Tag Archives: baba

Alibaba Joins Apple China Supplier To Produce Robots

China e-commerce leader Alibaba Group (BABA) is joining Foxconn Technology Group — Apple ‘s (AAPL) main manufacturer in China — in investing in SoftBank’s robotics business. Alibaba and Foxconn will each invest 14.5 billion yen ($117.8 million) in SoftBank Robotics Holdings, the robotics wing of Japanese communications giant SoftBank Group, according to a statement released Thursday by the three companies. The alliance unites three of Asia’s top

Move Over Tesla Stores, Alibaba Tries Online-Only EVs

Never mind Tesla Motors’ (TSLA) way of selling electric cars, in its own sales boutiques reminiscent of an Apple (AAPL) Store vs. traditional dealerships. Alibaba Group (BABA), the Chinese online shopping giant, may one-up that idea by selling an online-only electric car. The company has formed a strategic partnership with Lifan Auto, according to a China Daily report that says Lifan will build a small electric-car model exclusively for the

Baidu Latest China Web Giant To Go Hollywood

China search leader Baidu (BIDU) said that its iQiyi video streaming subsidiary has hit 5 million subscribers as of June 15, which it said was a 765% rise from June 15, 2014. Baidu’s announcement about iQiyi’s growth comes the day after rival China e-commerce leader Alibaba (BABA) said it will launch its own online video streaming service in China this summer to head off a challenge from the No. 1 U.S. paid video streaming service, Netflix (NFLX),