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Alibaba Exceeds $25 Billion in Purchase Volume on Single’s Day

Alibaba shattered previous sales records on Single’s Day in China, the largest global online shopping day of the year, reaching $25.3...

Alibaba Spin Off to Acquire MoneyGram for $880 Million

Ant Financial Services Group, the Alibaba Group affiliate formerly known as Alipay, announced the acquisition of major money remittance...

2013’s Largest Online Shopping Day in China is Bigger than Cyber Monday

While online retailers in the United States are happy with Cyber Monday setting the new record for the largest domestic online shopping...

New Cybersecurity Law Requires Government Agencies Seek Approval for Chinese IT Purchases

A recently signed appropriations bill contained an additional provision that several government agencies will need to get approval from...

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