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Alibaba sees strong sales as Singles' Day kicks off

2019-11-11 05:43:34| BBC News | Business | UK Edition

The world's biggest online shopping day delivered sales of around $14bn in the first hour of trading.

Tags: day off sales strong

 

Megafon, Mail.ru, Alibaba sign documents to establish joint venture in Russia

2019-10-10 09:35:00| Telecompaper Headlines

(Telecompaper) Russian mobile operator Megafon, the internet company Mail.ru Group, global e-commerce company Alibaba Group and Russian Direct Investment Fund (RDIF) have received approval from federal competition regulator FAS to integrate Russia's key consumer internet and electronic commerce platforms and launch a social commerce joint venture in Russia and the CIS.

Tags: sign documents establish russia

 
 

Jack Ma: Alibaba begins new era as founder departs

2019-09-10 06:15:14| BBC News | Business | UK Edition

The charismatic Chinese businessman led Alibaba to become one of the world's biggest internet firms.

Tags: era jack begins founder

 

Alibaba growth continues with sales up 42% in June quarter

2019-08-15 15:43:00| Telecompaper Headlines

(Telecompaper) Alibaba reported a strong increase in profits and 42 percent growth in revenues in the company's fiscal first quarter to June, showing little impact from the slowing Chinese economy. Sales rose 42 percent year-on-year to CNY 114.9 billion (USD 16.7 billion), adjusted EBITDA increased 34 percent to CNY 39.2 billion, and net profit jumped to CNY 21.3 billion from CNY 8.7 billion a year ago.

Tags: june sales growth continues

 

Alibaba opens B2B platform for US small businesses

2019-07-24 13:09:00| Daily apparel & textile news and comment - from just-style.com

China-based B2B e-commerce marketplace Alibaba.com has opened its platforms to allow US businesses to sell their products to global buyers.

Tags: small businesses platform opens

 

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