Latest Jack Ma Stories

2008-08-28 06:00:36

Alibaba.com, the top Chinese e-commerce firm, posted a 159 percent rise in net profit in the second quarter thanks to interest income from IPO proceeds, but its prospects are darkening as global woes cause small and midsize firms to cut spending. Alibaba, which operates an online business-to-business site connecting buyers and suppliers looking to import and export Chinese goods, is battling a turbulent macroeconomic outlook as it seeks to facilitate domestic Chinese and international...

2008-08-02 03:00:28

New "Export-to-China" Service to Tap China's Growing Buying Power HANGZHOU, China, Aug. 2 /Xinhua-PRNewswire/ -- Alibaba.com today announced the beta launch of Export-to-China, a new service which will enable international entrepreneurs and small and medium-size enterprises (SMEs) to sell direct to China's growing number of buyers. Export-to-China will provide international suppliers with a Chinese-language online storefront on Alibaba.com's China marketplace, which has an active...

2008-07-09 06:00:17

China-based B2B e-commerce provider Alibaba has announced plans to invest CNY 2 billion ($292m) to expand its online auction unit Taobao.com. The company said it is building out Taobao.com to become an advanced C2C business. Taobao already has a customer base of 67 million, and 10 million clicks per day. Revenue rose 170% to CNY 18.8 billion ($2.74 billion) in the first quarter of 2008 and is expected to reach CNY 100bn ($14.56 billion) by year end. According to the Beijing-based China...

2008-06-17 15:00:19

Top Chinese online site to see transactions top 100 billion yuan in 2008 HAHGZHOU, June 16 (Xinhua) -- Taobao, Alibaba's online consumer website, expects its transaction volume to surpass 100 billion yuan (14.4 billion U.S. dollars) in 2008, a 130 percent increase from the previous year, according to Liang Chunxiao, Alibaba's vice president. Speaking at a forum in Hangzhou, capital of east Zhejiang Province. Liang said with the rapid growth in China's e-commerce market, Taobao's...

2008-03-19 12:00:29

BEIJING and MENLO PARK, Calif., March 19 /PRNewswire/ -- Northern Light Venture Capital (NLVC), a China-focused venture capital firm, today announced the appointment of John Wu as venture partner. Mr. Wu will be based out of NLVC's Shanghai office and is responsible for evaluating and seeking new investment opportunities in early and growth stage opportunities in consumer and technology enabled businesses. He brings in more than a decade of technical and management experience at leading...

2005-07-11 15:02:05

SHANGHAI -- Online auctioneer eBay Inc. said on Monday it expects its China transaction volume to jump 30 percent or more in 2005, amid an aggressive expansion including a local launch of its PayPal online payment service. "Based on our first quarter simple calculation of $100 million (in transaction volume), our full year should reach $400 million," eBay's China Chief Operating Officer James Zheng told Reuters at an event to announce the launch of the company's PayPal service in China. But...

Word of the Day
  • The call or cry of a bird or other animal to its mate or its young.
'Call-note' is newer than 'bird-call,' which originally referred to 'an instrument for imitating the note of birds' but now also refers to 'the song or cry of a bird.'