01/08/2014, Bitcoin has gained plenty of traction as well as spotlight in recent times, and this time around, we have Alibaba Group Holding Ltd’s Taobao laying the smackdown on the sale of Bitcoins. This particular ban comes right after a government crackdown against the virtual currency so that it will be able to plug a potential gap in its tight controls on capital flows. Alibaba, China’s biggest e-commerce company, might have […]
11/11/2013, With Black Friday and Cyber Monday offering customers in the US some pretty huge discounts, it is not surprising that many would hold back from a purchase and wait for those days to place their orders, thus resulting in an influx of sales. Over in China, they have something similar called the 11.11 Shopping Festival where back in 2012, Chinese shoppers managed to rack up a shopping bill that put […]
01/16/2013, Alibaba Group founder Jack Ma made a rather shocking announcement on Tuesday concerning his plans to relinquish his position as CEO, as he had the idea of retirement playing about his mind for a while already. In fact, in June last year, Ma informed journalist Bruce Einhorn and his colleague Frederik Balfour, “Some day Jack Ma is going to retire—maybe not very long [from now]. Life is so short. I […]
09/19/2012, Earlier in February this year, there was talk about Alibaba picking up Yahoo, but that did not materialize. Well, we do know that Alibaba is one the larger companies in China that can be considered to be a market leader, and they have just purchased back half the stake that Yahoo Inc. owned in the company, forking out approximately $7.6 billion in the process, which would also be a strategic […]
09/13/2012, We have word that Acer has called off a smartphone launch with Alibaba at the eleventh hour, with Alibaba (the biggest e-commerce company in China that did mull over purchasing a controlling stake in Yahoo) citing that pressure from Google on Acer was the main reason behind being ditched. Acer and Alibaba’s cloud computing unit originally intended to roll out the Acer CloudMobile A800 smartphone that ran on Alibaba’s very […]
02/15/2012, Remember all the earlier talk about Alibaba and Yahoo working something out, only to have pessimism about the deal seep in not too soon? Well, the latest news surrounding Chinese e-commerce group Alibaba is this – they might just take their Hong Kong-listed unit private at approximately the price of its 2007 initial public offering, and industry watches cite a price point of approximately HK$18 billion – that translates to […]
02/15/2012, Remember our story about Alibaba looking into the possible purchase of a major stake in Yahoo? Well, it seems that the talks between both Internet giants have hit a brick wall – which means their plans for a $17 billion tax-free asset swap might eventually be derailed and end up as nothing but hot air. This particular impasse came about on the same day where activist investor Daniel Loeb from […]
02/10/2012, Alibaba of China is reportedly mulling over the possibility of going private with their Hong Kong-listed unit, according to Reuters who got in touch with a couple of sources close to the e-commerce group. This is apparently part of a cog in the wheel that will consolidate founder Jack Ma’s control, while offering key stakeholder Yahoo cash as well as a direct stake in one of Alibaba’s operating businesses. Apparently, […]
12/02/2011, Alibaba has often been referred to as China’s answer to Google, and rightfully so. They are one of the country’s largest (if not the largest) search engine and have even services and products that mirror Google’s own, so it’s really not surprising that the company now has plans to launch a social network of their own called Laiwang.
10/25/2011, We did mention yesterday that Alibaba is working on a Chinese iPad – not an Apple iPad that will run on the Chinese language, but rather, the Chinese version of the iPad, or a tablet of iPad epicness if you want to put it in a nicer manner. Well, the China-based company is also preparing on their second generation Aliyun-powered handset known as the W800 – which will be powered […]
10/24/2011, Before you usher in the new year, Jack Ma, ‘The Steve Jobs of China’, has just confirmed that his company, Alibaba, will be rolling out a Chinese version of the iPad. It is not an iPad per se, but will instead rival one of Apple’s hottest selling devices, while running on a Linux-based operating system.
07/28/2011, With many considering Alibaba to be the Google of China and even launching their own mobile payment services, AliPay, we have to admit that seeing them launch their very own mobile operating system really did not come as big a shock as we would have imagined. Dubbed Aliyun OS, it will be launched on China’s K-Touch Cloud-Smart Phone W700 by the end of this month although no specifics were given […]
07/05/2011, For those who are unfamiliar with Alibaba, they have sometimes been called the Google of China, and they are fast gaining ground. As we all know, Google has recently joined up with Sprint in order to put out Google Wallet, which is Google’s NFC payment services, so it’s not really a surprise to see Alibaba follow suit with their own mobile wallet services – AliPay.
07/08/2010, Hot on the heels of the recent iPod touch rumor, two alleged iPod touch parts have appeared on Alibaba.com, listed as an “lcd with digitizer for iPod touch 4gen”. If the part is genuine, then it does indicate that the next generation iPod touch will sport a front-facing camera at the top of the device, which should confirm that it will support Apple’s FaceTime video chat. Considering that FaceTime relies […]