Wayne Faulkner

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Here’s why Alibaba is paying more than $1 billion for a mapping company

Chinese e-commerce giant Alibaba made a bid on Feb. 10 for the 72% stake it doesn’t already own in AutoNavi, which operates China’s most popular mapping service. The all-cash deal values AutoNavi at $1.6 billion, up from the $1 billion valuation at which Alibaba acquired its initial stake in the …

China's Alibaba offering to buy mapping service for $1.1 billion

Chinese e-commerce giant Alibaba Group is offering to pay US$1.1 billion to buy one of the country’s largest mapping providers, as part of its strategy to boost its mobile services.<p>On Monday, the company offered to buy the remaining shares in AutoNavi. Last May, it had acquired a 28 percent stake …

Alibaba to launch U.S. e-commerce website | Reuters

BEIJING, Feb 11 (Reuters) - Alibaba Group Holding Ltd is set to launch a U.S. e-commerce website through its subsidiaries Vendio and Auctiva, which are in turn part of the Alibaba.com business group, the company told Reuters on Tuesday.<p>The 11 Main site is an online shopping business that offers …

Alibaba Backs New E-Commerce Site 11 Main, Big U.S. Splash Still to Come

Another small, but telling, bet on the U.S. market by the Chinese Internet giant.<p>Alibaba Group confirmed on Tuesday that two of its subsidiaries are creating a new U.S. e-commerce site called 11 Main, which will be a marketplace for local merchants to sell their goods online. The upcoming launch …

iOS dominating Enterprise, despite Android market share

A report by mobile enterprise specialist Good Technology shows that while iOS devices may be falling behind in overall market share, they are the devices of choice in the enterprise market.<p>iOS activations made up 73 percent of total device activations in Q4, up from 72 percent in Q3 and 69 percent …