Alibaba affiliate Alipay rebranded Ant in new financial services push

BEIJING: Chinese e-commerce firm Alibaba Group Holding Ltd said on Thursday it has changed the name of its Alipay financial services affiliate to Ant Financial Services Group as it steps up its push into the financial services industry.  Alibaba has been aggressively offering new financial services around Alipay, including a money market fund for consumers, a mobile payment app and even a new private bank that was approved by the Chinese government in September.

http://www.thestar.com.my/Tech/Tech-News/2014/10/17/Alibaba-affiliate-Alipay-rebranded-Ant-in-new-financial-services-push/

Alibaba-backed Quixey wants to set the standard for the future of search in China

Quixey , the US-based search engine for apps that Alibaba (NYSE:BABA) invested $50 million into, announced today it has partnered with the Chinese ecommerce titan to launch deep mobile search in China. That means a few things: first, Quixey will now take over mobile search on YunOS, the Alibaba-made Android skin that comes installed on millions of phones sold in China. YunOS will act as a sort of pilot program before Quixey expands to two other Alibaba properties, and possibly much further if it succeeds.

https://www.techinasia.com/alibaba-backed-quixey-set-standard-for-deep-mobile-search-in-china/

With help from Alibaba, Costco comes to China – but only online

US retailer Costco is entering China today for the first time. But the membership-only warehouse store is not opening any physical shops in the country. Instead it’s partnering with Alibaba’s Tmall marketplace to open a storefront for shoppers in mainland China. It’s targeting an ecommerce market in China that’s worth an estimated US$275 billion this year. The new Costco Tmall store  sells a selection of the retail giant’s foods and household items. Today’s announcement points out that with help from “Alibaba’s expertise in big data, Costco will carefully select the most suitable products and brands for its consumers in China.”

https://www.techinasia.com/alibaba-costco-china-online/

Forbes hails Hon Hai as example of Asian power

TAIPEI–Asian tech giants are fast-rivaling their Western counterparts, with Taiwan’s Hon Hai (鴻海) Precision Industry Co. an example of that rising power, according to an article posted on the Forbes website. “Call them copycats if you want, but the Asian tech giants from South Korea, Taiwan and China are fast becoming the new Ciscos and IBMs of the world,” according to the article published Oct. 5.

http://www.chinapost.com.tw/business/asia-taiwan/2014/10/08/418948/Forbes-hails.htm

Why the Alibaba model is China’s next great export

The hope of replicating Amazon and eBay’s success in China seemed a near impossibility. Less than one percent of China’s population was online. China’s logistics infrastructure was primitive. China’s finance sector was dominated by inefficient state-run banks slow to embrace online payment systems. And, perhaps most importantly, buyers and sellers who didn’t know one another simply didn’t trust each other enough to transact online. The barriers to consumer ecommerce in China seemed insurmountable.

http://www.techinasia.com/china-next-export-the-alibaba-model/

Alibaba is going to expand. But these VCs believe that startups in Southeast Asia don’t need to worry.

By now you know that Alibaba is big. Like, third biggest internet company in the world big. With the champagne bottles emptied following its historic IPO, expectations are high that Alibaba will move quickly and forcefully into a phase of global expansion . But what does that mean for startups in Southeast Asia? Alibaba is no stranger to investing. According to The Wall Street Journal , Alibaba has been atypically active in 2014, joining in funding rounds totalling over US$1 billion.

http://www.techinasia.com/alibaba-expand-southeast-asia/

How Alibaba (BABA) IPO Posing A Serious Threat To Key Ecommerce Players Amazon And eBay !

The ringing of the morning bell of NYSE on 19th September by Aibaba Group Holding Ltd. (NYSE:BABA), the Chinese e-commerce giant marked the launch of biggest Initial Public Offering (IPO) in US history. The company raised $21.8 billion on the first day of its trade increasing its market capital value to $231 billion and putting it among the top 20 biggest companies by market cap in the US. Alibaba far beat out its tech peers like Facebook Inc. (NASDAQ:FB) whose first day earning was $16 billion and Google Inc. (NASDAQ:GOOGL) whose 2004 IPO launch just raised $1.67 billion.

http://www.dazeinfo.com/2014/09/21/alibaba-baba-ipo-threat-e-commerce-amazon-ebay/

What Does Alibaba’s IPO Mean For Global Investment?

Media have been opining and hyping Alibaba’s USD21.8 billion IPO impact on the global Internet ecosystem and how the company plans to invest its new wealth. Unlike most IPOs, many early investors in Alibaba will have no lock-up period and they can sell their shares today. Though CEO Jack Ma pledged that customers are more important than investors to Alibaba’s growth, this uncommon nod towards investors may instead be a bellwether to how insiders view Alibaba’s future.

http://www.chinatechnews.com/2014/09/19/20974-what-does-alibabas-ipo-mean-for-global-investment

Dow hits new record; Alibaba soars in debut

NEW YORK: The Dow on Friday (Sep 19) notched its third straight record high in mixed Wall Street trade as shares of Chinese Internet company Alibaba soared following a record initial public offering. The Dow Jones Industrial Average advanced 13.75 points (0.08 per cent) to close at 17,279.74. The S&P 500 finished down 0.96 of a point (0.05 per cent) at 2,010.40, narrowly missing a record high a day after setting one. The tech-rich Nasdaq Composite Index fell 13.64 (0.30 per cent) to 4,579.79.

http://www.channelnewsasia.com/news/business/dow-hits-new-record/1371856.html

Alibaba IPO explodes into life, starts trading much higher than expected at $93 per share

15 years after first starting up, China’s top ecommerce company, Alibaba (NYSE:BABA), today listed on the New York Stock Exchange in a huge, record-breaking IPO. After earlier pegging its shares at $68 a piece, Alibaba actually debuted – just over two hours after markets opened – at $92.70 per share. The shares nearly hit $100 in the opening few minutes before settling down to $94 at the time of publishing.

http://www.techinasia.com/alibaba-ipo-starts-93-dollars-per-share/

Alibaba prices shares at $68 ahead of huge stock listing

With trading starting on the New York Stock Exchange later on Friday, the share sale will raise $21.8bn, making it one of the largest flotations ever. It values Alibaba, which accounts for 80% of all online retail sales in China, at $167.6bn. That value surpasses such corporate titans as Walt Disney and Boeing. The final amount raised from the sale could change, depending on the final allotment allocation.

http://www.bbc.com/news/business-29262715

Alibaba IPO will make it biggest internet company in China and third biggest in the world

Alibaba will be the third-biggest internet company in the world by market cap if analysts’ estimates hold up. It will surpass both US ecommerce giant Amazon and Chinese rival Tencent. Chinese companies take up four of the top 10 spots and make up three of the top six. Baidu (NASDAQ:BIDU) sits at number six, while JD (NASDAQ:JD) rounds out the top 10. Google (NASDAQ:GOOGL) leads by a long shot with nearly twice the market cap as runner up Facebook (NASDAQ:FB).

http://www.techinasia.com/alibaba-ipo-biggest-internet-company-china-and-third-biggest-in-world/

The 9-month bachelor party: here’s everything Alibaba invested in or acquired in 2014

In the run-up to Alibaba’s earth-shaking IPO, the ecommerce titan has been all but silent during its customary “quiet period.” But 2014 as a whole has been a busy year for the firm. Alibaba has invested in or bought outright multiple companies both at home and abroad, spending so much money that some have referred to 2014 thus far as Alibaba’s “bachelor party.”

http://www.techinasia.com/9month-bachelor-party-alibaba-invested-acquired-2014/

Reports: Alibaba Plans To Stop Taking IPO Orders Early

Alibaba Group Holding Ltd. plans to stop taking orders early from investors for its highly-anticipated initial public offering, according to media reports on Friday, citing people familiar with knowledge of the matter. The Chinese e-commerce giant reportedly has sufficient demand to sell all the stock in the IPO at the high end of its current price range and therefore, plans to start closing the order books early.

http://www.rttnews.com/2383377/reports-alibaba-plans-to-stop-taking-ipo-orders-early.aspx

Alibaba’s pre-IPO roadshow videos are a must-watch

The videos, which have been online for several days at Retail Roadshow , describe the company’s numerous shopping platforms and how each of them has impacted the lives of ordinary Chinese consumers. Despite the heartstring-plucking soundtrack and rosy tone, the clips nevertheless provide an excellent overview the company’s products and how it influences China’s retail infrastructure. If you’re hazy on the nuances behind Alibaba’s business model or numerous services, it’s well worth viewing.

http://www.techinasia.com/alibabas-pre-ipo-roadshow-videos-are-a-must-watch/

Alibaba and Tencent are beating Apple Pay to the punch in China

Apple announced it will introduce Apple Pay, an NFC-enabled mobile payment service for brick-and-mortar sales, in its upcoming iPhone 6 devices. Apple followers predicted its arrival in the days leading up to Apple’s keynote, but its unveiling yesterday came years after folks first expected the Cupertino-based firm to start eyeing in-store payments. As far back as 2011, Bloomberg published a piece  that cited analysts stating the company was working on NFC payment prototypes for small businesses.

http://www.techinasia.com/alibaba-and-tencent-are-beating-apple-pay-to-the-punch-in-china-alipay-wechat-payments/

Alipay, Huawei Team For Fingerprint Payment Development

Alipay and Huawei announced that the two parties have worked together in the launch of standard solutions for fingerprint payment in China. In this partnership, Alipay is responsible for creating more convenient payment experience to users, while Huawei provides devices and payment technologies.The new fingerprint payment function was officially available on September 4, 2014.

http://www.chinatechnews.com/2014/09/10/20905-alipay-huawei-team-for-fingerprint-payment-development

Chinese Internet giant Alibaba aiming for $24.3-billion IPO

Alibaba Group Holding has set the price range of its initial public stock offering $60 to $66 a share and hopes to raise a record-shattering $24.3 billion in what would be the biggest IPO ever. At $66 a share, the Chinese Internet behemoth would be valued at about $163 billion. “It was very close to what I expected,” said Francis Gaskins, director of research for Equities.com in Marina del Rey. “At that price range, it’ll do very well.”

http://www.latimes.com/business/la-fi-0906-alibaba-ipo-pricing-20140909-story.html

What Alibaba learned from Facebook’s IPO flop

By pricing Alibaba `s widely-anticipated initial public offering (IPO) below market expectations, CEO Jack Ma is seeking to avoid a repetition of internet peer Facebook`s disaster debut, say analysts. “Jack Ma is very astute and he noticed that Facebook tripped over its initial public offering and doesn`t want to do the same thing, so better to low ball it a bit and let it rise as it goes into the market than let the public investors feel like they have been short changed and had paid too much,” Roger Kay, president at Endpoint Technologies told CNBC on Monday.

http://www.moneycontrol.com/news/world-news/what-alibaba-learnedfacebooks-ipo-flop_1173251.html

Deciphering Alibaba CEO’s Letter To Investors

China’s Alibaba starts selling stakes in its Cayman Island company Alibaba Group Holding Limited today in the United States. In a “Letter From Jack Ma” which was filed last Friday with the Securities and Exchange Commission, Ma “Jack” Yun outlines expectations, caveats, and hopes for armchair investors in his extended family of Chinese e-commerce businesses.

http://www.chinatechnews.com/2014/09/08/20885-deciphering-alibaba-ceos-letter-to-investors