Alibaba Group (BABA) and its Alipay affiliated payments company reportedly are in negotiations to purchase a $550 million stake in Indian online payments platform One97 Communications, in a further sign that China’s dominant e-commerce company is expanding globally. A Reuters news story, quoting sources directly involved in the transaction said late Sunday that the talks are in an advanced stage. New Delhi-based One97 plans to use Alibaba’s
China’s Alibaba Group Holdings (BABA) and Microsoft (MSFT) are collaborating to remove counterfeit and unlicensed Microsoft software that might be sold on Alibaba’s Taobao or Tmall online marketplaces in China and to educate Chinese consumers about the dangers of using such software. Alibaba and Microsoft announced Thursday that they’ve signed a memorandum of understanding (MoU) that bolsters existing anti-counterfeit measures already in place on
A company’s long-term outlook might be terrific, but that doesn’t mean it won’t encounter the occasional interim cool-down. Take China e-commerce giant Alibaba (BABA), a top-of-the-line company that tore up the charts in the two months after its IPO and grew earnings per share by 103% in 2014. But as it puts more money behind developing its mobile presence, as well as other actions, analysts expect its EPS to grow a mere 7% for its