Tag Archives: baba

Uber China Raises $1.2 Billion, China Rival $3 Billion

Uber Technologies’ China unit raised $1.2 billion from Baidu (BIDU) and others, the ride-sharing app giant said Monday, while Chinese rival Didi Kuaidi, backed by Alibaba (BABA) and Tencent Holdings (TCEHY), reportedly raised $3 billion. Uber, the leading U.S. ride-sharing app, has been expanding heavily worldwide. China may be its greatest overseas opportunity — and its hardest. Uber CEO Travis Kalanick said Uber China has received $1.2 billion

Netflix besieged by Hulu, Apple, Amazon, Alibaba

Competitive threats are weighing on Netflix (NFLX) stock as the company continues its rapid global rollout. As the world’s leading Internet television service, Netflix has a big bull’s eye on its back and rivals such as Alibaba (BABA), Amazon.com (AMZN), Apple (AAPL) and Hulu are taking aim. Netflix stock closed down 0.33% on the stock market today, its fourth straight down day and the second in a row below its 50-day moving average. Netflix stock

Alibaba Launches Video, Plans To Be Netflix Of China

The script for TV viewing in China got more intense, with Alibaba Group (BABA) rolling out its much anticipated subscription video service. Netflix (NFLX) is expected to enter the China market soon. Alibaba’s service is called TBO, or Tmall Box Office, the video streaming service began showing up this week in software updates for Alibaba’s smart TV operating system in China, in what the company called a beta test. Alibaba in June revealed plans to