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Tag Archives: e-commerce

China 2011 online payments surpass 780 bln yuan

China online cart

HANGZHOU, March 1 (Xinhua) — China’s e-commerce continues its rapidly expansion as online sales turnover in 2011 surpassed 780 billion yuan (124 billion U.S. dollars), a year-on-year increase of 66 percent, according to a report released Thursday. The report shows that e-business has supported the country’s social development through reducing production costs, increasing employment opportunities and accelerating industrial transformation. The ... Read More »

Privatizing Alibaba Group’s B2B sector “adds flexibility”

alibaba office

BEIJING, Feb. 23 (Xinhuanet) — Alibaba Group Holding Ltd’s bid to privatize its Hong Kong-listed business-to-business arm, Ltd, could help the company retune its operating strategy and add flexibility to ongoing negotiations with Yahoo Inc, said analysts. “Privatizing Alibaba Group’s B2B sector is one of the steps for the company to build a more efficient and cooperative e-commerce platform,” ... Read More »

Market betting that Alibaba privatisation will be successful


The Alibaba Group offers up to $2.5 billion to take its Hong Kong-listed B2B trading platform private, four years after the company went public. The market gave a thumbs up yesterday to Alibaba Group’s proposal to privatise its Hong Kong listed business-to-business (B2B) unit a little more than four years after it went public. Or how else does one ... Read More »

Wal-Mart to take majority stake in China e-commerce firm

O Qingdao Wal-Mart

(Reuters) – Wal-Mart Stores Inc said on Monday it is taking a controlling stake in Chinese e-commerce firm Yihaodian, as the world’s largest retailer seeks new revenue sources to fend off rising competition in the world’s fastest-growing major economy. The move comes two weeks after Wal-Mart announced the appointment of industry veteran Greg Foran as head of its China operations, capping a ... Read More »