Alibaba’s Investment Improves Intime’s Funding Position

The author is Fitch Ratings associate director Michelle Leong Alibaba Group’s investment in Intime Retail (Group) Co. will strengthen Intime’s capability to expand its O2O (online-to-offline) business, while providing long-term funding source for the company’s on-going expansion needs.

Counting Jack Ma’s $5B Shopping Spree In 2014

So, how is your 2014 going? For Jack Ma, the past five months were one crazy shopping spree. The 49-year-old billionaire founder and executive chairman of Alibaba Group has been involved in eight major deals with a tally of close to US$5 billion. That’s equal to writing a check of around US$1 billion every month. And, we didn’t count the small peanuts like the US$15 million Alibaba invested in U.S. luxury e-commerce firm 1stdibs, or the US$20 million it co-invested …

Alibaba To Acquire Full Control Of UCWeb

Hangzhou-headquartered Chinese e-commerce giant Alibaba Group Holding says it would acquire the remaining stake of mobile-browser company UCWeb it doesn’t already own for an undisclosed amount, according to Alibaba’s official Weibo account.

Alibaba Invests $120M In Mobile Gaming Firm Kabam

San Francisco-based mobile game developer Kabam Inc. says it has entered into a strategic collaboration with China’s Alibaba Group to publish popular Kabam mobile games in China across Alibaba Group’s mobile applications including Mobile Taobao and messaging app Laiwang, according to a company announcement made by Kabam.

Alibaba’s Debut Could Become The Biggest IPO Globally Ever

China’s e-commerce giant Alibaba Group has priced its U.S. IPO at US$68 per share, much higher than its initial price range of US$60 to US$66 apiece, raising a total of US$21.8 billion in a New York Stock Exchange debut, if not counting proceeds from over-allotment options. This will make the float the third largest IPO in the world. If the over-allotment options are exercised in full, Alibaba’s IPO could reach US$25 billion, and become the biggest ever IPO globally.

Alibaba Approved To Establish Its Own Bank

Alibaba Group Holdings is to establish a commercial bank in its home base of Hangzhou, Zhejiang province, after the China Banking Regulatory Commission approved its application, according to a notice posted on the Chinese banking regulator’s website. Having its own commercial bank will afford Alibaba greater control over many of its key services, including online payment and wealth management products.

Alibaba To Invest $457M In Beijing Shiji Information Technology

Hangzhou-based Chinese e-commerce giant Alibaba Group Holding Ltd. has agreed to acquire a 15% stake in Shenzhen-listed Chinese hospitality technology provider Beijing Shiji Information Technology Co., Ltd. for RMB2.81 billion ($457 million), according to a regulatory filing to the Shenzhen Stock Exchange. This is the first major investment announced by Alibaba after its record-breaking US$25 billion New York IPO over a week ago.

Alibaba Invests $50M In App Maker Peel

Hangzhou-based Chinese e-commerce giant Alibaba Group Holdings Ltd. has invested US$50 million in U.S. app maker Peel, according to media reports. Alibaba, which just completed the world’s largest IPO last month raising US$25 billion on the New York Stock Exchange, previously invested US$5 million last year in one of the start-up’s four previous venture funding rounds.

Alibaba Launches Ant Financial To Better Serve Small Enterprises

Alibaba Group Holding Ltd.‘s financial services arm, Ant Financial Services Group, has been officially established, according to a company announcement. Formerly known as Small and Micro Financial Services Company, the company initiated its formation process in early 2013. It is comprised of Alipay, Alipay Wallet, Yu’e Bao, Zhao Cai Bao, Ant Credit and MYbank, which is currently being established.

Alibaba Group Re-Brands Taobao Travel To Alitrip

Hangzhou-based Chinese e-commerce giant Alibaba Group Holdings Ltd. says its online travel business, Taobao Travel, will become an independent business and be re-branded as Alitrip, according to a company announcement. Like Taobao Marketplace, and Juhuasuan, Alitrip will be another marketplace platform under Alibaba Group with a new independent web domain “This initiative is part of our…vision to diversify the company’s products and services and become central to the everyday lives of consumers,” says Li Shaohua, general manager of …

Alibaba’s Ant Financial Participates In $12M Series B In V-Key

California-headquartered mobile security and cryptographic technology firm V-Key Inc. says that it has received US$12 million series B financing from freshly established Ant Financial Services Group, the financial services arm of Alibaba Group Holding Ltd., according to a company announcement. An existing investor, venture capital firm IPV Capital, also participated. The company says it will used the proceeds to pursue global expansion and further strengthen their technology offerings.

Jack Ma, Tencent Lead $588M Investment In Huayi Brothers

Shenzhen-listed movie, television and music production firm Huayi Brothers Media Corp. plans to raise RMB3.6 billion (US$588 million) by issuing 145 million shares at RMB24.83 per share to four Chinese institutions in a private placement deal, according to a securities filing. Hangzhou Ali Venture Investment Co., Ltd., an entity 80% controlled by Alibaba Group Holdings’ founder Jack Ma, with the other 20% held by Alibaba co-founder Xie Shihuang, will subscribe 61.7 million shares for a total of RMB1.53 billion.

Shanghai CBN, Ant Financial To Invest In Hundsun For Financial Data Play

Hangzhou-based Chinese financial software company Hundsun Technologies Inc. says it has signed an agreement with three strategic investors to inject RMB390 million (US$63.5 million) into one of its subsidiaries, with the hope to develop it into a leading financial data services firm in China, according to a securities filing. The three investors include financial media firm Shanghai China Business Network Co. Ltd., Ant Financial Services Group, the financial services arm of Alibaba Group Holding Ltd., and an investment firm controlled …