Alibaba

Food ordering and restaurant discovery platform Zomato Media Pvt. Ltd has raised US $200 million from Ant Small and Micro Financial Services Group, valuing the company at about US $1.1 billion.Ant Financial will hold around 18 percent stake in...

Bengaluru-based hyperlocal grocery delivery company bigbasket has raised a massive US $300 million Series E funding round led by Chinese conglomerate Alibaba, others.Alibaba contributed around 75 per cent (around US $225 million) of the total funding while existing investors...

Alibaba was established in 1999 as a business-to-business (B2B) portal connecting Chinese manufacturers to overseas buyers, essentially making it easy to do business anywhere.The group has since grown to become the largest e-commerce company in the world in terms...

Late last year, business reporters from across the world were invited to Shanghai -- China's largest city -- to witness the people of the most populous country in the world shop relentlessly for 24 hours.The Chinese e-commerce giant Alibaba,...

Chinese e-commerce major Alibaba has got approval of the Competition Commission of India (CCI) for investing in Indian online grocery platform, BigBasket. The move comes within a month of Alibaba seeking CCI's nod for the same. According to a CCI notice, Alibaba Singapore...

Jack Ma, the founder and executive chairman of Alibaba, urged WTO members to adopt easier and transparent rules for e-commerce so as to support small businesses and encourage them to succeed in the global marketplace. "E-commerce is future...it is the...

Future Group CEO Kishore Biyani said the much-believed burgeoning online retail sector in India has a threat from physical retail models like Big Bazaar and Easyday, owing to low business share and high cost of business of the former. According...

The already intense competition in the space is increasing, and the market is becoming crowded with luxury goods e-commerce sites. There is increasing product and brand overlap in the different online distribution channels, and competition from luxury brands’ own...

Chinese e-commerce major Alibaba has sought approval of the Competition Commission of India (CCI) for acquiring stake in online grocery platform, BigBasket. According to a PTI report: "The proposed combination relates to the acquisition and purchase of shares of Supermarket...

Chinese e-commerce giant Alibaba on Saturday announced the sale of about US $12 billion worth goods within two hours of launch of its 11.11 Global Shopping Festival. "Nearly US $11.9 billion worth of total Gross Merchandise Volume (GMV) (sales in...