Investors welcomed Yahoo's plans to sell fewer shares when Alibaba goes public.
Alibaba Group
China-based Alibaba said it understood the importance of big data in driving its e-commerce business.
Private company intelligence firm PrivCo predicted that Alibaba's valuation would be at USD110 billion should the company go public.
Alibaba planned to transform with the Chinese retail industry by increasing online transactions to almost USD 490 billion.
The Alibaba Group led the Series C round for Quixey, of which its latest funding round raised USD 50 million in capital commitments.
Chinese e-commerce giant Alibaba Group recently acquired similar Dropbox service Kanbox for an undisclosed amount.
Pre-installation of Alibaba apps on China Telecom mobile phones part of strategic agreement- sources
Sources told Reuters that Alibaba's apps could be pre-installed on the mobile phones of China Telecom as part of the strategic agreement of both companies.
Alibaba bought stake in online shopping firm ShopRunner for USD75 million as it prepares for its initial public offering in Hong Kong.
China's sovereign wealth fund, CIC, is reported to be in talks with Alibaba Group.
Chinese Securities Regulatory Commission allowed Alibaba to expand its capital for the online loan enterprise.
Ernst & Young LLP estimated a HK$100 billion proceeds if Alibaba Group Holding Ltd pushes through with an initial public offering in Hong Kong this year.
News and developments in Asia private equity from Reuters News for the week ending May 25.
Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group.
Subscribe to VCpost newsletter
Most Popular
- Innocent Female Uber Driver, 61, Shot Dead by 81-Year-Old Ohio Man Who Was Targeted by Scammers
- Social Security Benefits: 2025 COLA Predicted to Increase Amid Rising Inflation
- 940,000 Taxpayers May Receive Extra $932 Tax Refunds From IRS; Here's Why!
- Google Starts Removing Links to California News Websites in Response to Journalism Preservation Act
- Customers Rush into 99 Cents Only Stores in California Ahead of Closures
- Spirit Airlines Staff at Florida Airport Filmed Cursing a 'Karen' Passenger After Moaning About Her Flight
- Joe Biden Administration Touts Over 17 Million New Business Applications as More Americans Dream of Being Their Own Boss
- Donald Trump Urges His Followers to Support Truth Social as Its Parent Company’s Stock Continues to Dive