reutersDec 3rd, 2019

How Alibaba co-founder Jack Ma spends his $38 billion net worth

Alibaba cofounder Jack Ma is the richest man in China, now worth $38 billion. Here's how the e-commerce tycoon makes and spends his money......»»

Category: topSource: moneycentralDec 2nd, 2019

Alibaba cofounder Jack Ma is the richest man in China — here"s how he spends his $38 billion net worth

Jack Ma is the cofounder of $480 billion e-commerce company Alibaba. The eccentric billionaire is equally as famous for throwing lavish company parties .....»»

Category: topSource: businessinsiderDec 2nd, 2019

Alibaba raises up to $12.9 bln in HK listing

Chinese e-commerce giant Alibaba Group raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years. David Pollard reports......»»

Category: videoSource: reutersNov 20th, 2019

Alibaba prices Hong Kong listing to raise as much as $12.9 billion

Chinese e-commerce giant Alibaba announced its Hong Kong public offering has been pri.....»»

Category: topSource: marketwatchNov 20th, 2019

Alibaba raises up to $12.9 billion in landmark Hong Kong listing

Chinese e-commerce giant Alibaba Group raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale......»»

Category: topSource: reutersNov 20th, 2019

Alibaba to price shares at HK$176 in landmark $12.9 billion HK listing: sources

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 to their New York close, sources with direct knowledge of the matter said......»»

Category: topSource: reutersNov 20th, 2019

Alibaba to price shares at HK$176 in $12.9 billion Hong Kong listing: sources

Chinese e-commerce giant Alibaba will raise up to $12.9 billion in its Hong Kong secondary listing and is set to price its shares at HK$176 each, a 2.8% discount to their New York share price, sources with direct knowledge of the matter said......»»

Category: topSource: reutersNov 20th, 2019

Explainer: Why is Alibaba listing in Hong Kong?

Chinese e-commerce giant Alibaba is set to price its first share sale in Hong Kong next week, raising up to $13.4 billion in what will be the largest deal in the city since 2010 and the world's biggest ever cross-border secondary listing......»»

Category: topSource: reutersNov 15th, 2019

Alibaba"s Hong Kong listing offers valuable Beijing goodwill

Alibaba's Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war......»»

Category: topSource: reutersNov 14th, 2019