Two co-founders of mainland e-commerce giant Alibaba Group are reported to have purchased a pair of luxury apartments in a posh part of Hong Kong’s southern district for a total of HK$560 million ($71.5 million), according to an account in… Read More>>
Alibaba Offline Deals Roll on With $744M Investment in Wanda Film
Alibaba Group has closed on its acquisition of a RMB 4.68 billion ($744 million) stake in Wanda Film to become the film company’s second largest shareholder, following through on an agreement signed in early February. The move came just days… Read More>>
Alibaba Expands Offline Empire With RMB 5.5B Investment In Furniture Retailer
E-commerce giant Alibaba continues to assemble its offline retail empire by expanding into home furnishings. Just before China’s lunar new year holiday the tech behemoth invested approximately RMB 5.45 billion ($866 million) for a 15 percent stake in Easyhome (居然之家),… Read More>>
Alibaba and State-Backed Partner Take $1.2B Stake in Wanda Theatre Business
Dalian Wanda Group is selling a nearly 13 percent stake in its 500 domestic movie theatres to Alibaba Group and a state-backed firm for RMB 7.8 billion ($1.24 billion), as Wang Jianlin offloads another piece of his property-to-entertainment conglomerate.
Under… Read More>>
Did Jack Ma Just Spend $193M on a Hong Kong Home?
Alibaba’s Jack Ma may be the hero of Hangzhou, but following his company’s $25 billion IPO last year, the Chinese tech giant appears to have picked up a pied-a-terre in Hong Kong.
Ma is reported by the South China Morning… Read More>>
Alibaba’s Jack Ma Buys 28,100 Acre New York Estate
Chinese has already become famous for its wealthy buyers of overseas homes, and now one of its most famous billionaires has purchased a 28,100 acre (11,371 hectare) estate in New York that formerly belonged to the Rockefeller family.
Jack Ma,… Read More>>
Alibaba Aims to Quintuple Its China Warehouse Space in One Year
A logistics provider belonging to the Alibaba group plans to add about four million square metres of new warehouse space to the one million that it already owns by the end of 2016 as China’s biggest ecommerce player pushes to… Read More>>
Jack Ma’s Big Mouth Helps Make Wang Jianlin China’s Richest Man
Alibaba’s Jack Ma seems to have decided that name-calling was the best response to a critical report by a Chinese regulator this week, and the resulting fallout helped rival billionaire Wang Jianlin, return to his former perch as China’s richest… Read More>>
Wanda Takes Aim at O2O Prize with Buy of Online Payment Provider
Fresh off of a $3.7 billion Hong Kong IPO, China mall developer Dalian Wanda is attempting to put some of its new cash to work in the world of ecommerce.
The owner of China’s biggest chain of malls – with… Read More>>
Will Wanda’s Two December IPOs End Jack Ma’s Reign as China’s Richest Man?
Billionaire Wang Jianlin’s Dalian Wanda Commercial Properties won approval this week for a $5 billion initial public offering later this month, and the Hong Kong listing of the Chinese real estate firm could reshuffle the ranks of China’s mega-rich.
The… Read More>>
