Tag: Alibaba

Alibaba expands into mobile gaming in India with eye on digital payments, e-commerce

Alibaba Group, China’s largest e-commerce company, is expanding into mobile gaming in India, where its mobile browser is the most popular by market share. Hong Kong-listed AGTech Holdings and India-based Paytm, both controlled by Alibaba, will set up a joint venture to introduce Gamepind, a mobile gaming and e-commerce platform, in India, according to a statement …

Alibaba unveils Olympics campaign in first corporate ad push outside China

Chinese e-commerce company Alibaba Group Holding is debuting a global marketing campaign outside China for the first time, the company said on Monday, with the release of Olympic advertisements focusing on underdog stories in countries such as the United States, Britain, South Korea and Japan. The international advertising push, which includes videos featuring the Kenyan ice …

Alibaba to acquire 33pc stake in Ant Financial, clearing the way for Alipay operator’s IPO

Alibaba Group Holding has agreed to acquire a 33 per cent stake in affiliate Ant Financial Services, deepening the e-commerce company’s participation in China’s fast-growing financial technology sector and paving the way for the public listing of the firm that runs payments giant Alipay. Hangzhou-based Alibaba also raised its annual sales forecast on Thursday after posting …

China UnionPay rolls out cash incentives on integrated payment app, ramping up battle with Alibaba and Tencent

China UnionPay is ramping up the marketing on its recently released integrated mobile app, in an attempt to make inroads into a sector dominated by third-party payment services backed by Alibaba Group Holding and Tencent Holdings. Under a promotional campaign that winds down on March 2, participants who download and use the QuickPass app to transfer …