×
174
Fashion Jobs
RYPE FINTECH PRIVATE LIMITED
Opening For Channel Sales Manager
Permanent · Bengaluru
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Asst. Manager Quality / Quality Line Officer- Garments Industry
Permanent · Bhiwandi
ANJNEY
Sales Manager/ Area Sales Manager - Industrial Products
Permanent · Ahmedabad
SH MATRIX ENTERPRISES
Sales Manager
Permanent · Gurugram
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
DLIGHT ENERGY PVT. LTD.
Hiring For Area Sales Manager | Pune/ Nagpur | d.Light Energy
Permanent · Pune
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Chennai)
Permanent · Chennai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Nashik
OLIVE GREEN CONSULTING LLP
Urgently Looking For Area Sales Manager
Permanent · National Capital Region
DEEP CHAND DIALYSIS CENTRE PVT. LTD.
Immediate Joining For Area Sales Manager @ Kolkata
Permanent · Kolkata
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager/ District Manager - Bhopal
Permanent · Bhopal
DREAM HOME PLASTO WARE IND
Production Manager
Permanent · Alwar
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager/ District Manager - Bhopal
Permanent · Bhopal
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Nashik
TITAN BIOTECH LIMITED
Area Sales Manager
Permanent · Hyderabad
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Daman
LEVI'S
Associate Sap Ptp Business Analyst
Permanent · Bengaluru
FEDBANK FINANCIAL SERVICES LTD
Area Sales Manager For Gold Loan - Chennai
Permanent · Chennai
DR MEDITECH SURGICAL AND DIAGNOSTICS INDIA PVT LTD
Production Executive / Production Manager (Biochemistry & Hematology
Permanent · National Capital Region
INFEXN LABORATORIES PRIVATE LIMITED
Medical Representative/ Area Sales Manager
Permanent · Navi Mumbai
ELLIOTT MOSS
IT Sales Manager
Permanent · Mumbai
By
Reuters
Published
May 11, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Alibaba sweeps up shares of retailer Zulily, now holds 9.2 pct stake

By
Reuters
Published
May 11, 2015

Chinese e-commerce giant Alibaba Group Holding Ltd has reached a 9.2 percent stake in U.S. on-line retailer Zulily Inc, after sweeping up shares at rock-bottom prices last week.

On Friday, Alibaba finished a three-day buying binge and now holds 11.5 million shares of Zulily, a site that hosts "flash" sales of clothing primarily for women and children, according to a U.S. Securities and Exchange Commission filing posted late on Friday.

Ansa


After spiking in February 2014 to $73.50, Zulily shares have fallen sharply, and closed on Friday at $13.30. Shares hit a record low of $9.09 on Wednesday, the first day of Alibaba's acquisitions, as brokerages slashed price targets for the company on a disappointing first-quarter report.

Before the week's buys, Alibaba held just under 7 million Zulily shares, the filing showed.

The Wall Street Journal, which first reported the investments, quoted a person familiar with the matter as saying Alibaba was not looking to acquire Zulily outright. Zulily's chief executive officer, Darrell Cavens, said his company had a lot of respect for Alibaba and welcomed it as a shareholder.

While Zulily goes head-to-head with other flash sales sites such as Rue La La, it has said it expects to compete increasingly with Alibaba and the other major shopping platform, Amazon.

The Journal said the drop in Zulily's shares this year of more than 40 percent was largely because of reports of sharply decelerating sales growth and difficulty holding on to customers.

$1 = £0.65

© Thomson Reuters 2022 All rights reserved.