Alibaba Group has completed acquisition of South China Morning Post. To put a footstep with revealing the acquisition, readers have got free access to the once subscribed online newspaper. The move allows the 113-year-old newspaper to approach towards becoming a global leader in news arena.
Ma is going to expand his control in media arena through acquiring stake in Caixin Media. However, the media company has confirmed that the potential investors primarily agreed not to interfere in Caixin’s editorial interest. Details of the possible deal hasn’t been available from either party.
The technology start-ups in India are looking for investments from Chinese companies like Cheetah Mobile. The booming Indian technology sector is attracting many tech companies in China to invest in these Indian techs start-up firms.
Reorient Group Ltd. has reportedly formed a $3 billion yuan ($457 million) joint venture with partners. The Shanghai based proposed Joint Venture (JV) firm, Yunfeng Securities Co., will have a registered capital of 1 billion yuan. The JV entity will go operative subject to receipt of approval from China Securities Regulatory Commission.
Alibaba Ventures into the Print Media Business Buying The South China Morning Post For Around $262 million
The SCMP Group finally closed the deal with Alibaba at a whopping US$262 million approximately. After many rounds of rumors, the Chinese company has announced that Alibaba has agreed to venture into the news business acquiring The South China Morning Post. This Hongkong based newspaper and the other assets of the SCMP Group including the Elle and Esquire sister concern publications and websites will cost Alibaba a big sum of more than $2 million.
Alibaba founder Jack Ma is planning to venture into the publishing sector as news circulated that the e-commerce tycoon will be buying some stake in Hong Kong's South China Morning Post.
Chinese e-commerce major Alibaba Group is planning to make yet another investment plan for the media segment. The Chinese media reports reveal that Alibaba may acquire SCMP Group, which runs China Daily.
Many brands are emerging around the globe with prices almost touching the sky. It is a well-known fact that majority of the population goes for sales day to get hold of their favorite products primarily from their favorite brands. The trend of online shopping is immensely popular and if a sale is announced online for 24 hours, with 90% of the prominent brands participating, it will turn the day into a momentous shopping spree gala.
More than 40% of goods sold on the Internet in China are fakes or shoddy, according to a report by an official of the standing committee of the National People's Congress, the country's top law-making body.
Cisco Systems, Inc. (CSCO), Alibaba Group Holding Ltd (BABA), Macy's Inc. (M) and News Corporation (NWS) will announce the companies' quarterly financial results on Wednesday.
China's Ant Financial Services Group, e-commerce giant Alibaba Group Holding Ltd's (BABA.N) internet finance affiliate, closed a private placement valuing the unit at about $45 billion, a person familiar with the matter said Thursday.
Chinese e-commerce company Alibaba Group Holding Ltd is aiming to more than double its transaction volumes to more than $1 trillion in five years, Executive Chairman Jack Ma told a conference in Chicago on Wednesday.
Alibaba Group Holding (BABA.N) is in talks with India's Micromax Informatics (IPO-MINF.NS) to buy an about 20 percent stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world's fastest growing markets for the devices, several people with direct knowledge of the matter said.
When Alibaba Group Holding Ltd's (BABA.N) eccentric founder Jack Ma stepped down as CEO two years ago, he declared "the Internet belongs to young people," and promised that most of the company's leaders born in the 1960s would soon retreat from management.
Alibaba Group Holding Ltd's underwhelming holiday quarter performance and an escalating war of words with a powerful Chinese industry regulator highlight two major risks to its seemingly fairy-tale ascent: politics and the shift to mobile commerce.
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