To differenitate itself from Taobao.com, Alibaba Group has changed Taobao’s Tmall.com chinese name to 天猫. Tmall is designed
Alibaba makes a call to new frontier – Vietnam Industry reports are available for download from Alibaba
Alibaba Group raises investment spending
Alibaba.com plan for further investment
Alibaba’s Strategic Investment unit head Wei Zhang will dig deep in her investment pocket by committing an additional $200 million to $300 million over the next few years for the group’s expansion.
Ms Zhang, interviewed by Wall Street Journal lately, said the company is looking at investment opportunities in an effort to spreading its wings to other areas such as,mobile Internet, electronic payment.
The Group’s Chief Financial officer Joe Tsai also said, ” we are looking for opportunities that would complement our core business.”
Last month, the company acquired a minority stake in Guangzhou-based UCWEB Technology Ltd., which is specialised in developing web browser for mobile phone.
The investment strategy seems to be pronounced as Ms Zhang and Mr Tsai also spoke of the same direction at the same time.
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A recent boast by Alibaba, China’s biggest e-commerce company, that it will invest US$4.5 billion to transform the country’s logistics business within 10 years, may turn out to be little more than an eye-catching publicity gimmick.Its less prominent decision to raise the fee for membership of its business-to-business (B2B) market last September could prove the real driver to boost profit. “Hopefully within 10 years’ time, anyone placing an order online from anywhere in China will receive their goods within eight hours, allowing for the virtual urbanization of every village across China,” said chairman and chief executive Jack Ma. “In order to achieve this, we will need to establish a modern, 21st century logistics network.”