Alibaba Group Holding Ltd., the Chinese Web company whose biggest shareholder is Yahoo! Inc., will invest 5 billion yuan ($733.5 million) in its auction unit, helping the subsidiary to continue offering free services.
The money will be invested over five years to add functions and services to Taobao’s Web site, which has about 80 million registered [...]
Chinese online auction and e-commerce website Taobao.com has recently announced its latest consumer protection plan, which includes blocking the search engines of Baidu, Google and Yahoo.
According to local media, Taobao.com completely blocked the search engine of Baidu and it also partly blocks that of Google and Yahoo. Taobao.com says that the blocks of search engines [...]
Lenovo Group Ltd, the fourth-largest PC manufacturer in the world, announced on Wednesday it will make the first customized e-commerce computer targeted at small and medium-sized enterprises (SMEs), in cooperation with Alibaba.com, China’s most well-known B2B e-commerce portal, and Intel Corp.
According to the announcement, the e-commerce computer is likely to be released as early as [...]
Retail in China has come a very long way in the last two decades, from a time when the state-owned Beijing No. 1 Department Store was the absolute pinnacle shopping experience in the country, to a day when every major brand and luxury marque in the world seems to have opened storefronts in Shanghai, Beijing, [...]
Alibaba, China’s most well-known B2B e-commerce portal, announced on Tuesday that it has formed a long-term strategic partnership with Infomedia, India’s largest yellow pages and special interest publishing company.
With the partnership, the two aimed to jointly boost their market shares in India’s B2B market through offering a one-stop solution for small and medium-sized Indian companies [...]
Alibaba.com Ltd., China’s biggest online commerce company, fell in Hong Kong trading on speculation that the withdrawal of Microsoft Corp.’s offer to buy Yahoo! Inc. may affect demand for Internet stocks.
Alibaba.com, whose parent company is 39 percent-owned by Yahoo, fell 4.7 percent to HK$15.44 as of 10:25 a.m. on Hong Kong’s stock exchange, the biggest [...]
