A review of Porter Erisman's book Alibaba's World: How a Remarkable Chinese Company is Changing the Face of Global Business.
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.
In another unreleased speech excerpt, Jack Ma explains why he started Alipay and the importance of limits for internet enterprises.
Xiu’s investment comes just days after several high-profile luxury brands filed a lawsuit against China’s biggest ecommerce company, Alibaba.
In this latest excerpt from a book of previously-unpublished speeches, Ma waxes philosophical on flattery, arrogance, and why his face looks weird.
Weibo hit 89 million daily active users in March, up 34 percent from the same time last year.
Face++ makes a cloud-based API and an SDK so developers can incorporate face recognition into their on apps. The startup has over 30,000 developers on board.
The investment in LeTV Sports was led by two of China's most prominent billionaires, Alibaba founder and chairman Jack Ma and Wanda Group chairman Wang Jianlin.
American messaging app Tango, which Alibaba put more than $200 million into last year, is expanding into ecommerce with the Chinese giant's help.
Tuniu, a NASDAQ-listed Chinese travel and tourism site, announced today it has secured a US$500 million investment led by ecommerce giant JD.
A translated excerpt from an internal speech given by Alibaba chairman and founder Jack Ma, in which he talks about how Alibaba's top employees got to where the...
Have you seen this very small and amusing detail in the revamped 'Silicon Valley' opening animation?
China’s tech giants are working hard to make sure that consumers use their phones to pay for things. Today Alipay Wallet, the Alibaba-affiliated mobile wallet, ...
The shift to mobile-only is optional for now, but an Alibaba representative tells Tech in Asia that two million merchants have already opted for this.
China's tech titans used to trample local startups, but now they're offering funding as they seek out partnerships.
Gobi’s latest fund is anchored in Singapore, and its partners have been talking to a number of Indian entrepreneurs who have shifted their base to the business-...
Alibaba's Aliyun wants to help startups enter the cloud era with a massive new incubation program that has dozens of powerful partners.
Earlier this week, we saw Tencent join up with Foxconn and China Harmony with the aim of producing smart electric cars. But Tencent is far from the only Chinese...
Regulators in Hangzhou are looking to clamp down hard on C2C ecommerce sellers who are manipulating online shopping platforms to boost their sales and take down...
China needs at least a few brave – and preferably well-funded – companies to kickstart its VR market, else risk falling behind.
Dianping, a Chinese amalgamation of Yelp and Groupon, will soon complete a US$850 million funding round, according to QQ Tech.
Weibo, China’s Twitter-like social network, continues to grow – albeit slowly. Weibo ended 2014 with 175.7 million monthly active users (MAUs).