Tag Archives: Alibaba

Alibaba revenues jump 60% as Chinese growth continues

Revenue at e-commerce giant Alibaba jumped 60% in the first three months of the year, powered by a growing customer base in China. More than 450 million Chinese shoppers used its sites during the quarter, with the average annual spending up by about a third, Alibaba said. The growth pushed revenues for the period to $5.6bn (£4.3bn). But… Read More »

Jack Ma’s Alibaba set to take on Jeff Bezos’ Amazon in India

Just when Indian e-commerce was losing its mojo and all that one heard was valuation markdown, Chinese major Alibaba has promised to keep things hot. So far a passive investor in companies such as Kunal Bahl-backed Snapdeal and Vijay Shekhar Sharma-led One97Communications that operates Paytm, Alibaba has announced its entry into Indian e-commerce. If it does, Jack Ma’s… Read More »