Alibaba Group

Alibaba beats revenue expectations on cloud boost

Thu, 16 May 2019 - 09:55 GMT

Sales excluding revenue from consolidated businesses grew 39 percent year-on-year.

China's Alibaba doubles down on chips amid cloud computing push

Wed, 19 Sep 2018 - 08:57 GMT

In April, Alibaba bought a Chinese microchip maker Hangzhou C-SKY Microsystems to help bolster its cloud-based “internet of things” (IoT) business.

Alibaba's Cainiao JV to invest $1.53B in Hong Kong logistics hub

Wed, 06 Jun 2018 - 09:48 GMT

“The Hong Kong hub will be yet another milestone on our way to achieving our goal of 72-hour global delivery,” Cainiao President Wan Lin said.

China's Ant ups fundraising target, valuation could hit $150 billion: sources

Wed, 11 Apr 2018 - 08:46 GMT

The fundraising plan comes ahead of an expected stock market flotation, though Ant has neither set a timetable for IPO nor has it chosen any location for the same.

Alibaba takes control of logistics business, pledges $15 billion to expand network

Tue, 26 Sep 2017 - 08:13 GMT

Chinese e-commerce firm Alibaba Group announced it will invest 100 billion yuan ($15.12 billion) over five years to build a global logistics network.

China's JD.com invests in Indonesia's Go-Jek amid SE Asia push: sources

Fri, 25 Aug 2017 - 09:08 GMT

JD.com Inc (JD.O) has invested in Indonesian ride-hailing startup Go-Jek, people familiar with the matter told Reuters.

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