Snapdeal raises $500-mn from Alibaba, Foxconn and others

Last Updated: Tuesday, August 18, 2015, 18:01

Online marketplace Snapdeal has raised USD 500 million (about Rs 3,269 crore) in a fresh round of funding from a clutch of investors led by Alibaba Group, Foxconn and SoftBank.

Jack Ma joins Alibaba's $4 billion shares buy-back

Last Updated: Monday, August 17, 2015, 23:08

Chinese e-commerce giant Alibaba's founder and chairman Jack Ma and vice chairman Joe Tsai today said they would use their own money to buy the company's shares as it began a two-year plan to buy-back shares worth USD 4 billion.

Jack Ma criticised for not helping Tianjin blast victims

Last Updated: Monday, August 17, 2015, 23:01

Jack Ma, one of China's richest men and the founder of e-commerce giant Aibaba, has come under immense pressure from netizens who criticised him for not donating money for the welfare of the victims of last week's Tianjin blasts that killed at least 114 people.

Alibaba and Ant Financial to invest $1 bn in mobile platform

Last Updated: Tuesday, June 23, 2015, 17:41

China's e-commerce giant Alibaba and a financial affiliate part-owned by its chairman Jack Ma will pour nearly USD 1 billion into a local services mobile platform to compete with rival Tencent.

Alibaba Group sells off US arm 11 Main

Last Updated: Tuesday, June 23, 2015, 17:24

China`s e-commerce titan Alibaba said Tuesday it is selling its US shopping subsidiary 11 Main only a year after launching it, having reportedly failed to gain traction in the market.

Help us fight fakes, Alibaba tells global brands

Last Updated: Monday, May 18, 2015, 17:06

When it comes to fighting fakes, Alibaba`s head of internet security says cooperation beats the courtroom any day.

Yahoo to shut China office, to lay off over 200 jobs: Report

Last Updated: Thursday, March 19, 2015, 13:46

Yahoo shut down its China email service in 2013. It was earlier embroiled in controversy when it handed authorities details of a Chinese journalist who was sentenced to 10 years in prison.