Tag: Xianyu


Alibaba CEO opens up on the future of Taobao

Alibaba CEO opens up on the future of Taobao

The second annual “Taobao Maker Festival” (淘宝造物节) is currently underway in Hangzhou and Taipei. Speaking at the event, Alibaba Group Holding Ltd. (NYSE: BABA) CEO Daniel Zhang (张勇) opened up on the future for the Taobao platform as a multimedia destination and brand-development platform.


User brings lawsuit against 58.com

User brings lawsuit against 58.com

A Beijing-based user brought a lawsuit against 58.com (NYSE: WUBA), China’s leading classifieds conglomerate. The case is currently being tried at the People’s Court of Haidian District in Beijing.


Alibaba raises its stake in Lazada to 83 percent

Alibaba raises its stake in Lazada to 83 percent

Alibaba Group (NYSE: BABA), parent company of used- and new-goods site Taobao and the stuff app Xianyu, continues to shell out billions on the Southeast Asian online shop Lazada.Yesterday, Hangzhou-based Alibaba Group (e-commerce, cloud services and entertainment) announced it would be upping its stake in Lazada from 51 to 83 percent by investing $1 billion U.S. in the business. The deal valued Lazada at $3.2 billion U.S..


China’s legal system turns to Taobao

China’s legal system turns to Taobao

With sister site Tmall.com taking over in terms of gross products moved, and used goods transactions being shuffled off to the mobile platform Xianyu, the future for Alibaba’s (NYSE: BABA) venerable used-and-new platform Taobao seems increasingly symbolic rather than practical. One prominent Taobao client is however China’s legal system, which has found in the platform a valuable third-party infrastructure for the selling off of seized goods. The Xinhua...

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Alibaba joins the used-auto fray with partnership

Alibaba joins the used-auto fray with partnership

The used-goods auction platform Xianyu, long considered a footnote to b-to-b behemoth Taobao, is beginning to spread its wings. With mid-2016 expansion into property, used autos and “valuables” (antiquities and jewelry) showing early success, Xianyu now announced the opening its first offline “experience outlet” for used cars in Hangzhou.


Taobao logo

In positive year for Alibaba, Taobao lags behind

Alibaba Group released its financial results for Q4 and full FY2016/17 to end-March 2017. As for Tencent, which reported earnings earlier this week, all indications were extremely positive for the e-commerce and entertainment giant, as Alibaba’s revenue grew by 56 percent to RMB 158 billion ($22 billion U.S.) in FY2016/17 from FY2015/16, driven by expansion into new sectors.



IPO of Ant Financial may be pushed back to 2019

The planned IPO by Alibaba’s (NYSE: BABA) fintech affiliate Ant Financial has been put on hold until at the least the end of 2018, and even 2019, according to the Financial Times. The move is being held up by the Chinese government, which has to approve all foreign listings of Chinese payments companies.



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