Alibaba.com

CEO of Alibaba.com was fired for fraudulent activity on the platform

February 21, 2011 - 6:59am | Fraud | News

Chief Executive David Wei leaves Alibaba.com Ltd along with Chief Operating Officer Elvis Lee on the grounds of being responsible for fraudulent activity by users of one of the company's platforms. The decision comes into effect immediately.

Alibaba.com | David Wei | ecommerce | online fraud | Taobao

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Yahoo! sells its stocks at Alibaba.com for $150 million

September 15, 2009 - 2:02am | News | Other themes

As it became known Monday, Yahoo bids 1.14% of its stake in Chinese Internet marketplace Alibaba.com, almost two years after the company went public, for about $150 million.

Yahoo is thus selling 57.48 million shares of Alibaba.com at HK$19.80-20.30 each. The price range represents a 4% to 6.4% discount to the stock's closing price of HK$21.15 Monday.

Alibaba.com | China | Internet market place | sell | Yahoo

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Alibaba.com expands to India

August 4, 2009 - 8:26am | News | Other themes

David Wei, CEO at Alibaba, said on Monday that Alibaba.com Ltd. is weighing to create a joint venture in India to provide business-to-business e-commerce services. The new company will be similar to the joint venture Alibaba.com set up with Japanese mobile-phone and Internet company Softbank Corp. The Japanese joint venture caters to local small and midsize businesses.

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Alibaba.com in EMEA brand push

July 3, 2009 - 4:00pm | Ecommerce-checked | News

E-commerce company Alibaba.com has appointed Truly London to spearhead a major campaign across Europe, the Middle East and Africa in a bid to boost its brand awareness. Truly was appointed following a three-way pitch with other undisclosed agencies. It forms part of Alibaba.com’s $30m (£18.3m) year-long global marketing investment.

Alibaba.com | brand campaign | e-commerce | EMEA | Truly London

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HSBC and Citi will help Alibaba to expand Alipay online payment services

June 19, 2009 - 11:27am | News | Payment systems

Chinese ecommerce giant Alibaba.com Ltd. announced its plans to partner with HSBC Holdings plc and Citibank A.S. in expanding its online payment service Alipay on an international level, says the B2Bmarket blog.

"The company will allow account holders of the two global lenders to pay and transfer funds online via Alipay platform. It is also reported earlier that the Hangzhou-based company plans to cooperate with MasterCard Incorporated and Visa Inc to launch an internationalized Alipay settlement platform."

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Alibaba.com needs more employees

March 26, 2009 - 7:54am | News | Other themes

Alibaba.com Limited’s vice president for global sales Zhang Ziheng has revealed the company was planning to triple the number of its employees in its Taiwan office in 2009.

The increase would make the headcount of its Taiwan office to top 100.

The vice president also added that Alibaba considered 2009 to be an "investment year", as the company was going to spend USD 30 million on advertising in the US and Europe.

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Alibaba shares decrease almost 10%

March 20, 2009 - 6:33am | Figures | News

The shares of Alibaba.com fell to HK$7.39 or $0.95 cents (decrease of 9.9% from previous session) in Hong Kong trade Friday, following the company report on a larger-than-expected decline in net income for the fourth quarter.

Alibaba.com’s September through December net income had made 199.4 million yuan ($29.2 million), showing a decrease of 57% from 465.3 million yuan in the corresponding period of 2007.

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Alibaba.com reports a 39% revenue increase

March 19, 2009 - 7:32am | Figures | News

The world's leading business-to-business e-commerce company Alibaba.com announced its financial results for the year ended December 31, 2008.

The total revenue increased 39% to RMB3.0 billion in 2008, as compared to 2007. Total income of the China ecommerce company stood for 36% in 2008, compared to 28% in 2007 owing to the strong execution team and relatively more robust China economy.

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Google buys a ‘selling space’ in China for $1 million

February 11, 2009 - 3:30am | News | Payment systems

Chinese media report that Google is planning to enter China’s ecommerce market with the purchase of a domain to be used as a C2C platform. Google reportedly bought the domain Baobei.com for $1 million and is expected to go live with the C2C site within the next few months.

The new move of Google is the company’s first entry into Chinese ecommerce market which will likely pose it in a direct competition against Alibaba’s C2C-industry-leader Taobao.com and Baidu’s newer Youa.

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China’s ecommerce predicted to grow 28%

January 9, 2009 - 9:34am | Figures | News

In spite of the financial crisis that severely impacted Chinese economy ecommerce market players like Alibaba.com are predicted to show high growth rates over the following several years. IDC China, an internationally renowned market research company, recently released a white paper on China's e-commerce service sector where the agency notes that ecommerce businesses will create a large number of employment opportunities in the country.

Alibaba.com | China | ecommerce | IDC | transaction volume

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Alibaba.com selects NICE Systems for its VoIP contact centers

December 22, 2008 - 8:54am | News | Other themes

NICE Systems Ltd., has announced today that Chinese e-commerce giant Alibaba.com placed an initial order for NICE SmartCenter solutions for two of its VoIP contact centers. The NICE solution will provide Alibaba.com with a comprehensive quality management solution for improving customer service agent performance, training effectiveness, and customer satisfaction, says prnewswire.

Alibaba.com | NICE SmartCenter | NICE Systems | VoIP contact centers

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Alibaba teams with VeriSign

November 28, 2008 - 9:04am | News | Other themes

Alibaba.com, a leading Chinese e-commerce provider, has created a business alliance with American Internet security firm VeriSign Inc in order to provide a new service to its suppliers who sign up for Alibaba.com's TrustPass membership, assisting them verify their status as a legitimate business entity.

Alibaba.com | e-commerce | VeriSign | VeriSign Verified Seal

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VeriSign will guarantee the quality of products on Alibaba.com

November 25, 2008 - 9:28am | News | Other themes

Alibaba.com one of the largest Asian companies has announced its partnership with VeriSign, a known provider of Internet infrastructure services. Owing to this agreement the suppliers subscribed to TrustPass membership service of Alibaba.com will have an opportunity to verify their status as a legitimate business entity, and to use VeriSign Verified(TM) Seal which is considered the best guaranty of quality and the No. 1 sign of trust on the Internet.

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Alibaba.com helping suppliers and customers in tough economy times

November 4, 2008 - 3:12am | News | Other themes

New large-scale programs were initiated by Alibaba.com, the world's leading business-to-business e-commerce company, in a move to add benefits to customers and suppliers in its global import/export marketplace. To enhance the reliability and quality of the suppliers Alibaba will launch the Quality Supplier Program, and to extend Alibaba.com's premium storefront service to a broader group of export suppliers the company will be offering the Gold Supplier Starter Pack.

Alibaba.com | China | ecommerce | online shopping | VeriSign

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