Billionaire hedge fund manager Daniel Loeb made a big bet on Alibaba (BABA)

REUTERS/Phil McCarten Daniel Loeb’s hedge fund, Third Point, took a large stake in Alibaba in the second quarter, according to SEC filings. The fund bought 4.5 million shares of the Chinese e-commerce giant which are worth about $ 634.1 million. Loeb also bought a large $ 654.7 million stake in BlackRock in the period.  Jack Ma, CEO of […]

Alibaba is climbing after announcing a partnership with Marriott (BABA, MAR)

Scott Olson/Getty Images Alibaba is trading higher by 3.31% at $ 158.40 a share following word the company is getting into the hotel booking business. The Chinese e-commerce giant is partnering with Marriott to offer its Chinese customers easier access to hotels around the world. The partnership will list global hotel rooms from Marriott’s various brands […]

RETAIL FORECAST: U.S. consumers will spend $632 billion online by 2020 (AMZN, BABA)

BI Intelligence E-commerce has been on the rise in the last several years, thanks in large part to titans in the industry such as Amazon and Alibaba. And that growth shows no signs of slowing down in the near future. In fact, e-commerce will truly become the future of retail, as nearly all of the […]

A heated battle between Amazon and an Alibaba-controlled firm might be coming soon to Thailand (BABA, AMZN)

eMarketer Southeast Asia’s ecommerce sector may not yet get as much attention as China. But as recent ecommerce estimates suggest, online B2C spending Southeast Asia is set to grow by double digits through at least 2020, making the region a key area of interest for retailers and marketers. For now, much of the ecommerce activity […]

OMNICHANNEL STRATEGY BUNDLE: Your guide to engaging with shoppers on multiple channels (AMZN, BABA, WMT)

BII If anything you do touches retail or e-commerce, you know it isn’t enough to focus on a single sales channel anymore. The winners will undoubtedly be those who master omnichannel sales. In fact, creating a strong, cohesive, multi-channel operation can make or break your business. A recent Fluent survey found that 47% of shoppers […]