Cantor Fitzgerald Cuts Price Target on Alibaba (BABA) Following Investor Conference

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Alibaba Group Establishes Sports Group

September 8, 2015 9:23 PM EDT

New Company Aims to Transform Chinas Sports Industry

HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA), announced today it has established Alibaba Sports Group together with Sina Corporation and Yunfeng Capital to transform Chinas sports industry through Internet-enabled technologies.

Alibaba Sports Group will be majority-owned by Alibaba Group. Daniel Zhang, Alibaba Groups chief executive officer, will serve as chairman of Alibaba Sports Group. Zhang Dazhong, the former vice president of Shanghai Media Group, will serve as Alibaba Sports Groups chief executive officer.

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METRO GROUP and Alibaba Group Join Forces to Promote E-commerce in China

September 8, 2015 4:01 AM EDT

The two companies establish strategic partnership to expand their e-commerce endeavors in China METRO GROUP opens cross-border e-shop on Alibaba Groups Tmall Global platform offering German goods to Chinese consumers METRO GROUP and Alibaba Group to explore further collaboration opportunities in sourcing, supply chain and big data

DÜSSELDORF, Germany & HANGZHOU, China--(BUSINESS WIRE)-- METRO GROUP today announced a strategic partnership with the leading Chinese online and mobile commerce company Alibaba Group to promote business in Chinas rapidly growing... More

Alibaba Group Kicks Off Its 2015 11.11 Global Shopping Celebration Plans

September 8, 2015 3:05 AM EDT

Globalization and O2O as key 11.11 themes with star-studded countdown gala to promote the 24 hour shopping day

HANGZHOU, China & SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Today Alibaba Group (NYSE: BABA) kicked off its annual 11.11 shopping festival, named this year as the 2015 Alibaba Group 11.11 Global Shopping Celebration. Created by Alibaba in 2009, 11.11 day now generates more sales than Black Friday and Cyber Monday combined.

At this years 2015 Annual New E-Commerce Entrepreneurship Summit held in Hangzhou, China, Alibaba Group chief executive officer Daniel Zhang announced that globalization and... More

AliCloud Launches New Energy-Efficient Qiandao Lake Data Center

September 8, 2015 3:00 AM EDT

AliCloud-operated data center relies on Qiandao Lake for cooling

HANGZHOU, China--(BUSINESS WIRE)-- AliCloud, Alibaba Groups (NYSE: BABA) cloud computing arm, today announced the launch of an innovative and eco-friendly AliCloud Qiandao Lake Data Center. The new data center, AliClouds eighth globally, is focused on fulfilling the growing cloud and big data business needs of Alibaba Group.

Located near the scenic Qiandao Lake in Chunan County, Zhejiang Province, China, the AliCloud Qiandao Lake Data Center incorporates several technical innovations as well as environment-friendly... More