China is in the throes of the world's single largest day of shopping, Single's day. Shoppers are expected to spend a record amount of money, mainly through online platforms like Alibaba and JD.com.
Taiwanese authorities have ordered the e-commerce company to leave Taiwan within six months.
Internet giant plans to pursue spinoff of stake in the Chinese e-commerce giant, which is valued at more than $23 billion.
The e-commerce giant launches Tmall Box Office, pegged to be China's Netflix -- as the real Netflix struggles to expand into the country.
Alibaba's Tmall online marketplace for consumers in China plays host to retailers like Apple and Nike, which pay Alibaba a commission on all sales. Amazon decides to suck it up and join the list.
Chief executive Marissa Mayer delivers better-than-expected sales. But admits Alibaba gains are "top of mind" for investors.
The company's revenue was up 40 percent and its mobile revenue was up a whopping 448 percent. Alibaba's profit, however, dipped 28 percent to $964 million.
China's mega e-tailer is roughly two months away from launching its own video-streaming service, modeled on Netflix and HBO, the company said on Sunday.
Executive Chairman Jack Ma says the Chinese online retailer is focused on its home market and wants to partner with US businesses to bring more goods to China.
Despite earlier efforts to scrub counterfeit items from its listings, the Chinese online retail giant allowed counterfeiters to list their wares, according to a new lawsuit from several luxury goods makers.