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1-10 results from 1000 for query «alibaba»

December 13, 2018 3:25 AM Alibaba-backed Lazada appoints new CEO; second change in 2018

SINGAPORE (Reuters) - Lazada Group, a Southeast-Asian e-commerce company backed by Alibaba Group Holding, appointed Pierre Poignant as its new chief executive officer (CEO) on Thursday as part of its succession planning. Poignant, the company’s executive president, will succeed Lucy Peng as CEO with immediate effect, Lazada said in a statement. Peng will remain 129

December 12, 2018 9:31 AM Mobility tech firm Optibus raises $40 million, Alibaba takes stake

JERUSALEM (Reuters) - U.S.-Israeli mobility technology company Optibus said on Wednesday it raised $40 million in a private funding round led by Insight Venture Partners and with a strategic investment from the Alibaba Group. Existing investors, including Verizon Ventures, Pitango Venture Capital, New Era Capital and Sir Ronald Cohen, also participated 131

December 11, 2018 11:04 PM China's Tencent Music raises nearly $1.1 billion in U.S. IPO

NEW YORK/HONG KONG (Reuters) - China-based music streaming company Tencent Music Entertainment Group TME.N has raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range, two sources said on Tuesday. The music arm of gaming and social network giant Tencent Holdings Ltd (0700.HK) priced 126

December 10, 2018 1:26 AM Alibaba takes control of film group in $160 million share purchase

BEIJING (Reuters) - Alibaba Group Holding Ltd (BABA.N) said on Monday it will increase its stake in Hong Kong-listed Alibaba Pictures (1060.HK) to 51 percent, taking control of the film unit’s board. Alibaba Pictures will issue one billion new shares to Alibaba at HK$1.25, valuing the exchange at roughly HK$1.25 billion ($159.9 million), the e-commerce 91

December 10, 2018 12:52 AM China says rejecting physical cash is illegal amid e-payments popularity

SHANGHAI (Reuters) - China’s central bank on Monday warned that rejecting cash as a form of payment was illegal, saying that such practices could eventually could cause the loss of confidence in physical money and was unfair to those not accustomed to electronic payments. Its comments, made in a post on its official WeChat account, come as electronic 121

December 5, 2018 10:38 AM Alibaba signs agreement with Belgium for e-commerce trade hub

BEIJING (Reuters) - Alibaba Group Holding Ltd said on Wednesday it has signed an agreement with the Belgium government to launch an e-commerce trade hub, which will include investments in logistics infrastructure. The project is part of Alibaba’s Electronic World Trade Platform (eWTP), and Belgium is the first European country to join the project following 130

December 4, 2018 11:25 AM Chief at Alibaba video site Youku steps down amid corruption probe

BEIJING (Reuters) - The president of Alibaba Group Holding Ltd’s video streaming service, Youku, has stepped down and is believed to be talking to Chinese authorities as part of a potential corruption case, the company said on Tuesday. The abrupt departure comes amid a wider reshuffle of Alibaba executives as the company shores up its leadership following 131

November 26, 2018 4:20 PM Cyber Monday set to become biggest U.S. online shopping day

(Reuters) - Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, but will also test the limits of retailers’ e-commerce operations as millions of shoppers scour for steep discounts on everything from Lego sets to big-screen TVs. Retailers such as Target Corp are offering deliveries with no minimum order limits, pulling out all stops 86

November 19, 2018 4:00 AM Google-Temasek study sees $240 billion Southeast Asia internet economy by 2025

SINGAPORE (Reuters) - Southeast Asia’s internet economy is expected to exceed $240 billion by 2025, a joint study by Google and Temasek Holdings showed, a fifth more than previously estimated, as more consumers use their smartphones to go online. The study, first published in 2016, encompasses ride-hailing, e-commerce, online travel and online media 105

November 8, 2018 4:42 AM Starbucks partners with UberEats in Japan

(Reuters) - Starbucks Corp (SBUX.O) said on Wednesday it was partnering with UberEats to deliver coffee and food in Tokyo starting Friday, as the world’s largest coffee chain looks to boost sales in Japan, one of its major Asia-Pacific markets. Starbucks has been facing intense competition in the United States and China, its two largest markets, and has been exploring 112