Tag Archives: alibaba

US brands suffer collateral damage in Chinese corporate war

In this April 16, 2018, photo, computer screens display Alibaba's e-commerce website in Beijing, China. Executives tell AP their companies were punished by Alibaba after they refused to enter exclusive partnerships with the Chinese e-commerce giant. Traffic to their Tmall storefronts fell, hurting sales, as they fought for fair access to a $610 billion Chinese online marketplace. Alibaba says it offers perks for exclusivity but has never punished anyone. (AP Photo/Ng Han Guan)

SHANGHAI — It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba’s Tmall, thanks to the e-commerce giant’s massive reach. But executives soon learned ...

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Alibaba drops second straight day

Alibaba’s shares dropped about 9 percent on Thursday after the Chinese e-commerce powerhouse reported holiday-quarter revenue that surged 40 percent but missed analyst expectations. It was the second day of stock decline following news Wednesday that the Chinese government had ...

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Revenue up, net income down for Alibaba

(AP) Alibaba’s financial results in its first quarter as a publicly traded company highlight its strategy of plowing its profit back into investments, particularly in mobile commerce and marketing. The Chinese e-commerce powerhouse said net income fell 39 percent in ...

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