Amazon & Alibaba Trade Blows in War for China’s E-commerce Throne

amazon CEO Jeff Bezos, Alibaba founder Jack Ma

Trade war or not, Amazon intends to challenge Alibaba’s dominance in China’s e-commerce industry. The Jeff Bezos-led company is on a hiring spree in China. Not to be outdone, Alibaba plans to raise up to $20 billion through a listing in Hong Kong. By The war for China’s e-commerce marketplace is heating up, and … Read more

Alibaba May Pursue $20B Hong Kong Listing amid Trade Tension: Report

Jack Ma, Alibaba

By As U.S.-China trade war tensions escalate, Alibaba Group is toying around with the idea of raising $20 billion via a Hong Kong listing, Bloomberg reports citing unnamed sources due to the privacy of the matter. Chinese tech leader Alibaba, of which Jack Ma is the founder and chairman, debuted on the New York Stock … Read more

Alibaba Finally Persuades Name-Squatting Crypto to Stop Mooching its $467 Billion Brand

alibaba, china

The genie is now out of the bottle, and one of the crypto industry’s most bizarre trademark disputes is now over. The ABBC Foundation, which is behind the Alibabacoin cryptocurrency, has conceded the coveted Alibaba brand name to the China-based e-commerce giant of the same name. After many months of battling it out in a … Read more

Amazon’s Flailing China Unit Plots Major Merger to Challenge Alibaba

amazon china alibaba

Talks are underway to merge Amazon’s Chinese venture with NetEase-owned Kaola, according to business publication Caijing. Kaola is a Chinese e-commerce firm which specializes in selling imports. The business publication added that an agreement had been inked late last year amidst difficult negotiations. NetEase is listed on the Nasdaq and boasts a market cap of … Read more

Alibaba’s Blockchain Email Repository Gains Technology from Chinese Open Source Startup

Onchain, an open-source blockchain based in Shanghai, will provide technology for Alibaba’s first blockchain supported email evidence repository. Onchain allows fast re-constructions for public, permissioned (consortium) or private blockchains and will eventually enable interoperability among these modes. Its consortium chain product, the Law Chain, will provide technology for Ali Cloud, Alibaba’s computing branch. Ali Cloud has … Read more