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Jack Ma, chairman and chief executive officer of e-commerce giant Alibaba Group Holding Ltd, said on Tuesday he will step down from the CEO post in May and stay on as chairman.

"I will resign as the chief executive officer on May 10, 2013, and will be fully devoted to the chairman job," the 48-year-old Internet veteran said in an e-mail sent to employees.

Ma said that as chairman he will fo
Aliyun and, two cloud computing internet service companies under China's largest internet company Alibaba Group, will be merged as a new company retaining the Aliyun name, reports Chinese IT news website ChinaByte.
CHINA'S largest e-commerce group yesterday reported record transactions of 1 trillion yuan (US9 billion) in the first 11 months of this year, or equivalent to 5.4 percent of the country's total retail sales last year. said its consumer-to-consumer site achieved 800 billion yuan of sales and the business-to-consumer arm Tmall generated around 200 billion yuan. The total f
ALIBABA Group, which generated a massive "11.11" online sales on Sunday, holds a dominant share in the Chinese business-to-consumer (B2C) market, a research firm said yesterday.

Alibaba's Tmall accounted for 45.1 percent of the Chinese market by the third quarter, followed by 360Buy's 17.4 percent and Tencent's 3.5 percent, Beijing-based Analysys International said.

"Alibaba's Tmall expande
Ping An says eyes online insurance JV with Alibaba, Tencent

Ping An Insurance (Group) , Chinese Internet firms Alibaba Group and Tencent Holdings, and other shareholders are forming a joint venture company to sell insurance online, Ping An's chairman said on Friday.
"We will use Alibaba and Tencent's Internet strength to cooperate in the insurance industry,'' Peter Ma said at a press conferen, a leading business-to-business website of the Chinese Internet giant Alibaba Group, was delisted from the Hong Kong Stock Exchange Wednesday., China's largest listed e-commerce company, recorded its lowest quarterly profit in two years, weighed down by a stagnant membership base caused by global economic woes and a shift in business models.

The slump in profit came as the company announced on Monday that shareholders are scheduled to vote in May on the $2.5 billion privatization proposal made by Alibaba Group, which owns
THOUSANDS of small vendors have disrupted online shopping platform Taobao Mall in a protest at higher service charges by buying products from major retailers and immediately demanding refunds.

Vendors were forced...




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