Although shares of Alibaba have surged 77% in price from a low in September 2015, many investors are selling the company short, anticipating trouble ahead for the Chinese e-commerce giant, The Wall Street Journal reports. Alibaba, which has posted a string of quarters showing revenue gains, has appealed to investors as a way to profit […]
Category: Tech, Media & Telecom
For China’s 720 million Internet users, websites run by the country’s two biggest e-commerce companies, Alibaba and JD.com, have increasingly become the preferred shopping destinations. From trendy clothing and exquisite accessories to household appliances and the latest tech gadgets, a mouse click can get them almost anything. Now the e-commerce behemoths are going after everyday […]
Ant Financial Services Group, is expanding overseas. The financial affiliate of Chinese online-shopping giant Alibaba is forging partnerships in the US, Europe and Asia, building a global network of merchants that accept its payment services, according to The Wall Street Journal. On Tuesday, it is set to announce a tie-up with the online-payments arm of Thai […]
An online lending firm has paved the way for Uber-style debt collecting services in China by giving the public access to debtors’ personal data. But the move has raised concerns about the potential for abuse of the information, according to the South China Morning Post. Jiedaibao is an online platform launched two years ago to […]
Baidu reported lower-than-expected revenue for the third quarter and its guidance missed expectations as China’s dominant search engine continued to implement stricter standards for its online marketers, The Wall Street Journal reports. The company’s American depositary receipts fell 1.5% to $172.50 in recent after-hours trading Thursday. For the three months ended in September, Baidu – […]