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Alibaba Group Holding Ltd (NYSE:BABA) Holds Top Slot In The Cloud Services Market In China With A Share of 40.1%

The demand for cloud services in China is second to the US in the world. Alibaba Group Holding Ltd (NYSE:BABA) holds a market share of 40.1% in the cloud services market in China and occupies the top slot. Given the government stimulus measures and growing demand for cloud services amid the ongoing coronavirus crises, the […]

After TikTok, Alibaba Group Holding Ltd (NYSE:BABA) May Be The Next Target In U.S-China Trade War

Trump’s crackdown on Chinese tech companies does not seem to slow down any time soon after the US president gave the latest indication of extending the crackdown to Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA). In the latest escalation of conflicts between the world’s two superpowers, the US has been aiming at Chinese tech […]

Alibaba Group Holding Ltd (NYSE:BABA) Handled The COVID-19 Crisis Better Than Amazon.com Inc. (NASDAQ:AMZN)

E-commerce giants Alibaba Group Holding Ltd (NYSE:BABA), Amazon.com Inc. (NASDAQ:AMZN), and JD.Com Inc. (NASDAQ:JD) have been on the spotlight regarding on how they have handled the COVID-19 crisis with some handling it better than others. Amazon drawing criticism on the handling of COVID-19 situation Although these e-commerce giants are different, all of them have nevertheless […]

CFO of PayPal Holdings Inc (NASDAQ:PYPL) Says Merchants Stay Away from Cryptocurrency Due to High Volatility

John Rainey, Chief Financial Officer of PayPal Holdings Inc (NASDAQ:PYPL) said the merchants are distancing away from digital currency because of price volatility. PayPal is a leader in accepting cryptocurrencies. The merchants also could accept the digital currency Bitcoin (BTC) since 2014 on the platform when the bitcoin was around $400. According to PayPal, merchants […]

Softbank Corp. (Japan)(OTCMKTS:SFTBY) New Travel Firm Targets Chinese Tourists To Japan

Softbank Corp. (Japan) (OTCMKTS:SFTBY) finished the last trading session with a gain of 1.18% but the close proximity of the final closing price $27.8050 with the day open $27.82 reflected the indecision on the part of the investors. The daily candle took the form of a Doji, indicating the indecisive state at this point of […]

Baidu Inc. (ADR) (NASDAQ:BIDU) Moves Into Service Industry Despite Investor Concerns

Baidu Inc.’s (ADR) (NASDAQ:BIDU) Robin Li wants to diversify the services offered by the top search engine in China; these include helping people to book a doctor’s appointment or get their laundry delivered. Li believes that the future lies in services connecting people to entrepreneurs and businesses in the real world. He is investing billions […]

Alibaba Group Holding Ltd (NYSE:BABA) ’s New Pasadena Hub Indicates LA As Emerging Gateway to China

Alibaba Group Holding Ltd (NYSE:BABA) ‘s leasing of a 22,000 square foot office space in Pasadena’s new Playhouse Plaza indicates the expansion of cross-border China and southern Californian business connections. Technology, entrepreneurship, venture investment and close by innovation hubs are endeavoring to make startups more pivotal to the city’s economic foundation. Just 15 years back, […]

Alibaba Group Holding Ltd (NYSE:BABA) And FOXCONN TECHNOLOGY (OTCMKTS:FXCOF) Preparing For A $500 Million Joint Venture In India’s Snapdeal

Chinese e-commerce firm Alibaba Group Holding Ltd (NYSE:BABA) is in talks with FOXCONN TECHNOLOGY (OTCMKTS:FXCOF) to start a joint investment worth $500 million in Snapdeal.com from India. Sources revealed that Snapdeal could be valued at $5 billion once the deal takes root. Snapdeal brings merchants and buyers together where they can trade a wide range […]

Alibaba Group Holding Ltd (NYSE:BABA) All Set To Launch China’s version of Netflix, Inc. (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) wants a significant slice of the big Chinese market of 1.36 billion people for itself. However Alibaba Group Holding Ltd (NYSE:BABA) may well be a formidable competitor. Alibaba, a huge Web firm famous for its e-commerce business has acknowledged recently that it is poised to introduce a service akin to Netflix in […]

Online Sales Prospects In China For American Businesses

Jack Ma, the CEO of Alibaba Group Holding Ltd (NYSE:BABA) visited the United States this week to promote the participation of American businesses in his e-commerce firm. His visit is part of the company’s expansion strategy outside China. Mr. Ma revealed that Alibaba wants to partner with American businesses and companies to bring their products […]

Yahoo! Inc. (NASDAQ:YHOO) Responds To Share Decline, Claims Its Alibaba Stock Spin-Off Plans Still In Place

Yahoo! Inc. (NASDAQ:YHOO) released a statement to fight fears and claims that its decision to spin out the shares it holds in Alibaba Group Holding Ltd (NYSE:BABA) might be in trouble. Yahoo maintained that the plans are still in place, and nothing has changed regarding the decision. At the beginning of the year, the company […]

Alibaba Group Holding Ltd (NYSE:BABA) Boss Defends Firm, Expresses Regret Over Suit

On Tuesday, Jack Ma defended Alibaba Group Holding Ltd (NYSE:BABA) against counterfeit goods allegations from KERING UNSP ADR (OTCMKTS:PPRUY). Jack Ma conveyed his disappointment with the lawsuit that was filed by the luxury products manufacturer. Kering is one of the most lucrative consumer goods company, and it owns major Designs such as Yvet Saint Laurent […]

Alibaba Group Holding Ltd (NYSE:BABA) Launches New Technology In Its Fight Against Fake Goods

Alibaba Group Holding Ltd (NYSE:BABA) has launched a technology aimed at detecting fakes. This comes amid pressure on the firm over the presence of fake goods on its websites. The Chinese company introduced new difficult to copy symbols resembling QR codes, which will form part of product labels to enforce authenticity. The technology is already […]

Alibaba Group Holding Ltd (NYSE:BABA) Sued By Luxury Brands Over The Issue Of Counterfeit Goods

The owner of many of the world’s most famous luxury brands has sued Alibaba Group Holding Ltd (NYSE:BABA) even as the Chinese e-commerce company asserts that it is battling the sale of counterfeit goods on its platforms. The lawsuit filed in a New York federal court is on behalf of Gucci, Yves Saint Laurent and […]

Alibaba Group Holding Ltd (NYSE:BABA) Brings Basketball Games To Its Online Platform For China

Alibaba Group Holding Ltd (NYSE:BABA) and Pac-12 have entered a collaboration to bring the basketball games to China. The basketball season would start in China from November 14 when Mercedes-Benz Arena in Shanghai plays host to the University of Washington Huskies versus the University of Texas Longhorns match. The other matches have yet to get […]

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