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Alibaba Group

Hangzhou-based group of Internet-based e-commerce businesses

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Alibaba Group: Hangzhou-based group of Internet-based e-commerce businesses
Alibaba Group Holding Limited is a Chinese multinational conglomerate holding company specializing in e-commerce, retail, Internet, and technology. Founded on 4 April 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via web portals, as well as electronic payment services, shopping search engines and cloud computing services. It owns and operates a diverse array of businesses around the world in numerous sectors, and is named as one of the world's most admired companies by Fortune.


China seeks help of national tech giants to track coronavirus with QR codes

China's government is enlisting the help of Alibaba Group Holding Ltd and Tencent Holdings Ltd to expand color-based systems for tracking individuals affected with the coronavirus nationwide.
Reuters - Published

Alibaba warns of drop in e-commerce revenues due to coronavirus

Alibaba Group Holding Ltd warned of a drop in revenues at its key e-commerce businesses this quarter as the coronavirus sweeping China hits supply chains and deliveries.
Reuters - Published

Videos for Alibaba Group

Alibaba beats forecasts after record Singles' Day [Video]Alibaba beats forecasts after record Singles' Day

Alibaba again beat forecasts thanks to record sales at its annual Singles' Day shopping extravaganza. Julian Satterthwaite reports.

Credit: Reuters Studio     Duration: 00:58Published


Alibaba beats estimates on record Singles' Day sales

China's Alibaba Group Holding Ltd beat analysts' estimates for quarterly results on Thursday, driven by record sales during its annual Singles' Day shopping blitz and demand for its cloud computing..
Reuters - Published

Alibaba offers $2.86 billion in loans to firms hit by coronavirus outbreak

Alibaba Group Holdings said on Monday its affiliate Ant Financial's WeBank unit would offer 20 billion yuan ($2.86 billion) in loans to companies in China in light of the coronavirus outbreak, with..
Reuters - Published

In bid to curb virus, China firms tell staff to work from home even after holidays end

Chinese corporate giants including Alibaba Group Holding and Tencent Holdings Ltd said they have asked staff to work from home for one week after an extended Lunar New Year break ends, seeking to limit..
Reuters - Published

Alibaba's Taobao takes down overpriced face masks on its marketplace

Alibaba's Taobao marketplace said on Sunday that it has removed sales of face masks from shops that show "unstable prices or false advertising", as prices for the products surged as Chinese consumers..
Reuters - Published

Virus outbreak prompts Chinese travel firms to offer free cancellations

Chinese travel booking platforms from Trip.com to Alibaba Group's Fliggy said on Tuesday they would offer free cancellations on bookings made for Wuhan amid mounting fears over a viral outbreak in the..
Reuters - Published

Alibaba undercuts Amazon in Europe to woo wary brands

After years of reconnaissance, China's retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers' fees to attract vendors but has had mixed results, six sources with..
Reuters - Published

Global financial watchdogs take aim at Big Tech's data dominance

Google, Alibaba and other "Big Tech" companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition.
Reuters - Published

SoftBank's Son sticks with gut-led investing in chat with Alibaba's Ma

Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group..
Reuters - Published

Saudi Aramco raises $25.6bn in world's biggest share sale

The oil giant's listing is the biggest ever, surpassing that of China's Alibaba in 2014.
BBC News - Published

Timeline: Saudi Aramco's winding road to an IPO

State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion..
Reuters - Published

FACTBOX: Saudi Aramco: the oil colossus

State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion..
Reuters - Published

Saudi Aramco says IPO priced at top to make it world's biggest IPO

State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, the company said on Thursday, making it the world's biggest flotation, above..
Reuters - Published

Factbox: From Madison Square Garden to Alibaba, Silver Lake's $43 billion empire

U.S. private equity firm Silver Lake has bought a 10% stake in Manchester City's Abu Dhabi-controlled owner, adding to its $43 billion worth of investments which include the world's best-known sports..
Reuters - Published

Asian stocks cheer warming trade talks, Alibaba's strong Hong Kong debut

Asian stocks rose on Tuesday, bolstered by new momentum in Sino-U.S. efforts to end their acrimonious trade dispute and as Chinese e-commerce giant Alibaba made a strong Hong Kong debut in the world's..
Reuters - Published

Alibaba shares jump in blockbuster Hong Kong debut

The Chinese e-commerce giant has begun trading in Asia after completing this year's biggest share sale.
BBC News - Published

Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks

A late-year rush of giant global share sales led by Alibaba's $13 billion Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities..
Reuters - Published

Alibaba to pay banks up to $32.3 million in fees for Hong Kong listing

Alibaba will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities..
Reuters - Published

Alibaba to price shares at HK$176 in landmark $12.9 billion HK listing: sources

Chinese e-commerce giant Alibaba Group will raise up to $12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8% discount to their New York close, sources with direct..
Reuters - Published

Alibaba to exercise full retail tranche in Hong Kong listing: sources

Alibaba has exercised its full retail tranche, from 2.5% to 10%, in its Hong Kong secondary listing, thanks to oversubscription, three sources with direct knowledge of the matter told Reuters.
Reuters - Published

Alibaba gets strong demand for $13.4 billion Hong Kong listing: sources

Alibaba's order books for its $13.4 billion Hong Kong share sale have already been covered "multiple times," sources with direct knowledge of the matter said on Friday, as the ecommerce group kicked..
Reuters - Published

Hong Kong's cash pool tightens as Alibaba primes for $13 billion listing

Alibaba Group's $13.4 billion Hong Kong listing is shrinking cash levels in the protest-wracked financial hub, with short-term borrowing costs shooting back towards a decade-high marked in July.
Reuters - Published

Explainer: Why is Alibaba listing in Hong Kong?

Chinese e-commerce giant Alibaba is set to price its first share sale in Hong Kong next week, raising up to $13.4 billion in what will be the largest deal in the city since 2010 and the world's biggest..
Reuters - Published

Alibaba to pioneer paperless listing in break with Hong Kong norm

Alibaba's planned $13.4 billion share sale will be Hong Kong's first paperless stock market listing, a source with knowledge of the matter said, breaking with a long-held tradition of investors placing..
Reuters - Published

Alibaba launches $13.4 billion Hong Kong listing to fund expansion

Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing on Wednesday, braving unrest in the global financial hub to try to raise up to $13.4 billion to fund its..
Reuters - Published

Alibaba to spend more on travel, entertainment after $13.4 billion listing

Chinese e-commerce giant Alibaba Group plans to ramp up investment in its online entertainment, content and travel platforms with the proceeds from a planned $13.4 billion Hong Kong listing.
Reuters - Published

Alibaba poised to launch record-breaking $13.4 billion Hong Kong share sale: sources

Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to $13.4 billion as soon as Thursday, according to two sources with knowledge of the discussions.
Reuters - Published

Alibaba's Singles' Day sales hit record $38 billion; growth slows

Chinese retailer Alibaba Group Holding Ltd's sales for its 24-hour Singles' Day shopping blitz hit a record $38.4 billion, more than U.S. rival Amazon.com Inc's haul last quarter from online store..
Reuters - Published

Police shooting rattles Hong Kong markets, investors count on Alibaba listing

Hong Kong's share index lost almost 3% as unrest in the Asian financial hub worsened on Monday, with police firing live rounds at anti-government protesters on the eastern side of island and firing..
Reuters - Published

Factbox: China's love of e-commerce powers Alibaba's Singles' Day

China's dominant e-commerce firm Alibaba Group Holding Ltd raked in $23 billion worth of sales in the first nine hours of its annual Singles' Day shopping extravaganza on Monday, setting records as the..
Reuters - Published

Alibaba Singles' Day sales jump 25% in first 9 hours to $23 billion

Chinese retailer Alibaba on Monday said sales for its annual Singles' Day shopping blitz jumped 25% in the first nine hours to $23 billion, nearly two thirds of U.S. rival Amazon.com Inc's online store..
Reuters - Published

Alibaba sees strong sales as Singles' Day kicks off

The world's biggest online shopping day delivered sales of around $14bn in the first hour of trading.
BBC News - Published

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