Alibaba Teams With Kasikornbank For Thai Business Development

Alibaba’s international site reached a deal with the Thai bank Kasikornbank which will help Kasikornbank introduce its small- and medium-sized enterprise customer resources to Alibaba’s international site and increase the export business opportunities of Thai products. Thai enterprises will be able to apply to become Alibaba’s verified member or gold supplier via Kasikornbank, which will bring various exclusive benefits and services to these small businesses.

http://www.chinatechnews.com/2014/08/20/20821-alibaba-teams-with-kasikornbank-for-thai-business-development

Youku reaches half billion visitors for first time, but share price tumbles on pessimism

Youku (NYSE:YOKU), which claims it’s still China’s top video streaming site despite growing competition from half a dozen rivals, reached 500 million monthly unique visitors for the first time, the company said today in its Q2 2014 earnings report. The half billion figure represents viewers across the Youku and Tudou sites across all screens, from desktop to mobile to smart TVs.

http://www.techinasia.com/youku-q2-2014-reaches-500-million-monthly-visitors/

The Alibaba IPO: Is It Full of 40 Thieves… or 40 Billion Carats?

At this point, it looks like the IPO roadshow featuring Alibaba founder Jack Ma will begin on Sept. 3. The company’s seven investment banks and five outside law firms expect the song-and-dance routine for institutional investors to start in Asia, then head to Europe, and end up playing to packed investor houses all across United States. Alibaba IPOThen, the company should debut on the New York Stock Exchange in mid-September.

https://moneymorning.com/2014/08/14/the-alibaba-ipo-is-it-full-of-40-thieves-or-40-billion-carats/

Snapchat’s financing talks with Alibaba end

[BANGALORE] Snapchat Inc’s financing talks with China’s Alibaba Group Holding are over, Bloomberg reported, citing people familiar with the matter. The developer of a popular app that allows users to send messages that disappear after a few seconds was reportedly in talks last week with investors, including Alibaba, for financing that could value the company at US$10 billion.

http://www.businesstimes.com.sg/breaking-news/world/snapchats-financing-talks-alibaba-end-20140809

Alibaba Has a Computing Cloud, and It’s Growing, Too

Alibaba, the Chinese e-commerce giant, has a growing cloud computing business and a hunger for American companies. And soon, it will most likely have a large amount of cash. Will it take on the American cloud giants? It would be an amazing change from the way cloud computing seems to be developing. Public cloud computing is the rental of infrastructure, like raw computing power and online data storage, and sophisticated applications. It is a multibillion-dollar business, expected to grow much bigger, and is currently led by Amazon Web Services, or AWS; Google; and Microsoft Azure. IBM and others also have designs on the market.

http://bits.blogs.nytimes.com/2014/08/04/alibaba-has-a-computing-cloud-and-its-growing-too/

Alibaba’s Cloud Gaming Platform Hopes To Foster Family Values

Even though its founder pledged to avoid online gaming because his son developed an online game addiction, Alibaba has now launched its own cloud gaming platform. Cloud gaming at Alibaba aims to merge game interaction and data operation on cloud servers and transmit the real-time pictures back to the TV screens of users. With this new service, users will be able to play games via Internet TV and high-speed broadband without downloading games.

http://www.chinatechnews.com/2014/07/31/20774-alibabas-cloud-gaming-platform-hopes-to-foster-family-values

Alibaba makes a big push into gaming with $120 million investment in US-based Kabam

Chinese ecommerce titan Alibaba is making yet another investment in an American company by pouring US$120 million in funding into Kabam, a developer of online and mobile games. The Wall Street Journal, which first reported this, says it also involves a deal for Alibaba to distribute Kabam’s games in China to users of its Taobao marketplace and Laiwang messaging app. The move signals Alibaba’s intent to challenge WeChat more strongly by incorporating social gaming into Laiwang, which has been struggling to gain traction.

http://www.techinasia.com/alibaba-funding-kabam-for-mobile-gaming/

Midea Predicts Profit Up 50% As Alibaba Cloud Strategy Takes Hold

Chinese home appliances group Midea is expecting a huge jump in its 2014 earnings. The company published its semi-annual performance prediction for 2014, stating that during the first six months of 2014, the company’s net profit is expected to increase by between 45% and 60% over the same period of last year; its earnings will reach between CNY6.059 billion and CNY6.686 billion; and its earnings per share will be about CNY1.44 to CNY1.59.

http://www.chinatechnews.com/2014/07/22/20746-midea-predicts-profit-up-50-as-alibaba-cloud-strategy-takes-hold

Alibaba has a second attempt at making a social network

Ecommerce titan Alibaba has a new social network. It’s a sort of Instagram that’s based around tagging brand names that appear in your photos. Rather than making it a standalone app, Alibaba’s newest effort, called Fun, is built into its Tmall shopping app and is rolling out to users in an update for iOS and Android. Tmall is an online marketplace for large vendors and major brands.

http://www.techinasia.com/alibaba-new-social-network-photo-app-tagging-brands/

Alibaba puts itself on the map, buys Autonavi in $1.5 billion deal

Ecommerce titan Alibaba took a 28 percent stake in Autonavi nearly a year ago. And then in February this year the firm proposed a full buy-out of Autonavi for a premium of US$21 per share. (UPDATE on July 16: Autonavi shareholders today voted in favor of the deal. The merger will be finalized later this month and then Autonavi will delist from NASDAQ). Today Autonavi confirmed it has accepted the deal for that acquisition price, pending the approval of shareholders. Autonavi closed trading yesterday at $20 per share. For shareholders it’s a large premium over the $16.54 value per share when it was first proposed in February.

http://www.techinasia.com/alibaba-confirms-will-wholly-acquire-autonavi/

Jack Ma: The C2B business model is an “undeniable trend”

Masayoshi Son’s SoftBank empire has been getting a lot attention in recent months, with a US$20 million splash of venture funding for the Phillipines, the debut of Pepper, the family friendly robot, and, the impending financial windfall from Alibaba’s IPO. Today, at the SoftBank World 2014 event, Alibaba’s founder and executive chairman, Jack Ma, talked about Alibaba’s business philosophy and the coming shift of Customer to Business (C2B) corporate strategies.

http://www.techinasia.com/jack-ma-softbank-world-alibaba-business-model/

China’s Aliyun Forms Cloud Computing Partnership With Inspur

Alibaba Group’s cloud computing subsidiary Aliyun and Inspur Group have formally reached a strategic cooperation to jointly explore smart city and administration cloud markets, provide comprehensive cloud computing solutions to various industries, and build an independent and controllable cloud service ecosystem. As representative enterprises and rivals in the Chinese cloud computing industry, Inspur Group and Aliyun will team to create a complete cloud service ecosystem, further accelerate the development of the industry, and establish a Chinese cloud service market structure with domestic companies as its core.

http://www.chinatechnews.com/2014/07/07/20696-chinas-aliyun-forms-cloud-computing-partnership-with-inspur

1 year and $92 billion later, Alibaba’s massive mutual fund starts to stagnate

Chinese ecommerce giant Alibaba’s premiere mutual fund savings product Yuebao turned one year old this week, and announced it now holds RMB 574 billion (US$92 billion) in assets. That makes it the fourth-largest money market fund in the world, according to the company’s official blog. That’s pretty impressive, but those assets are growing at a much slower clip now than they were in the first quarter of this year. This is due to a variety of reasons.

http://www.techinasia.com/1-year-92b-alibabas-massive-mutual-fund-starts-stagnate/

Alibaba’s mobile commerce endeavors may benefit from new merger

China’s e-commerce behemoth Alibaba has established a new department, which is responsible for the integration of businesses involving the mobile browser, search, and gaming services. This department will take care of the mergers that Alibaba is looking to make with other companies that exist in the mobile space. The first such company is UCWeb, which is a prominent mobile Internet browser company. By teaming with UCWeb, Alibaba is expected to further solidify its growing dominance of the mobile space.

http://www.qrcodepress.com/alibabas-mobile-commerce-endeavors-may-benefit-new-merger/8527332/

Alibaba’s updated IPO prospectus reveals new details about UCWeb acquisition

Chinese ecommerce leader Alibaba last night updated its SEC prospectus, revealing, among other things, details about last week’s acquisition of mobile browser maker UCWeb. The deal, which Alibaba proclaimed to be the biggest in Chinese internet history and bigger than Baidu’s US$1.9 billion acquisition of 91 Wireless, cost Alibaba US$479 million in cash and 12.3 million company shares for the remaining one-third of UCWeb.

http://www.techinasia.com/alibabas-updated-ipo-prospectus-reveals-details-ucweb-accquisition/?hvid=5ufTCO

Alibaba teams up with China Post to make nationwide 24-hour delivery a reality

Alibaba founder and chairman Jack Ma continued his company’s pre-IPO bachelor party today by signing a deal with China Post to deliver online purchases to anywhere in China within 24 hours, according to ShanghaiDaily. China Post is the country’s biggest postal service, and has offices pretty much everywhere, including rural areas. The two companies are also looking into making international deliveries via China Post’s global network.

http://www.techinasia.com/alibaba-teams-china-post-nationwide-24hour-delivery-reality/

Jack Ma talked him into it: all the dirt on Alibaba’s acquisition of UCWeb

Yesterday, Alibaba and UCWeb jointly announced the former’s full acquisition of the latter, publicly calling it the biggest merger in the history of Chinese internet companies. Today, UCWeb founder and CEO Yu Yongfu gave an interview to foreign media to discuss his company’s role within Alibaba moving forward. While he remained vague about some of the details, here’s everything we’ve learned so far:

http://www.techinasia.com/jack-ma-talked-dirt-alibabas-acquisition-ucweb/

Chinese app distribution heats up as Alibaba acquires rest of UCWeb in $4 billion value deal

While many in the Chinese mobile games market see Tencent’s domination of distribution and publishing is almost inevitable, the other giant players in the market have other plans. In 2013, search giant Baidu spent $1.9 billion buying app distribution outfit 91 Wireless, and now ecommerce giant Alibaba – which is about to IPO in the US – has fully acquired UCWeb. It’s best known for its UC browser, which in China has spawn the UC 9Game platform, which provides a combination of Android app distribution and social interaction for players.

http://www.pocketgamer.biz/asia/news/59285/chinese-app-distribution-heats-up-as-alibaba-acquires-rest-of-ucweb-in-4-billion-value-deal/

Alibaba launches US shopping website

SAN FRANCISCO: China’s e-commerce giant Alibaba has launched an American shopping website as the company continues a deal binge ahead of a widely anticipated US listing. The online shopping site, called 11 Main opened on a beta, or test, basis for consumers and is invitation-only in terms of the merchants it features, the site said in a statement.

http://www.channelnewsasia.com/news/technology/alibaba-launches-us/1145612.html