Groupon sold its Hong Kong business while Alibaba expands

Retailers are accelerating their expansion in online shopping in Hong Kong. Online shopping in Hong Kong and has now become a vital part of local consumers online purchasing habits, at least one purchase online is made in the last three… Continue Reading →

Alibaba launched HK$1b angel fund to support HK startups

Fund aims to help local entrepreneurs realize dreams and visions. Alibaba group launched its HK$1 billion Hong Kong Entrepreneurs Fund on 19 November officially. The not-for-profit startup is initiative to support young entrepreneurs and startup businesses in the city. Two major qualifications for… Continue Reading →

Alibaba’s subsidiary boosted its capital by shares placement

To expand media-related businesses, Alibaba Pictures Group raised HK$12.1 B on expansion in China’s film industry. Alibaba Pictures Group (1060.HK), the HK-listed film production unit and Alibaba Group‘s subsidiary, became the latest mainland company to secure funds through a share placement in HK, raising… Continue Reading →

Expansion of China’s Alibaba Group into HK online health-care industry

Alibaba Group Holding, the mainland e-commerce firm, is injecting its Tmall online pharmacy operation into Hong Kong-listed Alibaba Health This move will help Alibaba Group Holding to consolidate its health-care enterprise and ride a boom in online health-related business. This… Continue Reading →

Chinese making “Singles Day” sales record

Celebrated on November 11 (11/11) chosen for the connection between singles and 4 of the number ‘1’, “Singles’ Day” is a day popular among Chinese young people who are single and has become the largest online shopping day in the… Continue Reading →

Wait and watch on Alibaba euphoria

Alibaba is valued at 39 times its estimated earnings per share for its current fiscal year, which ends in March. That is right in line with Facebook’s valuation of 39 times forward earnings but nowhere near the lofty valuation of… Continue Reading →

How “Hongkonger” can buy into Alibaba IPO in NYSE?

Alibaba passed on holding its initial public offering (IPO) in Hong Kong and picked US finally. Market forecasts that Alibaba will price the shares at the midpoint of US$60 and US$66, it would give a market capitalisation of US$155 billion,… Continue Reading →

All eyes on record debut by Alibaba in US

Alibaba’s sale could exceed Visa Inc.’s US$19.7 billion IPO in 2008, the biggest U.S. initial offering to date. Including an overallotment option, Alibaba could raise as much as $24.3 billion, surpassing the existing global record held by Agricultural Bank of… Continue Reading →

Alibaba New York IPO set for next week

IPO of Alibaba, which will be listed on the New York Stock Exchange under the symbol BABA, is planned for week of Sept. 8th, properly the same week that Apple is expected to launch the blockbuster iPhone 6. Chinese e-commerce… Continue Reading →

Alibaba US IPO venue still unsettled but partners’ name unveiled

Its first revision to its IPO prospectus showed sales in the quarter through March increased 39% as merchants allocated less of their marketing budgets to Alibaba’s platforms during the period. That compares with a growth rate of 71% for same… Continue Reading →

China’s Alibaba debuts US online shop

Ahead Of its IPO in US which has been widely heard around the market unofficially to be launched on on 8-Aug-2014, and after it left Hong Kong and Singapore markets because of failure to accept the group’s unique partnership structure… Continue Reading →

Tech giants Tencent (0700) and Alibaba join bank business in China

Chinese regulators approved a trial program to establish five privately owned banks as the government seeks to ease restrictions on the state-controlled banking industry. Source: The Standard Finance Tencent (0700) and Alibaba are among the 10 enterprises that will take… Continue Reading →

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