Tag "Alibaba"

Alibaba unveils ‘Global E-Commerce Talents’ programme in India

By : CIOL Writers

Chinese e-commerce giant Alibaba has launched its “Global E-commerce Talents” (GET) programme in India aimed at equipping students, small business professionals and entrepreneurs with the competitive skills and essential resources required to prepare for the global e-commerce industry, the company

Baidu sets up 20 billion yuan investment fund

By : CIOL Writers

Chinese leading search engine Baidu Inc. has set up a 20 billion yuan ($3 billion) investment fund to focus on mid and late-stage technology deals in amounts of $50 million to $100 million. Called Baidu Capital, the fund will have

Walmart reportedly in talks with Flipkart for an equity partnership

By : CIOL Writers

Indian e-commerce market is getting hotter by the day. After Alibaba, Rakuten, it’s the world’s biggest retailer Walmart Store that is eyeing the lucrative Indian region and is reportedly in talks with local e-commerce giant Flipkart for an equity partnership,

Amazon to invest Rs 115 crore into it’s Indian wholesale vertical

By : CIOL Writers

Amazon is going all guns blazing in India to expand its pie share in the Indian e-commerce ecosystem. The US-based etailer has committed to pump in another $17.25 million (or Rs. 115 crores) in its wholesale arm — Amazon Wholesale

Alibaba planning to launch world’s first e-commerce satellite in 2017

By : CIOL Writers

Alibaba is planning to launch the world’s first e-commerce satellite next year to provide people with customized products, according to a report in the state-run People’s Daily. Juhuasuan.com, a group shopping website affiliated with Alibaba Group, announced this plan in

Alibaba weighing M&A options to make it big in India

By : CIOL Writers

Alibaba, which is planning to enter the Indian e-commerce arena next year, is reportedly eyeing to acquire ShopClues.com and might merge it with PayTM, according to a report in The Times of India. The report further adds that the company

US is home to 51 richest in tech, 19 hails from China

By : CIOL Writers

When Forbes released its second annual list of the world’s 100 Richest Tech Billionaires, there was a clear message for aspiring entrepreneurs- Silicon Valley isn’t the only harbor to try one’s fortunes in technology, eastern lands are also lush enough

Alibaba’s earnings beat expectations boosted by mobile users’ growth

By : CIOL Writers

Chinese e-commerce giant Alibaba, reported a better-than-expected 59 percent jump in quarterly revenue on Thursday boosted by strong performance among mobile users. Despite fears of an economic slowdown in China, the etailer has seen an increase in sales and number

Alibaba’s first smart car is here and is up for pre-bookings

By : CIOL Writers

Alibaba and Cars! Sounds strange? But true nonetheless. Alibaba is making inroads into the automobile space and has unveiled its first “internet car” in collaboration with one of China’s largest, state-owned carmakers, SAIC Motor Corp. The RX5, priced around RMB

Paytm to facilitate sourcing of Chinese products for Indian sellers

By : CIOL Writers

Even as the Indian government is fighting to prevent entry of any Chinese equipment into India, especially in tech, online payment platform Paytm is planning a program that will help Indian sellers to procure products from China at cheap rates.

Top 20 Tech brands of 2016

By : CIOL Writers

Technology has brought so much into this world, that today we cannot imagine a single day without it. From machines to mobiles, from cars to gadgets, everything that moves on a click or a tap has made our lives simpler

Samsung and Alibaba’s financial affiliate mobile payment services

By : Riddhi Sharma

As Samsung Electronics Co. looks to expand its presence in China, it plans to join hands with Alibaba Group Holding Ltd.’s financial-services affiliate to cooperate on mobile payments. Both the companies released a press statement, stating Samsung’s mobile payment service,

China’s tech industry vows to counter online terrorism

By : CIOL Writers

The Cyberspace Administration of China has informed that twenty-five Chinese tech companies have signed a pledge to counter images and information online that promote terrorism nearly four months after China passed a controversial new anti-terrorism law. According to the internet

Alibaba gearing up to enter Indian Ecommerce market

By : CIOL Writers

China’s largest online retailer Alibaba is keen on entering the Indian market in a big way in 2016. Alibaba Group president Michael Evans and global managing director K Guru Gowrappan met Communications and IT minister Ravi Shankar Prasad on Friday

Will Alibaba Come to Rescue the Devalued Flipkart?

By : CIOL Writers

Flipkart is now valued at $11 billion, down from $15 billion which was the valuation last June, when it received $700 million from Tiger Global Management, Qatar Investment Authority and other investors. Flipkart has been known as one of few