Tag Archives: baba

Mobile Commerce Soaring In China For Alibaba’s Alipay

Mobile buying is taking off at Alibaba Group Holdings (BABA). The share of mobile transactions processed on Alipay, the online payment system affiliated with the China e-commerce giant, jumped to 54% of all transactions in the first 10 months of this year, up from 22% during all of 2013. Alipay says it is the world’s largest e-commerce platform, with a mobile payment volume that’s greater than both PayPal and Square combined. The increase was

Alibaba’s Alitrip Shakes Up China Online Travel Game

Alibaba Group’s new Alitrip travel website in China is drawing a competitive response from Expedia, which has carved out a successful presence in Chinese online travel through its local unit, eLong. Expedia (EXPE), based in Bellevue, Wash., has long regarded Shanghai-based Ctrip.com (CTRP) as its chief rival in China. But Alibaba ‘s (BABA) Oct. 27 announcement that it’s turning Taobao Travel, part of Taobao.com, into an independent website named

Alibaba Bonds Begin Trading; Taobao To Go Global

Alibaba (BABA) is scheduled to begin its first bond offering on Thursday, a huge sale expected to bring in about $8 billion. Jack Ma, Alibaba’s founder and executive chairman, also said at an industry event in Hangzhou, China, on Thursday that the company plans to set up an international version of its e-commerce marketplace Taobao to sell items to shoppers globally in multiple languages, including English and Chinese. The e-commerce giant, which