In the U.S., 85% of consumers have credit ratings, but less than a quarter of China’s population have credit records, according to Alibaba. Ant Financial Services Group, the parent company of Alipay which was founded by Alibaba, has established the Read more
Yahoo announced it will spin off its large stake in Chinese ecommerce firm Alibaba tax-free into a newly formed independent registered investment company (“SpinCo”). The stock of the new company will be distributed pro rata to Yahoo shareholders. According to Read more
eBay has acquired Vivanuncios, a Spanish-language classifieds site in Mexico owned by W3 Ltd. Vivanuncios, founded in 2006, receives 15 million visits per month and had more than half a million published ads in the fourth quarter, 2014. eBay Classifieds Read more
It’s not surprising that the owners of some rare, “never before seen” photographs of the Beatles and Rolling Stones chose to sell them on eBay, but their selling strategy is unusual. Instead of listing them in auction format, the owners Read more
