alibaba

Chinese consortium agrees to $4.4 billion deal for Caesars online games

A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $4.4 billion in cash, the companies said. Caesars Interactive Entertainment is currently owned by Caesars Acquisition Co (CAC) and Caesars Entertainment Corp .

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Chinese consortium agrees to $4.4 billion deal for Caesars online games

alibaba

Alibaba’s Singles’ Day sales surge 60 percent to $14.3 billion

By Paul Carsten BEIJING (Reuters) – Alibaba Group Holding Ltd's total value of goods transacted during its Singles' Day shopping festival was 91.2 billion yuan ($14.32 billion), the Chinese e-commerce giant said in Beijing on Thursday. The results are preliminary and unaudited, Alibaba said. Six years ago, Alibaba turned Nov. 11 into China's equivalent of United

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Alibaba’s Singles’ Day sales surge 60 percent to $14.3 billion

alibaba

Luxury brands suing Alibaba say mediation looks futile after Ma comments

SHANGHAI/NEW YORK (Reuters) – Luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate, which they say looks futile after Alibaba founder Jack Ma was quoted in a magazine as saying he would rather lose the case than settle. Gucci, Yves Saint Laurent and other brands…

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Luxury brands suing Alibaba say mediation looks futile after Ma comments