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Home»Tag: Alibaba

Tag Archives : Alibaba

Business

Reliance Capital Sells Stake In Paytm Parent To Alibaba

Loknath Das 08 Mar 2017 349 Views

   Mumbai: Reliance Capital Ltd has sold a less than 1 per cent stake in payments and e-commerce startup One97 Communications to Alibaba Group Holding for Rs. 275 crore ($41.25 million), a source with direct knowledge of deal said on Tuesday. The deal valued One97, which owns and operates India’s ... Read More »

Single’s Day: Alibaba rakes $1 billion under 5 minutes

Saheli 12 Nov 2016 305 Views

BEIJING: Alibaba Group Holding Ltd’s Singles’ Day sales surged past last year’s 91.2 billion yuan ($13.36 billion) total with nearly nine hours left on the clock, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts. Amid fanfare and celebrity razzmatazz, sales on Alibaba’s platforms ... Read More »

Alibaba is popping after reporting stronger than expected earnings
Business

Alibaba is popping after reporting stronger than expected earnings

Saheli 02 Nov 2016 308 Views

Alibaba Group, the massive Chinese online retailer, posted stronger than expected fiscal second quarter earnings on Wednesday morning and the stock is popping. The Chinese online retailer posted earnings of 5.26 Chinese yuan per share against analyst expectations of 4.69 Chinese yuan. Revenue came in at 34.3 billion yuan against the 33.9 ... Read More »

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