Alibaba and Tencent Spend Billions in Race to be China’s One-stop Online Shop

Alibaba headquarters in Hangzhou, China | Source: Reuters

Alibaba and Tencent spent more than $8 billion last year alone backing often strikingly similar ventures, as the Chinese Internet giants race to create online one-stop-shops to win the digital loyalty of a tenth of the world’s population.

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Alibaba Goes Global to Top $5.7 Billion on Singles’ Day

Alibaba headquarters | Source: Reuters

Alibaba Group Holding Ltd. turned an obscure Chinese holiday into the country’s biggest shopping event. Now it’s aiming to take the success of Singles’ Day global by tapping foreign brands, including Calvin Klein and Blue Nile Inc.

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Alibaba’s First Earnings to Test Mettle, Investor Enthusiasm

Alibaba's headquarters in Hangzhou | Source: Reuters

Alibaba Group Holding Ltd’s first full quarterly report card to Wall Street investors on Tuesday will be scrutinized by the hopeful seeking validation for lofty stock price targets and studied by the few skeptics searching for inauspicious signs.

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