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Articles Tagged:

alibaba

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Chinese E-Commerce Giant Alibaba Invests $590 Million Into Smartphone Maker Meizu

Alibaba runs a global e-commerce site that is one of the most visited in the world. Now it wants to get into the smartphone business. If this idea sounds funny, remember, Amazon has been trying to do the same thing.

But Alibaba is taking a different approach. Rather than come out with its own brand, it's reportedly purchasing a $590 million stake of the existing China-based smartphone maker Meizu. According to Reuters, this is a minority stake in the company, not enough to give Alibaba control.

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Ouya Reportedly Gets $10 Million Cash Injection From Chinese Retailer Alibaba

The Ouya raised $8.6 million on Kickstarter, and to its credit, the promised $99 Android-powered game console was delivered and works as described. The problem is that it just wasn't very good in the grand scheme of things. The outlook on Ouya hasn't been particularly positive, but maybe that's about to change. The Wall Street Journal reports that Chinese retail giant Alibaba has swooped in with a $10 million investment

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Tango Messenger Gets A $280 Million Investment, Mostly From From Chinese Commercial Group Alibaba

If Facebook's 19 billion dollar deal to buy WhatsApp didn't convince you that messaging apps are big business, then... well, this probably won't convince you either, but you'll be even more wrong. Tango Messenger, a solid entry in the crowded text chat market, has been given a huge investment by a group of companies including China's Alibaba.com. Alibaba invested a whopping $215 million, with an extra $65 million coming from previous Tango investors.

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Editorial: What Has Alibaba's Aliyun Shown Us About Google's Assertion Of Control Over Android?

In the last week, many tech-savvy westerners have gotten more familiar than they probably would have ever liked to with a Chinese company by the name of Alibaba. Most of those people still probably aren't aware just quite how huge the Hangzhou-based firm is.

Its net worth is somewhere in the neighborhood of $30-$40 billion. It employs over 25,000 people. Its campus is a piece of architecture worth appreciating on its own merits.

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