Alibaba Group

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What Trump Talked About With China's 2nd-Richest Man

Trump and Jack Ma had a 'great meeting'

(Newser) - Donald Trump met with Jack Ma, currently China's second-richest man , Monday, calling it a "great" discussion. Ma's e-commerce company Alibaba "claims it can create 1 million US jobs by helping small businesses sell their products to China and Asian consumers," the AP reports. Ma told... More »

This Is the World's Busiest Day for Online Shopping

'Singles Day' is huge in China

(Newser) - China's online shoppers are engaging in a rare bright spot for its cooling economy—a quirky holiday dubbed "Singles Day" that has grown into the world's busiest day for e-commerce. The country's biggest e-commerce brand, Alibaba Group, said Friday sales by the thousands of retailers on... More »

China E-Commerce Giant Alibaba Files for IPO

Could end up raising more money than Facebook's

(Newser) - China's Alibaba Group is aiming to raise $1 billion in a long-awaited IPO likely to have ripple effects across the Internet. Today's filing sets the stage for the technology industry's biggest initial public offering since Twitter and its early investors collected $1.8 billion in its stock... More »

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