Tag Archives: Alibaba.com
Alibaba Buys Back Stake From Yahoo! For $7.1 Billion
Yahoo! is selling half of their stake in the Alibaba Group back to them for $7.1 billion and most of the sales proceeds will be to their own shareholders. The discussions between Alibaba and Yahoo! has been ongoing for the last 2 years. Yahoo! bought 40% in Alibaba for $1 billion in 2005. Yahoo! will sell half of that stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock.
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Categories AliBaba, Alibaba Group, Alibaba.com, Jack Ma, Ross Levinsohn, Tim Morse, Yahoo!
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Yahoo! To Sell Stake In Alibaba For $7 Billion
Yahoo! is getting ready to sell their stake in Chinese e-commerce company Alibaba.com according to AllThingsD. The deal could be announced as of this Monday. Yahoo! will sell 40% of their stake in Alibaba for $7 billion. After paying taxes, Yahoo! will spend almost all of that money on stock buybacks. Alibaba agreed to move towards an IPO after the transaction is completed. As part of the IPO, Yahoo! will sell a quarter of their remaining stake in the company while still owning 10%. The negotiations have been led by Yahoo! CFO Tim Morse. The new board has to agree to the terms of the deal.
Categories AliBaba, Alibaba Group, Alibaba.com, Tim Morse, Yahoo!
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Alibaba To Launch Mobile and Tablet Operating System Called Aliyun
Chinese e-commerce website Alibaba.com plans on launching their own mobile operating system called Aliyun OS. The Aliyun OS will be on the K-Touch K700 phone. The Aliyun OS will eventually be added to tablets later this year too. Aliyun has been in development over the last three years. Aliyun will support GPS, contacts, SMS storage, photos, etc. Third party developers will also be able to develop cloud apps over their own servers or utilize AliCloud’s infrastructure. [Penn-Olson]
Categories AliBaba, Alibaba Group, Alibaba.com
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Groupon Launches In China Under The Name Gaopeng.com
Groupon has launched in China under the name Gaopeng.com. The website will initially cover Beijing and Shanghai. Tencent Holdings and Yunfeng Capital are investors in Gaopeng. Yunfeng Capital is a private equity fund started by Alibaba.com Chairman Jack Ma. Some of Gaopeng.com’s competitors include Lashou.com and Meituan.com. [Bloomberg]
Categories AliBaba, Alibaba Group, Alibaba.com, Gaopeng.com, Groupon, Groupon.com, Jack Ma, Tencent, Tencent Holdings, Yunfeng Capital
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Alibaba.com Spending $4.5 Billion On A Network Of Warehouses
Alibaba.com Limited (HKG:1688) is planning to spend $4.5 billion to set up a network of warehouses across China. The investments will be made in about 3-5 years. Yahoo! Inc. (NASDAQ:YHOO) owns about 40% of Alibaba.com and it is one of their best investments to date. Alibaba.com has about a 75.2% stake in the e-commerce market in China.
Categories AliBaba, Alibaba Group, Alibaba.com, Yahoo!
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Alibaba.com and Microsoft Partner On New Search Engine Called Etao
Alibaba.com Limited (HKG:1688) and Microsoft Corporation (NASDAQ:MSFT) have partnered with each other to create a new website called Etao. Yahoo! Inc. (NASDAQ:YHOO) owns about 40% of Alibaba.com. Etao has the potential to be a major competitor to Baidu Inc. in China. Etao would also drive traffic to Alibaba’s retail website Taobao.com.
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Categories Alibaba Group, Alibaba.com, Etao.com, Microsoft Corporation
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Alibaba Says They Have “Moved On” From Talks With Yahoo! About Selling Stake
Alibaba.com Limited (HKG:1688) said that they have “moved on” from talks with Yahoo! Inc. (NASDAQ:YHOO). Essentially Alibaba wanted to buy back stake in their company that Yahoo! owns. But both parties have failed to reach an agreement this year.
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Categories AliBaba, Alibaba Group, Alibaba.com
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Alibaba.com Plans To Promote Wholesale Products On eBay
Alibaba.com Ltd. CEO David Wei said that the company is working on a new business strategy where clients can sell wholesale products world-wide to online e-commerce services like eBay.com.
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Categories AliBaba, Alibaba Group, Alibaba.com, David Wei, eBay, Jack Ma
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Alibaba Wants To Buy Back 40% Ownership By Yahoo!
Chinese e-commerce service Alibaba.com management execs revealed that they want to buy back 40% ownership in their own company that is held by Yahoo! Inc. (NASDAQ:YHOO). After that Alibaba Group wants to get listed on the mainland China stock exchange.
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Categories AliBaba, Alibaba Group, Alibaba.com, Yahoo!
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Alibaba Founder Jack Ma Launches Chinese Venture Fund
Jack Ma, the chairman of B2B trading website Alibaba.com Ltd. (1688.HK) and Target Media Holdings Ltd. founder Yu Feng have teamed up to start a private equity firm to invest in Chinese IT companies. Yun Feng Capital, the name of the new venture company, will have a value of about CNY10 billion ($1.48 billion). Ma is making the investments personally. Yahoo! Inc. (NASDAQ:YHOO) owns 39% of Alibaba Group.