Digital Intelligence

Entries from Digital Intelligence tagged with "alibaba"

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Alibaba partners Pinterest rival to bring social shopping to China

Chinese online shopping giant Alibaba is partnering with community site Mogujie, offering shoppers a more social way to find and buy products online. The deal will see Alibaba’s eTao search engine offer a new social sharing ecommerce platform called eTao Faxian, which means “discover.”

02/04/2012  |  Full story...

Yahoo boardroom turmoil continues: 4 directors to step down

Four longtime Yahoo board members, including the chairman, are leaving the company, as the embattled online media giant aims to turn around its fortunes with a new team at the helm. In a letter to shareholders this week, Yahoo! chairman Roy Bostock said he and three other directors are to step down. The other exiting board members are Vyomesh Joshi, Arthur Kern and Gary Wilson.

09/02/2012  |  Full story...

Google mulling bid for Yahoo?

Google has weighed in to the potential auction of rival Yahoo, allying with private equity players to explore a joint bid for the ailing internet giant, according to a news report. The Wall Street Journal cites a ‘person familiar with the matter’ saying that two private-equity firms and Google are interested in purchasing the "core business" of its rival Yahoo--a move that could put it up against other tech giant, Microsoft, in its bid for the company.

25/10/2011  |  Full story...

Yahoo for sale? Microsoft, News Corp, Alibaba, Silver Lake and Digital Sky named as possible bidders

Rumours of a Yahoo sale have intensified this week, with Microsoft, News Corp and an international conglomerate of Silver Lake, Chinese Alibaba and Russia’s Digital Sky considering bids for the embattled internet media firm, according to news reports. Reuters quotes sources saying that Microsoft is considering a fresh attempt to take control of Yahoo, more than three years after its first bid for the internet business failed.


06/10/2011  |  Full story...

Top 10 global retail and auction sites: Global

Amazon sites reached the largest global audience with more thanm 282 million visitors in June 2011, or 20.4% of the worldwide internet population. eBay followed closed behind with a 16.2% market reach.

Top 10 global retail and auction sites: Global. Amazon sites reached the largest global audience with more thanm 282 million visitors in June 2011, or 20.4% of the worldwide internet population. eBay followed closed behind with a 16.2% market reach.

27/09/2011  |  Full story...

Alibaba takes on Baidu with Chinese search engine eTao

Alibaba has launched a new search engine called eTao, as China's largest e-commerce company looks to take on Baidu in the search market. Alibaba has launched its search engine called after a beta trial last year. Alibaba's eTao site has been designed primarily as a shopping search engine, allowing users to query for products and group-buying deals. But the site also allows users to search for general web pages as well. eTao's market share, however, is so small that research firms don't list it.


14/09/2011  |  Full story...

eBay plans China and Japan shopping spree

EBay is looking at acquisition opportunities in Japan and China, as the online marketplace looks to expand in the lucrative Asian markets. Asia is expected to become the growth engine in the coming years with around one-third of global sales coming from there. eBay Inc expects sales from greater China to grow 30-40 per cent annually from about $4 billion in 2010.


02/09/2011  |  Full story...

Top 10 global retail sites: Amazon accounts for 1 in 5 of all web visits

In terms of retailers, Amazon sites reached the largest global audience with more than 282 million visitors in June, or 20.4% of the worldwide Internet population, according to new research. The study, from comScore, found other top brands included eBay, which reached 16.2 percent of global Internet visitors, China’s Corporation (11.3 percent reach), Worldwide Sites (9.7 percent reach) and Japan’s Rakuten Inc. (4.2 percent reach).


22/08/2011  |  Full story...

China: Alibaba restructures online retail giant Taobao

Alibaba Group plans to split its online retail operation TaoBao into three separate companies- a move which could hinder Yahoo’s plans to invest further in the company. The move looks likely to prevent a public listing of Taobao, an option that was expected to see Yahoo, an investor in Alibaba, see an increase in the value of its investment.


17/06/2011  |  Full story...

Yahoo 'reaches deal' with Alibaba over Alipay dispute

Yahoo! has reached an agreement with China’s Alibaba over online-payment business Alipay, Reuters reported, citing people close to the matter. In recent weeks, Yahoo, the biggest shareholder of Alibaba Group, has been negotiating with the Chinese company over the loss of Alipay.

The news agency reports that Yahoo has now resolved a dispute with partner Alibaba Group over the Chinese company's transfer of its prized online payments unit to its CEO Jack Ma, citing 'two sources close to the matter'.


01/06/2011  |  Full story...

Online payments on China: Yahoo and Alibaba try to mend ties

Yahoo and Alibaba Group issued a joint statement on Sunday, as the two companies look to resolve a dispute over a Chinese online payment service. Last week it was revealed that Alibaba Group had transferred ownership of its popular online payment service Alipay to a Chinese company controlled by Alibaba Group CEO, Jack Ma. Yahoo has a 43 percent stake in Chinese e-commerce giant Alibaba Group. But the two companies have had a rocky relationship in the past.


16/05/2011  |  Full story...

Yahoo shares show stock sensitivity for China market strategy

Stock market analysts marked down Yahoo this week on news that the strategy for China was unclear. Shares fell 7% in a day when the portal stated it was "engaged in ongoing discussions" about the future of its stake in Alibaba. This came after the Chinese ecommerce business sold control of its Alipay payment platform to a firm with a majority ownership by its CEO Jack Ma. The transfer of ownership seems likely to be a result of incoming regulations about Chinese internet firms and the market reaction typifies both the current risks facing internet stocks in China and uncertainty over the future of non-Chinese brands.


13/05/2011  |  Full story...

China search giant Baidu shuts ecommerce site Youa… but builds a new one?

Chinese search engine Baidu is shutting down Youa, its e-commerce subsidiary, giving existing merchants have one month to migrate to either Rakuten China or Yaodian 100. WSJ reports that Baidu is believed to be secretly building a new e-commerce platform which will better leverage its search engine technology, but the paper revealed no further details. The shutdown will take effect in May and Youa's existing merchants will be migrated to Rakuten China and Yaodian100, Baidu said in a statement.


06/04/2011  |  Full story...

Yahoo takeover bid rumours: AOL and News Corp named as suitors

Yahoo’s shares rose 11% yesterday on the back on speculation that the struggling online media giant is the object of a takeover attempt, with both AOL and News Corporation in the running as possible bidders. Reuters reports that several private equity firms have approached Internet and media companies including News Corp and AOL to gauge their interest in buying out Yahoo.

The news agency quoted a source ‘with knowledge of the approaches’ as saying a potential deal would be contingent on Yahoo selling its lucrative Asian assets, including a 40% stake in China's Alibaba Group and 34.5% of Yahoo Japan.


15/10/2010  |  Full story...

Bing takes on Baidu, partners Chinese retail giant for search push

Microsoft has partnered with China’s largest online retailer, using Bing to power the web results for its new shopping search engine Etaosite. Taobao, which is a part of e-commerce giant Alibaba Group, launched Etao as a public beta version, calling it a shopping search engine.

The site also offers a range of search categories, including general web results that are powered by Bing. Microsoft already has a Chinese version of its Bing search engine, also still in its beta version, but it currently holds an extremely small share of the search engine market at less than one percent, according to Beijing-based research firm Analysys International.


13/10/2010  |  Full story...

Yahoo under fire from own Chinese affiliate network after cyber attack claim

Yahoo has claimed to become another victim of cyber–attacks in China, losing support from its own affiliate network Alibaba in the process. Last week Google issued a surprise challenge to the government in Beijing, threatening to pull out of China, after it suffered sophisticated cyber attacks on its network.Now its US rival, Yahoo, has been pulled into the dispute. Yahoo said that like Google, it too, had been a target of similar attacks in China.

Yahoo said it supported Google's position that the cyber attacks were deeply disturbing, and that violation of internet privacy should be opposed. But Yahoo's decision to support Google prompted its own partner in China, Alibaba, in which Yahoo owns a 40% stake, to call the move "reckless".



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