Chinese consumers can’t stop filling their closets with stuff they buy online—and that is powering e-commerce giant Alibaba Group Holding Ltd. On Thursday, Alibaba is likely to report that its quarterly revenue has risen roughly 50% from the year-earlier period.
NYS Entity Status
NYS Filing Date
SEPTEMBER 17, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - M. POWERS GROUP LTD.
AROUND THE WEB
- Chinese Shopping Splurges Are Set to Boost Alibaba's Revenue
Sunday Aug 13, 2017
- Chinese auto group invests millions in next-gen cars
By Clayton "CJ" Jacobs - Tuesday Jun 6, 2017
China’s Guangzhou Automobile Group Co. Ltd, known as GAC Group, announced at their recent board of directors meeting that they plan to spend $88 million on a new subsidiary focused on electric vehicles.The new subsidiary will be known as Guangzhou Automobile New Energy Automobile Co., Ltd. The first registered capital will be half of the total investment amount with the remaining $44.1m being available based on project requirements.GAC Group — founded in 1997 and was acquired by Guangzhou Automobile Industry Group in 2005 — said they plan on achieving a new energy vehicle...Read More
- In Urban China, Cash Is Rapidly Becoming Obsolete
By PAUL MOZUR - Sunday Jul 16, 2017
Across the country's cities, the rapid growth of mobile payments is making cash all but obsolete.
- Rapper Common surprises students at NY school, donates money
By MESFIN FEKADU, AP Music Writer - Thursday Jul 20, 2017
Rapper Common surprises students at NY school, donates moneyNEW YORK (AP) — Oscar and Grammy winner Common surprised a group of New York students by donating $10,000 to help their teachers buy supplies like calculators and science kits.The rapper-actor partnered with the nonprofit AdoptAClassroom.org and Burlington Stores to give Renaissance School of the Arts in Harlem the funds on Thursday.Jadon-Li M. Antoine, an aspiring musician, actor and dancer, said Common's visit motivates him to keep aiming for his dreams.Burlington has been raising money from its 599 stores to help other schools, asking customers to donate $1 or more.
- Behind a Chinese Powerhouse, a Web of Family Financial Ties
By DAVID BARBOZA - Tuesday Jul 18, 2017
For nearly 25 years, HNA Group, the Chinese conglomerate, has funneled business to a small group of relatives and associates of its senior executives.