Alibaba Group Holdings

Alibaba Group founder Jack Ma invests CNY3.3 billion in financial software firm

Jack Ma, Alibaba Group Holdings founder, invested CNY3.3 billion in Hundsun Technologies Inc. for a controlling stake in the company, reported Reuters.

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Alibaba Group Holding agrees on majority stake purchase of ChinaVision Media Group in $804M deal

Alibaba Group Holding will be buying a majority stake in ChinaVision Media Group Ltd in an $804 million deal, allowing it to access TV and movie content, Reuters reported.

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Tencent Holdings Ltd agrees to acquire 15pct stake in retailer for $214.7M

Tencent Holdings will be acquiring a 15% stake in in a $214.7 million deal to provide a stronger platform that will rival Alibaba Group Holdings in the space, Bloomberg reported.

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Alibaba-backed UCWeb Inc plans on acquisitions to challenge competition

UCWeb Inc, a company backed by Alibaba Group Holdings, is looking at acquisitions to add more programmers and platforms so it can better compete with its rivals, Bloomberg reported.

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