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Tag: Alibaba Group

Sources, Retail News, ET Retail

New Delhi, Digital payments major Paytm is looking at raising another round of funding of USD 1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron, according to sources. Sources close to the development said the discussions are on and might take a few weeks to get finalised. They …

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Nitin Gadkari, Retail News, ET Retail

New Delhi: The government is in talks with the country’s largest public sector lender State Bank of India (SBI) to jointly run an e-commerce portal for marketing of products manufactured by micro,small and medium enterprises (MSMEs) in the country. MSME Minister Nitin Gadkari on Thursday said that he is to meet SBI Chairman next month …

Nitin Gadkari, Retail News, ET RetailRead More

Alibaba in solid Hong Kong debut, trades at small premium to New York, Retail News, ET Retail

By Kane Wu and Scott Murdoch HONG KONG, – Alibaba Group‘s Hong Kong shares made a solid debut on Tuesday, trading 6.9% higher than their issue price and at a small premium to pricing in New York after marking the world’s largest stock sale this year. The Chinese e-commerce giant has raised at least $11.3 …

Alibaba in solid Hong Kong debut, trades at small premium to New York, Retail News, ET RetailRead More

Alibaba to pay banks up to $32.3 mln in fees for Hong Kong listing, Retail News, ET Retail

By Scott Murdoch Alibaba will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators. The Chinese e-commerce giant employed two co-sponsors, China International Capital Corporation (CICC) and Credit Suisse , to head the deal …

Alibaba to pay banks up to $32.3 mln in fees for Hong Kong listing, Retail News, ET RetailRead More

Snapdeal joins International Trademark Association, Retail News, ET Retail

New Delhi: E-commerce marketplace Snapdeal on Tuesday said it has joined International Trademark Association (INTA) as part of its efforts to support protection of intellectual property on online marketplaces. INTA is a global association that has more than 7,200 members across 187 countries. Its existing members include marketplaces, like Alibaba, that have implemented many IP …

Snapdeal joins International Trademark Association, Retail News, ET RetailRead More

Alibaba will raise up to $12.9 bln in Hong Kong listing -sources, Retail News, ET Retail

By Scott Murdoch HONG KONG, – Chinese e-commerce giant Alibaba will raise up to $12.9 billion in its Hong Kong secondary listing, pricing its shares at a 2.8% discount to their last closing price in New York, two sources with direct knowledge of the matter said. The company has given guidance to prospective institutional investors …

Alibaba will raise up to $12.9 bln in Hong Kong listing -sources, Retail News, ET RetailRead More

What is Alibaba, China’s e-commerce giant?, Retail News, ET Retail

Shanghai, Nov 15, 2019 -Formed in the Hangzhou flat of co-founder Jack Ma in 1999, Alibaba has ridden the seemingly insatiable Chinese appetite for online shopping to become one of the world’s most valuable companies. On Friday, the US-listed company confirmed plans to add its value further, but listing additional shares in Hong Kong in …

What is Alibaba, China’s e-commerce giant?, Retail News, ET RetailRead More

SoftBank’s Paytm top-up to come with riders, Retail News, ET Retail

MUMBAI: Japan’s SoftBank has laid down new terms and conditions as part of the latest financing round in digital payments player One97 Communications, which runs Paytm, two people familiar with the deal said. SoftBank Vision Fund (SVF), an existing investor in Paytm, is learnt to have stipulated that the company should go public within five …

SoftBank’s Paytm top-up to come with riders, Retail News, ET RetailRead More

Alibaba praises Hong Kong at start of retail campaign for $13 bln listing, Retail News, ET Retail

By Scott Murdoch HONG KONG, – Alibaba Group Chairman Daniel Zhang said Hong Kong’s “future is bright” as the ecommerce giant kicked off the retail campaign for its secondary listing in the city gripped by increasingly violent protests and recession. In a first for the Asian financial hub, Alibaba said the listing would be fully …

Alibaba praises Hong Kong at start of retail campaign for $13 bln listing, Retail News, ET RetailRead More

Alibaba’s Jack Ma says Singles’ Day shopping results miss expectations, Retail News, ET Retail

Alibaba co-founder Jack Ma said on Wednesday results from the Singles’ Day annual online shopping festival had missed the Chinese e-commerce giant’s expectations. Launched in 2009, Singles’ Day has become China’s version of U.S. online sale event Cyber Monday, which follows America’s Thanksgiving holiday. Analysts monitor sales on Singles’ Day to gauge consumer sentiment in …

Alibaba’s Jack Ma says Singles’ Day shopping results miss expectations, Retail News, ET RetailRead More