China Cashing Out As Mobile Payment Soars
Yang Qianqian holds out her smartphone to scan a barcode on the mobile of a vendor selling fresh fruit and vegetables at a bustling outdoor market in Beijing. The dance student is part of an...
Tag: E-commerce giant
China Boxing Star Zou Primed For Biggest Battle Yet
He is a two-time Olympic gold medallist and reigning world champion, but Chinese boxing star Zou Shiming is eyeing an even greater prize: making the sport big in his homeland. The 36-year-old defends...
Amazon Buys Whole Foods Market At Whooping US$13.7 Billion
Amazon announced Friday that it will acquire Whole Foods Market, a grocery store chain, for 42 U. S. dollars per share, in an all-cash deal valued approximately at 13.7 billion U.S. dollars....
Alibaba Quarterly Profits Almost Double To $1.55 Bn
Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping. Alibaba, which has made billionaire founder Jack...
Who Will Lady Luck Favour At Rugby World Cup Draw?
Rugby's leading nations will be hoping for a big slice of luck at Wednesday's 2019 World Cup draw, where seedings stacked with dangerous teams could throw up more than one 'Pool of Death'. More than...
Rugby Can Rival Football In China, Says Chief
Rugby can grow from a niche sport to be as big as football in China and eventually rival the cash-rich Chinese Super League in popularity, the head of the sport in the world's most populous nation...
Snap To Price Long-Awaited IPO On Wednesday Amid Signs of Brisk Demand
Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U. S. stock market closes on Wednesday in the most eagerly awaited technology IPO since Chinese...
Streaming Industry In Historic Win At Oscars
In a first for the streaming industry, Amazon Studios and Netflix walked away with Oscars, underlining their emergence as major players in the entertainment business. Amazon won two Oscars Sunday for...
Amazon, Netflix Grab A Share of Oscar Glory
Silicon Valley crashed Hollywood's biggest awards show on Sunday as Amazon.com Inc (AMZN. O) and Netflix Inc (NFLX.O) collected the first Academy Awards for streaming services while independent...
Alibaba Group Expands Presence In Australia, New Zealand
A logo of Alibaba Group is pictured at its headquarters in Hangzhou, China. Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its...
Alibaba’s Ant Financial Buys MoneyGram For $880m
Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m).MoneyGram has about 350,000 outlets in nearly 200 countries. Ant Financial has...
Alibaba’s Ant Financial Buys MoneyGram For $880m
Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m). MoneyGram has about 350,000 outlets in nearly 200 countries. Ant Financial has...
Exclusive: Alibaba, Part of Planned Taiwan Fund, Won’t Seek Board Seats At Local Firms
Alibaba Group Holding, which is awaiting regulatory approval for a $45 million fund it is participating in, has promised the Taiwanese government it will not take board seats at local firms the fund...
Alibaba’s Ma Meets Trump, Promises To Bring One Million Jobs To U.S.
Alibaba Executive Chairman Jack Ma met U. S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce giant's new plan to bring one million small U.S. businesses onto its platform...
Snapchat ‘files For Stock Market Float’
Snap, the parent company of messaging app Snapchat, has filed to list on the US stock market, according to several reports. Based on investments so far, the California-based firm would be worth...
Singles’ Day Data Shows Online Shoppers Prefer Mobile To Computers
More Chinese are using mobile devices to shop online than ever before, with more choosing to shop from their handsets than their computers during Friday's Singles' Day shopping event. Chinese...
Singles’ Day Sales Break Records, Again
Jack Ma, president of the nation’s e-commerce giant Alibaba speaks in front of a giant screen displaying total gross merchandise volume (GMV) of Alibaba’s online marketplace Tmall for Singles’...
Alibaba Breaks Record Sales Total
E-commerce giant Alibaba has beaten its sales record for its annual Singles Day event. About 20 hours into the event, Alibaba sales had reached 103bn yuan ($15bn; £12bn), easily topping the previous...
Singles’ Day Sales Shopping Festival Hits 10 Billion Yuan
An electronic screen shows sales on Alibaba’s retail platforms hit 10 billion yuan (US$1.5 billion) at a gala staged by Alibaba for the Singles’ Day shopping festival in Shenzhen. Within...
Alibaba Closes In On Record Sales
E-commerce giant Alibaba looks set to smash the sales record for its annual Singles Day event. About 12 hours into the event, sales had reached 82.4bn yuan ($12.1bn; £10bn), the firm said. Last...