News and Articles About Alibaba
A look at the giant ecommerce spectacle, by the numbers.
This year's event would feature a performance by Katy Perry, virtual reality shopping and a live-streamed fashion show in Shanghai allowing viewers to pre-order items as they appear on the catwalk.
Ma, one of the world's most successful entrepreneurs, seems proudest that he was happy with little and able to overcame much.
Last week, Didi Chuxing bagged Uber's China business in a deal valuing the ride-hailing startup at $35 billion.
"We passed an important milestone this quarter in achieving higher monetization of mobile users than non-mobile users for the first time," Chief Financial Officer Maggie Wu said.
Questions about Alibaba's growth rate and its relations with affiliated companies have dogged the firm for years.
Echoing that growth, Chairman Jack Ma said Alibaba expects to have 2 billion consumers on its books by 2036, up from 423 million active buyers in 2016.
The company has provided the SEC with information about its accounting for logistics unit as well as operating data from its Singles' Day shopping festival.
The ecommerce company has been dogged for years by accusations that its online shopping platforms were conduits for counterfeiters and critics say it has not done nearly enough to stop the problem.
The U.S.-based International Anti-Counterfeiting Coalition announced on Friday that it would suspend Alibaba's membership, after several IACC member companies quit the group in protest at Alibaba's inclusion.
The total value of goods transacted on its platforms on China retail marketplaces, rose 24 percent.
Yahoo launched an auction of its core business in February.
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Plus, Alibaba reaches a billion-dollar milestone.
A spokesperson said Thursday that the company immediately detected the breach and sent messages to users to change their passwords.
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© 2016 Entrepreneur Media, Inc.