Chinese e-commerce giant Alibaba Group Holding plans to invest 200 million yuan ($29.93 million) to build its Taobao Mall brand, a trade platform between businesses and consumers, as part of efforts to fend off competition from rivals.
Top Chinese e-commerce firm Alibaba.com, plans to buy Vendio Services Inc, making its first major US acquisition to further its strategy of expanding its global footprint.
BEIJING - Chinese e-commerce giant Alibaba Group said on Monday it will invest 5 billion yuan ($732 million) over the next five years in its online payments subsidiaryAlipay.com Co Ltd as part of its effort to maintain its lead over rivals Tencent Holdings and EBay Inc.
Alibaba, China's largest e-commerce company, Monday officially started the operation of its English-language platform AliExpress, in an effort to globalize its brand.
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