Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Using a combination of word-of- mouth and advertising, Alibaba Group Holding Ltd. is tapping the millions of Chinese outside its homeland from Singapore to San Francisco to accelerate global expansion.
BEIJING, China — Part-way through Alibaba Group Holding Ltd's long-awaited IPO prospectus was a subtle, but striking, warning: investors should know that lead founder and executive chairman Jack Ma might work against the company's best interests.
SHANGHAI, China — Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion.
HONG KONG, China — Alibaba Group Holding Ltd is considering a shareholding structure that would allow its founders and senior management to retain control over the board after the Chinese e-commerce firm goes public, people familiar with the matter said on Friday.
HANGZHOU, China — Billionaire Jack Ma, founder of Alibaba Group Holding Ltd., said “the next five years are the golden age for e-commerce” in China, which has more online shoppers than the U.S. The value of its online retail transactions is projected to double to $411 billion by 2015.