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Alibaba Chief Advocates Tough Love - Like Tiananmen Square

2013-07-18 18:03:47| TechNewsWorld

Jack Ma, the billionaire founder and executive chairman of Chinese Internet giant Alibaba Group, said that China's move to violently squelch Tiananmen Square protesters in 1989 was "the most correct decision," adding that "a leader needs to make this kind of decision." The remarks -- made in May and posted online over the weekend -- have drawn criticism from Chinese netizens.

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Yahoo shares soar on Alibaba growth

2013-07-17 17:50:04| BBC News | Business | UK Edition

Shares in Yahoo jump as its Chinese online retailer Alibaba reports a 71% jump in quarterly sales.

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Yahoo ad revenues shrink, profit grows on Alibaba stake

2013-07-17 09:20:00| Telecompaper Headlines

(Telecompaper) Yahoo reported growth in net profit thanks to its 24 percent stake in e-commerce portal Alibaba, but lower revenues in the second quarter, as it struggled to increase advertising turnover. Overall revenue shrank by 7 percent to USD 1.14 billion from USD 1.22 billion in the second quarter of 2012. Income from operations soared 150 percent to USD 137 million from USD 55 million, and net earnings per diluted share were 68 percent higher at USD 0.30 in the latest quarter, compared to USD 0.18 a year earlier. CEO Marissa Mayer said she was encouraged by Yahoo's second quarter performance. Yahoo expects to report USD 1.06 billion to USD 1.1 billion of revenue excluding traffic acquisition costs in the current quarter and USD 4.45 billion to USD 4.55 billion in the full year. Non-GAAP operating income USD 165 million to USD 185 million and USD 900 million to USD 1 billion, respectively.

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Alibaba leads to build US$16b logistics net

2013-05-28 21:06:09| Logistics - Topix.net

ALIBABA Group, China's largest e-commerce company, is leading a group of investors with plans to build a 100 billion yuan "smart" logistics system to connect existing networks and provide faster, more efficient delivery of goods ordered online.

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