Tag Archives: Alibaba

Bigbasket Says It Has Raised $300 Million in a Round Led by China’s Alibaba

HIGHLIGHTS Bigbasket has raised $300 million from China’s Alibaba It plans to focus on the 30 cities it is in, rather than adding more The company plans to hire more blue collar workers Grocery delivery company Bigbasket confirmed on Friday that it has raised $300 million (roughly Rs. 1,900 crore) in a round led by Chinese e-commerce company Alibaba. This is ... Read More »

Alibaba Caught In China’s Internet Crackdown

Alibaba (BABA) has become the latest Chinese internet stock to fall foul of Beijing’s internet crackdown as regulators ordered it to fix its Taobao service, reports Bloomberg. The news that Alibaba has been caught in Beijing’s attempts to clean up the internet comes ahead of the e-commerce giant’s latest quarterly earnings due out on Thursday morning U.S. time. Barron’s emerging markets blogger ... Read More »

Alibaba, ICICI Bank Partner to Help Finance Trade for MSMEs

ICICI Bank on Monday said it has partnered with Alibaba.com, the leading platform for global wholesale trade, to launch a trade facilitation centre, a single window facility to provide easier trade finance to the small and medium enterprises in India.The collaboration for the centre will enable the Indian entrepreneurs who are members of Alibaba to get quick access to an ... Read More »