Techweb reports Sina removed 5,500 "misleading" accounts, while Tencent purged nearly 26,000 from QQ, WeChat, and Tencent Weibo.
Alibaba Group is one of the largest internet companies in the world. Headquartered in Hangzhou, China, Alibaba generated a revenue of US$6.5 billion for the first nine months of fiscal year 2013, with a net profit of US$2.85 billion. Its businesses include Alibaba, a B2B trading platform, Taobao, an eBay-like C2C shopping site, and Tmall, a B2C shopping portal. Alibaba also has its own payment platform, called Alipay, which has no transaction fees. The company was founded by Jack Ma, then an English teacher, in 1999.
Products like online mutual funds, peer-to-peer loans, and insurance only showed 2 percent growth in the second half of last year.
During the 24-hour period of Chinese New Year’s Eve, users of the Alipay Wallet app gifted a lot of cash to their buddies and family members.
Alibaba and Tencent ramped up the taxi-booking battle in China by incorporating the startup services in their own mobile apps.
The merger puts Didi Dache and Kuaidi Dache on a collision course with Uber for global domination.
Alibaba has launched its enterprise chat app Ding Ding, which it hopes will be able to find a niche in China's crowded social media market.
What could go wrong when you're giving away free money? Quite a lot, as Alibaba's Alipay discovered yesterday.
Indonesians can now stock their quarters with cheap Chinese goods.
This year, Tencent announced plans to unleash 500 million red envelopes full of cash and another 3 billion virtual coupons to WeChat users over a 10-day period.
China’s ecommerce titan Alibaba started the week by announcing a US$590 million investment in phone maker Meizu.
China's ecommerce giant wants in on India.
China’s biggest ecommerce giant, Alibaba, has found itself in a bit of trouble recently. Chinese authorities have criticized the site for featuring too many fake knock-off products, and Alibaba founde...
Alibaba’s ongoing kerfuffle with the government over (among other things) the presence of fake/counterfeit products on its ecommerce platforms just won’t seem to end. But the latest twist is a speech ...
450 customers will get the chance to have their goods delivered by drone.
China's WeChat has just shut down sharing connections between WeChat and a number of Alibaba apps, including Alipay's red envelope service.
China's e-commerce giant wants to help young entrepreneurs in the fragrant harbour.
Ouya struck a similar deal with phone maker Xiaomi last year to get its games onto Xiaomi’s set-top boxes and TVs.
Alibaba's Q4 earnings report reveals it now has more active shoppers than the entire population of the US. Yee-hawwwwwwwww!