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Alibaba News Archive

Nine technology companies have each been involved with at least four or five acquisitions/major investments in 2017. These companies were Accenture (with over 20 acquisitions), Alibaba, Alphabet/Google, Apple, Cisco, including AppDynamics ($3.
The car manufacturer is expected to sign a deal that may allow Ford to sell cars in China through Alibaba's online retail arm..
The appeals court revives a lawsuit accusing Alibaba of defrauding shareholders by concealing a regulatory warning about counterfeiters..
Jack Ma, chairman of China's Alibaba, which owns Hong Kong's South China Morning Post, said foreign tech firms wishing to enter the China market should abide by its laws..
Top executives from Alibaba, Tencent and Baidu also attended the forum..
* Alibaba acquired Israel-based personalised QR code start-up Visualead.* French technology consultancy company Altran Technologies bought US design and engineering services firm Aricent from a group of investors, led by KKR, for $1.

Meg Whitman resigns

27 Nov 2017 Columnists
By Paul Booth

* Marvell Technology Group acquired Cavium, a smaller semiconductor rival, for $6 billion.* Alibaba Group made a $2.
The move pits Shenzhen-based Tencent against rival Alibaba Group as they scramble for new growth opportunities outside China. Tencent on Tuesday became the first Asian firm to enter the club of companies with a market value of more than $500 billion, surpassing that of Facebook.
Cloud services have become a crowded and competitive field in China in recent years, with Alibaba Group's cloud unit opening over a dozen overseas data centres since 2016..
Along with Alibaba and Baidu, Tencent has poured billions of cash from a decade of growth in China into buying US firms and holds 5% of electric car maker Tesla, as well as stakes in ride service company Lyft and augmented reality start-up Magic Leap..
The high-tech logistics company is selected as the first South African delegate to join the Alibaba eFounders programme..
* Lenovo Group bought a 51% stake in Fujitsu's personal computer unit for $269 million.* Snap purchased Metamarkets, a tech start-up that will allow it to visualise data more thoroughly.

Open source firm partners with Alibaba Cloud

16 Oct 2017 Software
By Lauren Kate Rawlins

Alibaba will soon list Red Hat products in its cloud marketplace..

Samsung CEO steps down

16 Oct 2017 Columnists
By Paul Booth

* Welltok, a leading consumer health enterprise software as a service (SaaS) company, bought Tea Leaves Health, a leading provider of a SaaS-based analytics and marketing technology platform used by hospital systems to target consumers and physicians with co-ordinated engagement campaigns.* Tencent Holdings made a $400 million investment in Ola, India's rival to Uber.
Jack Ma, chairman of Alibaba Group..
International:* The battle for Southeast Asia's coveted e-commerce market intensifying, with Chinese giants Alibaba Group and rival now scrambling to gain control of the second largest e-commerce player in Malaysia, 11street, a partnership between Celcom Axiata and Korea's SK Planet.

Toshiba, Bain seal deal

2 Oct 2017 Columnists
By Paul Booth

* Alibaba acquired online gaming company Ejoy Technology.* Envestnet, a provider of intelligent systems for wealth management and financial wellness, bought FolioDynamix, a provider of integrated wealth management technology solutions.
An initial public offering by the ride services firm could benefit a broad cross-section of investors, including Alibaba and Tencent..
Google, Apple, Amazon Pay and Alibaba are now far more dangerous than they have ever been for traditional banking institutions..
Tencent has been a relative latecomer among China's largest tech firms to delve into the auto sector. E-commerce giant Alibaba has a joint venture with Shanghai-based automaker SAIC, while Baidu has been developing self-driving cars.

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