Tag Archives: baba

Alibaba’s Ma: Alipay Will Be Publicly Listed In China

Alibaba Group (BABA) Executive Chairman Jack Ma said in a Tuesday interview with China’s state television network that the holding company that owns his Alipay payments unit “will definitely go public” and that he is mulling Chinese mainland stock listings. Noting that Alibaba wasn’t able to list its stock on Chinese mainland stock exchanges as part of its record $25 billion U.S. IPO in September, Ma reportedly said: “I hope that Alipay has this

Alibaba On Pace To Break Singles’ Day Sales Record

The biggest e-commerce day of the year commenced in China Tuesday morning on a pace well above last year’s big score for Alibaba Group. Early on Nov. 11, known as Singles’ Day, gross merchandise volume processed though Alibaba (BABA) platforms topped $1 billion in just the first 20 minutes, according to Alibaba news site Alizila.com. During the 24-hour sale last year, it took about an hour for Alibaba to reach the $1 billion mark. Last year, more

Alipay Launches ShopRunner U.S. Retail Partnership

Chinese e-commerce tycoon Jack Ma’s Alipay company has launched a joint service with ShopRunner, a U.S. rival of Amazon that lets Chinese consumers order products directly from the U.S. websites of big U.S. brands that are ShopRunner partners. Ma’s Alibaba Group (BABA), which completed a record $25 billion U.S. IPO in September, holds a 39% stake in ShopRunner. The move lets Chinese shoppers pay for U.S. purchases via Alipay’s ePass