The International Anti Counterfeiting Coalition or IACC has announced that global e-commerce major Alibaba is set to become its member. Jack Ma, who founded Alibaba Group in 1999 and built it to become the global leader in e-commerce, and the premium gateway for international brands to China, is scheduled to speak at the keynote session … Read More →
To help the Chinese ecommerce giant to buy stakes in Chinese and overseas companies, Alibaba Group Holding has signed a deal for a $3 billion five year loan. As per a Reuter report, Jack Ma led Alibaba has been expanding in areas beyond its core ecommerce base, following slowdown in its online shopping business. In … Read More →
Luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a US judge to be relieved of the obligation to mediate, which they say looks futile after Alibaba founder Jack Mawas quoted in a magazine as saying he would rather lose the case than settle. Gucci, Yves Saint Laurent and other brands held … Read More →