Tag Archives: baba

Alibaba Aims For Slam Dunk With Kobe Bryant Products

Alibaba Group (BABA) will work with Los Angeles Lakers basketball star Kobe Bryant to create a series of Kobe branded products and distribute them through its e-commerce platforms. As part of the deal with the newly formed company Kobe Inc., Alibaba will sell Kobe’s recent video narrative “Kobe Bryant’s Muse” through its Tmall Magic Box platform on Aug. 8, for $1.30. Bryant produced the video narrative, in which he shares his philosophies of life

Alibaba Elevates Cloud Efforts With $1 Bil Investment

Alibaba Group (BABA) is expanding its cloud computing tentacles with a new $1 billion investment to expand efforts in international markets. Already the largest public cloud-services company in China, Alibaba said the money will be used to expand international operations through its cloud unit, Aliyun. It plans new centers for cloud services in the Middle East, Singapore, Japan and Europe. Alibaba, which also is China’s largest e-commerce firm,

Apple Pay Partner Stripe Gets $5 Billion Valuation

Visa (V) is now the second credit card processor to invest in mobile online payment provider Stripe, valuing it at $5 billion. The startup has struck deals with a number of heavy-hitting partners — including Apple (AAPL) Pay, Alibaba (BABA), Facebook (FB) and Twitter (TWTR) — as mobile payment systems take off with consumers. Kleiner Perkins Caufield & Byers, along with previous investors American Express (AXP) and Seqouia Capital, also