Alibaba
Alibaba will sell 500 million shares to investors at HK dollar176.
Alibaba eyes USD 12.9 bn Hong Kong IPO after setting price: reports
20 Nov 2019 10:45 AM

Asia's biggest company has called the listing a multi-billion-dollar vote of confidence in the city's markets.

All three sources declined to be identified because the information was not yet public.
Alibaba poised to launch record-breaking USD 13.4 bin Hong Kong share sale: sources
13 Nov 2019 4:43 PM

The deal would be the world’s biggest cross-border secondary listing - will be seen as a boost for Hong Kong.

According to Alibaba, the year-on-year GMV growth registered a 25.7 per cent rise, while the number of delivery orders stood at a massive 1.292 billion.
Alibaba's Singles' Day sales hit new record of USD 38 billion
12 Nov 2019 9:55 AM

The Alibaba Group's various shopping platforms' total GMV exceeded USD 10 billion in just 29:45 seconds.

Alibaba has said it expects over 500 million users to participate in the shopping festival this year, about 100 million more than last year.
Alibaba Singles' Day sales hit USD 23 billion in first nine hours
11 Nov 2019 9:39 AM

Alibaba netted sales worth USD 30 billion on its platforms on Singles’ Day last year, dwarfing the USD 7.9 billion.

More than 22,000 international brands from over 78 countries and regions will participate in this year's 11.11 on Tmall Global, Alibaba's dedicated channel for cross-border e-commerce.
Alibaba looks forward for record Singles' Day sales on November 11
10 Nov 2019 6:29 PM

India will celebrate 11.11 with the UC Shopping Festival in association with Paytm, VMate and 9Apps.

Jack Ma. (Photo: AP)
An era ends at Alibaba
11 Sep 2019 1:29 AM

Jack Ma co-founded Alibaba in 1999 that became one of the world's biggest internet firms.

Alibaba founder, Jack Ma. (Photo: AP)
Alibaba's Jack Ma steps down as industry faces uncertainty
10 Sep 2019 3:07 PM

Ma stepped down Tuesday as part of a succession announced a year earlier.

The company's planned foray in e-commerce space will not have an adverse impact on Paytm, in which Alibaba owns 30.15 per cent stake.
Alibaba's UCWeb plans foray into e-commerce in India this fiscal
09 Sep 2019 5:05 PM

UCWeb also have plans to start the sale of movie tickets online.

The company expects its Paytm Inbox service to accelerate the growth as it has garnered 27 million monthly active users and expects additional 60-70 million new customers to come on board by end of the current fiscal year.
Paytm to invest Rs 750 cr to reach 250 million monthly active users by March
16 Aug 2019 10:17 AM

Paytm currently has a monthly active user base of around 140 million.

MSME portal would provide a good opportunity to the MSME sector which contributes significantly in job generation and promoting growth of the country, said Gadkari. (Photo: File)
MSME portal to be launched soon: Gadkari
25 Jul 2019 2:38 PM

MSME Minister Nitin Gadkari said that it will generate a turnover of Rs 10 lakh crore in two years of its launch.


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