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Alibaba Invests $2.87 Billion in Sun Art Retail Group

Alibaba Invests $2.87 Billion in Sun Art Retail Group

On Monday, Alibaba Group Holding Ltd (NYSE: BABA) announced plans to invest $2.87 billion in China’s top hypermart operator, Sun Art Retail Group Ltd to expand their footing in offline retail. The company is to also create an alliance with Rue..

JD.com Shares Rise

JD.com Shares Rise

JD.com (NASDAQ: JD) reported their highest ever quarterly profit of $151 million which is far above analyst forecast of a 213 million yuan loss. This marks a 39% rise in revenue which boosted the firm’s shares compared to a 807.9 million ..

Alibaba Posts Better-than-Expected Earnings

Alibaba Posts Better-than-Expected Earnings

Alibaba Group Holding Ltd. (NYSE: BABA) on Thursday reported raised its full year forecast after the company reported better-than-expected quarterly earnings.The Chinese e-commerce giant said revenue rose 61 percent to 55.12 billion yuan ($8.34 bill..

Amazon to Open Mega Warehouse in Mexico

Amazon to Open Mega Warehouse in Mexico

Amazon.com, Inc. (NASDAQ: AMZN) is preparing to open a mega warehouse near Mexico City that will be 1 million square feet to help boost Mexico’s e commerce industry. The warehouse is to be built in the Tepotzotlan municipality about 25 miles n..

E-Commerce TaoBao Bidding on Debt

E-Commerce TaoBao Bidding on Debt

China’s biggest e-commerce platform TaoBao is used by millions of Chinese consumers to purchase a range of everything from food to electronics and markets more than 1 billion yuan of assets a day. Owned by e-retailing giant Alibaba Group Holdi..

Alibaba Invests $1 Billion in Lazada Group

Alibaba Invests $1 Billion in Lazada Group

Alibaba Group Holding Ltd (NYSE: BABA), a Chinese e-commerce company decided to invest $1 billion in a Southeast Asian online retailer called Lazada which would boost their stake by almost a third to 83 percent. This decision was based on the expand..

Alibaba Expected to Grow Even More

Alibaba Expected to Grow Even More

New marketing data services intend to boost Alibaba Group Holding Ltd (NYSE: BABA) financial results even with shares that are already among the best in the market totaling to 62.5 percent. Analysts believe that $190 will be the 12-month price ..