Problem started back in May when Yahoo disclosed to the SEC that Alibaba had transferred 100% of its ownership of Alipay to a new company controlled by Alibaba CEO Jack Ma.
Thursday, August 4, 2011
Alipay relaxed as Yahoo and Alibaba reached to Agreement
Thursday, August 4, 2011
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Problem started back in May when Yahoo disclosed to the SEC that Alibaba had transferred 100% of its ownership of Alipay to a new company controlled by Alibaba CEO Jack Ma.
Sunday, July 31, 2011
Alibaba Mobile OS Aliyun & K-Touch Cloud-Smart Phone W700
Sunday, July 31, 2011
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Alibaba subsidiary Alibaba Cloud Computing unveiled the Aliyun OS on Thursday July 28, 2011, and displayed a Chinese-manufactured smartphone using the Linux-based operating system. As per the sources this phone will be available in Chinese makrets by the end of July, 2009 at estimated cost of 2,680 yuan (US$416). A tablet (AKA APAD in China) running the Aliyun is also expected to be launched in China later this year.
Competitive Advantage of Aliyun over Android & Apple iOSThe Aliyun OS not only can run Android apps, but it can also run Web-based apps built with HTML 5 or JavaScript. This feature will allow Alibaba and third-party developers to more easily deliver online products to devices using the operating system without having users to download any software, said Wang Jian, president of Alibaba Cloud Computing.
Baidu China Ad Sales Surpassed Expectations
According to bloomberg, Net income climbed to 1.63 billion yuan ($252.6 million), or 4.67 yuan per American depositary receipt, compared with 837.4 million yuan, or 2.4 yuan, a year earlier, Baidu said today in a statement. That exceeded the 1.5 billion yuan average of 12 analysts' estimates.
Tuesday, July 12, 2011
AliPay go Mobile with Mobile Barcode Payments
Tuesday, July 12, 2011
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How Alipay on Moble Phones works?
So far iPhone, Android and Nokia apps have released new mobile barcode payments feature for their handsets. Customers with iPhone, Android or Nokia phone need to install AliPay app on their phone first.
Sellers can easily accept the payments by just scanning through the barcode generated on their customer's cell-phone in one of two ways:
1. with the camera of their own smartphone (through their own AliPay account) or,
2. with the barcode scanning gun attached to their cash register.
isnt' it simple? ;)
To make it easier, Alipay did not want customers and shop-keepers to buy extra equipements and made it work with existing systems working all over China. At the moment, AliPay is aiming this at small shops, who need only to register (for free) to put the service into action.
With this system Alipay believe that they can get a bigger share from small businesses in China. They also have plans to make it even simpler and accessible and grow from small retailers to large transactions in future by integrating credit/debit cards using point-to-point terminals.
Shoppers can use funds contained just in their AliPay account, or on any debit or credit cards that they might have connected to it. The shopper will need to have internet access on their phone, by wifi, or 2G/GPRS or 3G.
Yahoo! Drops On Alibaba Fraud Arrests
The fraud spanned several Web sites, not just Alibaba, and involved creation of multiple fake personal and business accounts. The fraudsters were able to take $6.6 million in payments and then never delivered the goods, according to remarks Chao cites by Alibaba Group representatives.
The company said it fired some employees who colluded with sellers creating fraudulent listings.
Buying Trend of Alibaba's 1 Million UK Members
Wide range of products have been shared by Alibaba. Some of the statistics are as follows
- purchases in UK as per the data:
- Machinery - 10.7%
- Minerals - 5.8%
- construction - 5.6%
- Clothing - 5.1%
- Computer products - 3.2%Electrical products - 3.0%
As per the stats every 1 out of 3 Alibaba members in the Europe are from the UK, which means there are another 2 million Alibaba customers spread across Europe. China is where the lions share of UK Alibaba purchases are made, but there's a growing number of UK suppliers on Alibaba which now account for 4% of purchases – Domestic UK purchases are now ahead of those from Hong Kong (3%).
Microsoft Partners with Baidu
The agreement will let Baidu users see English search results generated by the U.S. company's Bing technology to users in China, Viola Wang, a spokeswoman at Microsoft's MSN venture in China, said by phone today. A service jointly offered by the companies will start this year, Baidu said in an e-mailed statement today.
Baidu, based in Beijing, is expanding outside its main business of Chinese-language search, after fending off Google in China. Microsoft, which is gaining users for Bing in the U.S., is building on its partnership with Baidu after ending a search- engine agreement with China's Alibaba Group Holdings Ltd.
“This is not good news for Google," said Jake Li, who rates Baidu shares "accumulate” at Guotai Junan Securities in Shenzhen. Most Chinese Internet users currently prefer Google's English-language search results over Baidu, whose service will be improved by the partnership with Microsoft, he said.
Google declined to comment.
Google, owner of the world's most popular search engine, accounted for 19.2 percent of China's search market by revenue in the first quarter, down from 19.6 percent three months earlier, according to research firm Analysys International. Google's figures includes revenue generated from its local sites and international services, according to Analysys.
Market-Share Losses
Increased demand from Chinese companies marketing on international websites such as the English-language Google.com helped Google post increased revenue in China in 2010, Daniel Alegre, president for Asia-Pacific at Google, said in December.
Google has lost market share to Baidu in China since the Mountain View, California-based company pulled its Google.cn search-engine out of the country last year, according to data from Analysys. Baidu increased its share to 75.8 percent from 75.5 percent in the first quarter, while Microsoft Bing’s market share is less than 1 percent, according to Analysys.
Baidu had an existing agreement with Bing for some mobile- phone users in China, Haoyu Shen, senior vice-president at Baidu, said in May. Baidu is working on efforts to expand overseas, and its developing products in 12 foreign languages, Shen said at the time.
Alibaba stopped offering Microsoft Bing on its eTao search service, Justine Chao, a spokeswoman at Alibaba, said in May.
Source Blooberg
Alibaba-Yahoo Fight Highlights Threat to China Internet Control
Warning to Beijing: Foreign capital is threatening to pry loose grip on the Internet in China.
Such, at least, was the argument advanced by researchers from China's top think tank in an essay published Monday.
“The combination of capital and the Internet is a mighty controlling power. The Internet is a special industry–once it is controlled by foreign capital, the impact could be severe,” Jing Linbo and Wang Xuefeng of the Chinese Academy of Social Sciences wrote in the Study Times, a publication of the Communist Party School. “So far the issue of control has not been given sufficient attention.”
Exhibit number one, according to Mssrs. Jing and Wang: the recent dispute between Yahoo and Alibaba Group over the ownership of online-payments unit Alipay.
Yahoo, a major shareholder in Alibaba, said in a regulatory filing in May that Alibaba transferred ownership of Alipay to a company owned by Alibaba Chief Executive Jack Ma without seeking board approval or notifying the U.S. company. Alibaba has said the transfer was made necessary by a new central bank rule forbidding foreign ownership of online payments company and that it had been carried out transparently.
In an interview with the editor of Chinese business magazine Caixin, Alibaba founder Jack Ma defended the new ownership rule on security grounds.
The essay comes with a number of notable Chinese Internet companies having recently listed in the U.S., including video site Youku and Facebook-like social network Renren.
“If we judge by the indicator that a foreign control of over 20% stake is relatively controlled, and over 50% is majority-owned, then most Chinese Internet companies that are listed offshore are controlled by international capital,” the authors wrote. “International capital thus controls our Internet industry.”
They also said the combination of capital and the Internet will have an impact on politics and the government, adding that China should strengthen supervision not only over a company's capital structure but also its business operations, including its dealings with related parties.
While the Chinese Academy of Social Sciences is an influential government organization, it is unclear how much support the views have among government regulators. Publication in Study Times, however, means that the Communist Party does not object to making the views known to a wider audience.
Such, at least, was the argument advanced by researchers from China's top think tank in an essay published Monday.
“The combination of capital and the Internet is a mighty controlling power. The Internet is a special industry–once it is controlled by foreign capital, the impact could be severe,” Jing Linbo and Wang Xuefeng of the Chinese Academy of Social Sciences wrote in the Study Times, a publication of the Communist Party School. “So far the issue of control has not been given sufficient attention.”
Exhibit number one, according to Mssrs. Jing and Wang: the recent dispute between Yahoo and Alibaba Group over the ownership of online-payments unit Alipay.
Yahoo, a major shareholder in Alibaba, said in a regulatory filing in May that Alibaba transferred ownership of Alipay to a company owned by Alibaba Chief Executive Jack Ma without seeking board approval or notifying the U.S. company. Alibaba has said the transfer was made necessary by a new central bank rule forbidding foreign ownership of online payments company and that it had been carried out transparently.
In an interview with the editor of Chinese business magazine Caixin, Alibaba founder Jack Ma defended the new ownership rule on security grounds.
The essay comes with a number of notable Chinese Internet companies having recently listed in the U.S., including video site Youku and Facebook-like social network Renren.
“If we judge by the indicator that a foreign control of over 20% stake is relatively controlled, and over 50% is majority-owned, then most Chinese Internet companies that are listed offshore are controlled by international capital,” the authors wrote. “International capital thus controls our Internet industry.”
They also said the combination of capital and the Internet will have an impact on politics and the government, adding that China should strengthen supervision not only over a company's capital structure but also its business operations, including its dealings with related parties.
While the Chinese Academy of Social Sciences is an influential government organization, it is unclear how much support the views have among government regulators. Publication in Study Times, however, means that the Communist Party does not object to making the views known to a wider audience.
Alibaba Mobile-Operating System Coming Soon!
The Alibaba offering will add to the competition in China for Google Inc.'s Android operating system, Apple Inc.'s iPhone smartphones and Microsoft Corp.'s Windows Phone platform.
Facebook going China
Business Insider, citing a source at a fund that buys stock from former Facebook employees, claimed yesterday that the Chinese buyer hopes to see if it could buy a stake large enough "to matter" of Facebook, the most popular social networking website in the world with 700 million users.
Citibank is trying to acquire as much as US$1.2 billion worth of Facebook stock on behalf of two sovereign wealth funds - China's and another from the Middle East.
China Investment Corp, the nation's sovereign fund, was not available for comments.
Thanks to its huge user base and clear business model through online advertising and promotion income, Facebook is now one of the most mentioned investment target in the industry.
The US-based website is widely expected to be listed in a year or two.
Though Facebook is not available on the Chinese mainland, its founder and Chief Executive Mark Zuckerberg is keen on the market - the world's biggest - with more than 400 million Internet users.
Zuckberg will probably visit Shanghai in September, which will be his second trip to China. In 2010, the 27-year-old Facebook CEO met with leaders of the top Internet companies in China, including Baidu, Sina, Alibaba and Tencent.
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