Alibaba, Other China Web Giants Expand Car Efforts

Alibaba Group (BABA) and Shanghai General Motors formed a partnership to help finance GM sales, while its Internet rivals Baidu (BIDU) and Tencent (TCEHY) also expand efforts in China’s auto market. Shanghai GM, a joint venture of General Motors (GM) and SAIC Motor, already sells Buick, Cadillac and Chevrolet cars on its Alibaba’s TMall site. Alibaba on Friday said it will use its Big Data expertise to help serve up ads to potential GM buyers, as