1. Brief introduction
December 30, 2014, Jack Ma (or Ma Yun) attended the second joint meeting of the Strategic Cooperation Between Alibaba Group And Hangzhou City during which Ma said that in the coming year of 2015, Alibaba will carry out a comprehensive upgrade in term of organization management, culture and human resource management to gear up to meet the challenges in the next 10 years.
Today Microsoft Official Flagship Store released its sale results in the just ended Tmall Double 11 Online Sale Festival (11th November). The best selling is undoubtedly the RMB 299 (US$ 48.86) Windows 8 operating system with 2,071 copies of Windows 8 redemption code sold in this single day.
In respect of the market concerns over Alibaba Group Alibaba’s going public issues, Alibaba.com former CEO David Wei said in Hong Kong on Thursday, after being listed, it is easy for the market value of Alibaba Group to reach more than one hundred billion U.S. dollars.
Lightinthebox (兰亭集势, NYSE Code: LITB), the no.1 domestic B2C website engaging in foreign trade in China landed on the NYSE yesterday. The share price closed at $ 11.61, 22.21% higher than the issue price. The highest intraday share price touched $ 12.69, 33.6% higher than the issue price.
The Ministry of Commerce spokesman Yao Jian yesterday at a regular press conference revealed that the scale of e-commerce exceeded 1.3 trillion yuan (US$ 208 billion) annually, the Ministry of Commerce supports the e-commerce, and the same time Ministry of Commerce also participates actively in the development of “E-commerce Promotion Law” to regulate E-commerce businesses, especially small and medium enterprises.
18 days after retirement, Jack Ma is back. On May 28, wearing tai chi clothing he appeared on center stage, he was particularly excited. Because by the Alibaba Group led “Rookie Network Technology Co., Ltd. (hereinafter referred to as Rookie Network)” was founded in Shenzhen targeting at the logistic industry. The new company has started the so called “China Intelligent Backbone” project national wide. The company has a registered capital of 500,000 yuan with a total planned investment of 300 billion yuan (US$ 48 billion), many famous business celebrities will join the project. Jack Ma himself will be the chairman while Intime Group Chairman Shen Guojun chairs as CEO.