Alibaba

15 Stories

Walmart Is No Longer World's Largest Retailer

The new king: Alibaba

(Newser) - Walmart is no longer king of the retail castle. Alibaba says it surpassed Walmart's $482.1 billion in annual gross merchandise volume during its last fiscal year. Alibaba has yet to reveal its figures but says it reached about $476 billion 10 days before its fiscal year ended on... More »

Yahoo Dumps Plan to Sell Alibaba

Board moves instead to sell off core businesses

(Newser) - In something of an abrupt about-face, Yahoo is scrapping its original plan to spin off its prized stake in China's Alibaba Group and will instead break off the rest of its business into a new company. The change of heart announced Wednesday comes after Yahoo's board met last... More »

Yahoo May Sell Off What You Think of as Yahoo

'Wall Street Journal' reports board is considering 'core business' sale

(Newser) - Yahoo's board will meet later this week to discuss selling the company lock, stock, and Alibaba, sources tell the Wall Street Journal . The sources say that board members are worried about CEO Marissa Mayer's slow progress in turning the company around and are considering selling off Yahoo's... More »

Kevin Spacey Helps Alibaba Score $1B in 8 Minutes

Daniel Craig (aka James Bond) helped Alibaba out, too

(Newser) - Every Nov. 11, the Chinese celebrate Singles Day, an homage to the uncoupled—the 11/11 date is "reminiscent of 'bare branches,' the Chinese expression for bachelors and spinsters," notes Bloomberg . But Alibaba has something even bigger to raise a glass to: the fact that it smashed... More »

Alibaba Founder Says Being Filthy Rich Is a 'Great Pain'

Jack Ma says he's 'not happy,' that spending money is harder than it seems

(Newser) - Jack Ma feels your pain—that is, if you regularly experience the pain of being extremely, insanely rich and have to endure spending all your money all the time. The Alibaba founder spoke yesterday to CNBC from Alibaba headquarters in Hangzhou, China, telling David Faber that being China's richest... More »

Investors Love Alibaba: It Passes Facebook's Market Value

It opens 35% higher than IPO price

(Newser) - Alibaba's long-awaited debut on the New York Stock Exchange hasn't disappointed. The Chinese e-commerce behemoth opened at $92.70 per share, about 35% above its IPO price of $68, reports USA Today . The frenzied demand pushed the company's market value to $228.5 billion, ahead of even... More »

Biggest IPO Ever: Chinese Dynamo Alibaba Sets Price

At $68 per share, e-commerce giant will raise at least $22B

(Newser) - Alibaba, the Chinese e-commerce powerhouse , is ready to strike it rich on the New York Stock Exchange. The company priced its initial public offering of stock at $68 per share today, the top end of the expected range, setting the stage for what is expected to be the biggest ever... More »

Behind Alibaba: An English Teacher Who Can't Code

Jack Ma built a titan, and that titan only kinda trusts him

(Newser) - Jack Ma did not code Alibaba in his college dorm room. Indeed, Ma can't code a lick, and claims he doesn't understand technology. Yet the 49-year-old former English teacher is the force behind an e-commerce giant that accounts for 60% of all packages shipped through China's postal... More »

Yahoo, Alibaba End Years of Bickering With $7B Deal

Yahoo will sell back up to half its 40% stake in Chinese company

(Newser) - It's a resolution for what All Things Digital's Kara Swisher calls "perhaps the longest running global cat fight in Internet history": In a $7.1 billion deal, Yahoo is selling back up to half its 40% stake in China's Alibaba , the Wall Street Journal reports. For... More »

Yahoo to Unload Asian Assets?

$17B deal seen as way to revamp US business

(Newser) - Yahoo is considering selling off its Asian assets—the most valuable part of its business by far—to raise cash and breathe new life into its declining US operations. The company is considering unloading most of its stake in China's Alibaba and all of its stake in Yahoo Japan... More »

Yahoo Founder Looking to Take Company Private

Delisting could buy space for former online leader

(Newser) - Yahoo co-founder Jerry Yang is warming to a deal with private equity investors that would take the iconic Internet player private, reports Reuters . Among the rumored buyers—Chinese online giant Alibaba, Microsoft, and Bain Capital. Experts say going private could solve pressures coming from the market, where investors have punished... More »

AOL Weighing Yahoo Takeover

Private equity in talks to engineer 'reverse merger'

(Newser) - Takeover rumors are swirling around Yahoo again. AOL is in talks with several private equity firms over a possible "reverse merger" between the two Internet giants that would see AOL chief Tim Armstrong heading up the combined company, insiders tell the Wall Street Journal . One scenario being considered is... More »

In Q1, Yahoo Beats Estimates

Positive numbers may translate into leverage against Microsoft

(Newser) - Yahoo posted an increase in net income and reported sales that beat estimates in the first quarter, the company reported today. The jump in profit to $542.2 million translates to 37 cents per share, up from 10 cents a share a year ago—a number reflecting a onetime $401... More »

Alibaba Nearly Triples Price After IPO

Chinese B2B site is largest e-commerce offering since Google

(Newser) - Chinese business-to-business platform Alibaba held its IPO on the Hong Kong stock market today, nearly tripling in share price in first-day trading. The company raised $1.5 billion (US) by selling just 17% of its shares. "I think Alibaba's share price is way ahead of its fundamentals; I think... More »

Web Biz Alibaba Launching Record IPO in China

Operation links buyers to Chinese manufacturers

(Newser) - Alibaba, the business-to-business service that links small and mid-sized Chinese manufacturers to customers around the world, is expected today to announce what will likely be the biggest Internet IPO  in Chinese history. Analysts expect the world's most-visited import/export site to pull in an estimated $1.3 billion from Hong Kong... More »

15 Stories

AROUND THE WEB