Alibaba to invest more abroad as globalization top priority: CEO Zhang

(Image Credits :

(Image Credits :

Alibaba Group Holding Ltd will invest heavily in existing and new ventures abroad, making its push beyond the China market a top priority, the Chinese e-commerce leader’s new CEO, Daniel Zhang, said.

Zhang’s comments come at a time when Alibaba aims to maintain its rapid growth even as the prospect of e-commerce saturation at home looms over the company.

Amazon launches advertising platform for mobile app developers Inc launched a new advertising platform for mobile app developers to promote their apps on Android devices, Bloomberg reported.

Developers can advertise their apps on Android smartphones and tablets, and also on Amazon tablets by paying Amazon each time a user clicks an advertisement displayed through the system, Bloomberg said.