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On 22 September 2014, Alibaba's underwriters announced their confirmation that they had exercised a greenshoe option to sell 15% more shares than originally planned, boosting the total amount of the IPO to $25 billion. [34] [35] Alibaba and the underwriters of its IPO were sued in a California superior court in a consolidated class action ...
On March 26, 2024, Alibaba, which holds approximately 64% of Cainiao's shares, said it would acquire the remaining 36% of Cainiao's shares. [2] As of May 2018, Cainiao was one of the largest unicorn companies in China, valued at 100 billion yuan. [3] [4] Cainiao ensures delivery within 24 hours to any region of China.
In 2018, Alibaba launched the streaming service named Alibaba Live. This service was created with the goal of allowing online retailers to market their products utilizing social shopping . [ 28 ] This has seen significant growth in popularity and success, with the 84 stores using this service reporting $7.4 million in 2020 sales. [ 29 ]
Chinese e-commerce giant Alibaba says it does not plan to sell any shares in its one-third shareholding in financial technology company Ant Group because it wants to retain its stake in an ...
The Chinese government may order e-commerce to entertainment giant Alibaba to sell off or cut back its vast array of media assets. In addition to the company’s too-big-to fail status derived ...
The company is facing many challenges, but the long-term outlook is bright
Jack Ma has put off plans to sell hundreds of millions of dollars worth of Alibaba shares after the Chinese tech giant’s stock plummeted last week.
It facilitates small businesses to sell to customers all over the world. AliExpress has drawn comparison to eBay , as sellers are independent and use the platform to offer products to buyers. [ 6 ] As of March 2024, the number of global users of the AliExpress mobile app reached 8.18 million, a 130% year-on-year increase, setting the highest ...
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