The mega retailer takes full ownership of China-based Yihaodian, an online marketplace that sells food, home goods, electronics and more.
The new online retailer officially opens for business Tuesday with plenty of buzz, thanks to a $225 million purse and a CEO who's no stranger to Amazon's playbook.
Already dominant in its home country, Alibaba plans to do a lot more around the world in the coming year.
Romain Voog previously served as president of Amazon France. His appointment at Global Fashion Group comes alongside a $34.7 million investment from venture capitalists.
New Chinese reforms allow foreign investors 100 percent ownership of their e-commerce companies in Shanghai's Free Trade Zone.
Social networks are poised to become even more personal as they become a vehicle for e-commerce, too, predicts the co-founder of a payment processing startup.
Yahoo's e-commerce platform for small businesses gets a redesign along with some new features, including a new payment-processing service.
The search giant plans to go after Amazon in an effort to beef up product search and e-commerce offerings. Google's first target: groceries.
The e-retail store will offer everything from fashion to tech to jewelry, according to a new report.
PayPal's president defends the digital payment provider's place at the forefront of mobile commerce while quipping he welcomes competition too.