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Starbucks Corp. is joining forces with Alibaba Group Holding Ltd. to begin delivering its drinks and baked goods in China, rolling out an effort to stave off competitors and turn around sales in the country.
August 2 -
Alibaba Group Holding Ltd. is leading the purchase of 10 percent of Chinese delivery service ZTO Express (Cayman) Inc. for $1.38 billion, a deal that’ll augment the e-commerce giant’s ability to ship packages around the globe.
May 29 -
China hasn't exactly opened its arms wide to embrace U.S. payments companies, but the nation has gradually become more accepting of the foreign payments businesses that view its tech-savvy population as a lucrative market.
May 10 -
Alibaba is investing billions into mobile ordering technology in China — but what is more fundamentally American than spending large amounts of money on food?
April 2 -
While building consumer trust in these new payments methods will undoubtedly take time, the possibility of freeing consumers from physical payment objects — cash, cards, phones — would be transformative, writes Beatta McInerney, business development manager for payments at ScanSource.
March 16
ScanSource POS -
Alibaba Group Holding Ltd.’s $2.9 billion deal to buy a slice of China’s largest hypermart chain pits it against Wal-Mart Stores Inc. in the world’s largest retail arena.
November 20 -
Alipay and WeChat Pay will force traditional payment networks to up their game, particularly in in-play emerging markets. Whether they can become relevant at scale for consumers outside China remains to be seen, writes Eric Grover, a principal at Intrepid Ventures.
September 18
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Payments are getting more complex as business gets more global, adding channels and expanding ways to sell. Part of the strategy at the matchmaker crowdSPRING is to find a match of its own: AliExpress, Alibaba's online marketplace. It’s also considering a foray into virtual currency.
August 21 -
After rising 73 percent in 2017, Alibaba shares trade at a multiple of 64 times earnings. Tencent is trading at 56 times profit after a 71 percent rise in its stock.
August 14 -
Chinese e-commerce giant Alibaba Group Holding Ltd. and its Indian associate Paytm E-commerce Pvt are in talks to invest about $200 million for a stake of roughly 20 percent in India’s leading online grocer, Bigbasket, according to a person with direct knowledge of the negotiations.
July 25 -
Alibaba Group Holding Ltd. will invest another $1 billion to raise its stake in online mall Lazada Group SA to 83 percent, securing control of a fast-growing startup at the vanguard of its Southeast Asian expansion.
June 28 -
Most small U.S. companies don't have the brand awareness in China to stand out among the millions of goods on Alibaba's websites. Alibaba is the virtual mall that houses the brands, but sellers are in charge of production and distribution with little clarity on the demand for their wares.
June 19 -
Alibaba Group Holding Ltd. shares rose the most in almost two-and-a-half years after forecasting sales growth that topped every analyst’s estimate, defying expectations that growth must slow by dint of a decelerating economy and its own sheer scale.
June 8 -
The Trump administration must weigh risks to national security in its review of the $1.2 billion deal. Its decision will shed light on whether — given the president’s “America First” rhetoric — Chinese investment is still welcome in the U.S. financial services sector.
May 18 -
China’s internet titans are set to supply ample evidence that online spending continues to defy a slowdown in the world’s second largest economy.
May 17 -
As more of China's citizens engage in travel and commerce across the nation's borders, more companies want to help them pay and collect money. Many of China's dominant payment brands are extending their reach globally, but U.S. and European companies are also focused on this audience.
April 7 -
Chinese billionaire Jack Ma’s latest U.S. expansion plan is facing rising political obstacles.
March 31 -
Paytm, the Indian mobile payments startup backed by Alibaba Group Holding Ltd., has begun its global expansion by launching a mobile bill and tax payment service in Canada.
March 16 -
The Indian government's major change in cash policy and push for digital payments attracted the Chinese company to increase its stake in India's Paytm.
March 3 -
Alibaba Group Holding Ltd. raised its full-year sales forecast after quarterly results beat estimates, as Chinese spending stays strong and the company wrings revenue from fledgling areas such as cloud computing, entertainment and search.
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