Yahoo Japan, a subsidiary of U.S. Web portal Yahoo (YHOO), is considering an e-commerce partnership with China giant Alibaba Group (BABA) that could start this summer, according to a media report on Friday. The two sides are discussing teaming up to help Japanese firms sell household goods, cosmetics and baby products on Alibaba’s Tmall and Tmall Global sites, according to Bloomberg. The alliance would offer support and lower fees for Japanese
Snapchat — the hot tech startup built around creating digital messages and photos that disappear shortly after being sent — is raising $650 million in equity, which would value the company at $16 billion, according to a media report on Friday. Snapchat’s new investors include China e-commerce giant Alibaba Holdings (BABA), along with Fidelity, York Capital and Glade Brook Capital, according to a CNBC report . The social media messaging service has
The stocks of e-commerce companies Shopify (SHOP) and Baozun (BZUN) both showed solid gains Tuesday, following their initial public offerings last week. China-based Baozun, which helps brand partners execute e-commerce strategies, rose 14% to 12.67 in heavy volume on the stock market today. China e-commerce leader Alibaba Group (BABA) holds an 18% stake in the company. Baozun priced at 10, below its expected range of 12 to 14. It offered 11