Friday, May 15, 2026
    ADVT 
    Tech

    Alibaba Buys Nearly 33 Million Shares Of Groupon

    Darpan News Desk The Canadian Press, 16 Feb, 2016 12:35 PM
    • Alibaba Buys Nearly 33 Million Shares Of Groupon
    NEW YORK — Alibaba has bought nearly 33 million shares of online daily deal service Groupon.
     
    Groupon Inc.'s stock jumped more than 40 per cent in afternoon trading Tuesday.
     
    The purchase gives the Chinese e-commerce powerhouse about a 5.6 per cent stake in Groupon. Alibaba disclosed the purchase in a regulatory filing on Friday.
     
    The news comes shortly after Groupon reported a fourth-quarter adjusted profit and revenue that beat analysts' expectations.
     
    Last month Alibaba Group Holding Ltd. reported better-than-expected third-quarter results as it benefits from a shift to mobile spending and a growth in users.
     
    Shares of Chicago-based Groupon added $1.17, or 40.4 per cent, to $4.06 in afternoon trading Tuesday. U.S. shares of China-based Alibaba rose $5.97, or 9.8 per cent, to $66.86.
    Prev Next

    MORE Tech ARTICLES

    Here's an iPhone app that paints your photos into masterpieces

    Here's an iPhone app that paints your photos into masterpieces
    The app now simulates the spreading and bleeding of the pigment onto the canvas - with dedicated properties for the virtual paper, the pigment, the brushes, the water and so on

    Here's an iPhone app that paints your photos into masterpieces

    3D-printed replica for a safe liver transplant created

    3D-printed replica for a safe liver transplant created
    The 3D-printed liver replicas, made of transparent material threaded with coloured arteries and veins, could help surgeons prevent complications while performing liver transplants or removing tumours, a path-breaking research shows.

    3D-printed replica for a safe liver transplant created

    First Look: World's first winemaker machine for your kitchen!

    First Look: World's first winemaker machine for your kitchen!
    Three cheers for wine lovers out there. Here comes a new machine that can turn water, grape concentrate, yeast and a finishing powder into wine in your kitchen in flat three days.

    First Look: World's first winemaker machine for your kitchen!

    Who is smarter, man or woman? It's just a brain, stupid!

    Who is smarter, man or woman? It's just a brain, stupid!
    The big debate about who is smarter, man or woman, has now been laid to rest. There is nothing like a boy's or a girl's brain, and no scientific evidence to prove that they are wired differently, according to an expert.

    Who is smarter, man or woman? It's just a brain, stupid!

    Samsung wearable device to turn hands into keyboard

    Samsung wearable device to turn hands into keyboard
    As the race for wearable computer devices heats up with the entry of Google Glass, a report suggests that Samsung is also working on a wearable device that can turn hands into a virtual keyboard.

    Samsung wearable device to turn hands into keyboard

    Indian-origin engineers create device for faster wireless technology

    Indian-origin engineers create device for faster wireless technology
    Using an inexpensive Rs.3,600 inkjet printer, two Indian-origin electrical engineers at the University of Utah have for the first time produced microscopic structures that use light in metals to carry information

    Indian-origin engineers create device for faster wireless technology

    PrevNext