Thursday, 28 May 2020

Tag Archives: Alibaba Group

Alibaba hires more banks on up to $15 billion listing

HONG KONG: Alibaba has extended its investment banking syndicate as it works towards a $10 billion to $15 billion listing in Hong Kong at the end of the month, according to three sources with direct knowledge of the matter. The online Chinese retail giant has appointed Citigroup, JP Morgan and ...

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Alibaba to buy Kaola unit from NetEase for $2bn

Alibaba Group Holding Ltd has agreed to pay $2 billion in cash to buy Chinese e-commerce firm Kaola, local news outlet Caixin reported. Kaola, owned by Nasdaq-listed NetEase Inc, sells apparel, household appliances and other products, and is the biggest among Chinese shopping sites selling imported goods. Both Alibaba and ...

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At Alibaba’s Futuristic Hotel FlyZoo, Robots Deliver Food, Towels

HANGZHOU: Gliding silently through Alibaba Group Holding Ltd’s futuristic “FlyZoo” hotel, black disc-shaped robots about a metre in height deliver food and drop off fresh towels. The robots are part of a suite of high-tech tools that Alibaba says drastically cuts the hotel’s cost of human labor and eliminates the ...

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Alibaba founder expresses interest in Pakistan’s e-commerce sector

DAVOS: Chairman Alibaba Group Jack Ma met Prime Minister Nawaz Sharif on Wednesday and expressed his interest in investing in Pakistan’s e-commerce sector. “We are ready to invest for establishing an e-commerce platform in Pakistan,” said Ma while meeting the premier on the sidelines of the World Economic Forum in ...

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