Browsing: Alibaba

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End of an era for Web pioneer Yahoo

On Monday, Yahoo’s years-long fight to survive as a standalone company will draw to a close. Verizon Communications will announce plans to buy Yahoo’s core assets for a bit more than US$4,8bn before the market opens, said

News
SoftBank to buy ARM for $32bn in record deal

SoftBank Group has agreed to buy ARM Holdings for £24,3bn (US$32bn; R460bn), securing a slice of virtually every mobile computing gadget on the planet and future connected devices in the home. The Japanese company is offering £17/share in cash

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Tencent leads $8,6bn deal for Supercell

Tencent Holdings, in which South Africa’s Naspers holds an approximately one-third stake, will lead a US$8,6bn acquisition of game maker Supercell, getting its hands on some of the industry’s most popular mobile titles through

In-depth
The incredible story of Alibaba

In 2015, the total value of e-commerce in China was US$603bn. Of that, $485bn, or 80%, went through Alibaba. The scale of the company’s dominance in the country is quite staggering, and speaking at the Consumer Goods

World
China smashes e-commerce record

Internet giant Alibaba broke its own sales record of US$9,3bn during China’s “Singles Day” 24-hour online shopping binge on Wednesday, defying fears of an economic slowdown in the world’s

Andy Marken
Old Hollywood battles the tech upstarts

As long as you don’t think about it too hard, today’s entertainment is great. Think just a little and it’s actually amazing — you can watch it in a theatre; on your television set (old-fashioned pay TV or “over the top” on the Internet); and on your computer, tablet and smartphone

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Kalahari, Takealot to merge

Two of South Africa’s largest online retailers – and longstanding adversaries – have agreed to merge. Kalahari.com, owned by JSE-listed media and e-commerce group Naspers, will be folded into Takealot.com, the e-retailer that recently secured US$100m from investment firm

World
Alibaba feeding frenzy depressingly familiar

Greed is still good. Wall Street has just witnessed its largest ever stock market launch as Chinese Internet giant Alibaba raised some US$25bn and watched its share price rise by 35% on its first day’s trading. It says