Alibaba is investing big bucks into offline distribution. The Chinese e-commerce giant has forked out $2.23 billion in exchange for a sizeable piece of Focus Media, a Shanghai-based company that operates outdoor digital advertising screens across China, Singapore and Hong Kong, according to a U.S. filing. The deal itself...
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Logistics on-demand service GoGoVan became Hong Kong’s first billion-dollar startup via a merger last year, and now is doubling down on growth after raising $250 million in new capital. The new round was led by InnoVision Capital, with participation from the Russia-China Investment Fund, Hongrun Capital and...
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Xiaotian is a popular Taobao livestreamer. / Photo credit: Huxiu This article is an adapted translation of the original story on Huxiu. She’s not your ordinary jewelry dealer. Going by the online moniker “Xiaotian,” she commands a big fan base, jokes with her customers, and models for...
Xiaotian is a popular Taobao l...
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Alibaba’s Dingtalk app now boasts of 7 million enterprise clients – including the Chinese police. / Photo credit: Dingtalk Tencent’s WeChat has become the default messaging app of everyday life in China, but there’s one territory that it has yet to conquer: the workplace. There’s a list...
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Photo credit: Tech in Asia JD’s financial arm pulls in US$2 billion (China). JD Finance, which is on course for an initial public offering, has reportedly doubled its valuation to US$18 billion after the fundraising. Backers of this latest round included CICC Capital, China Securities, Citic...
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Photo credit:Â Art Comments Secoo inks US$175 million deal with JD and L Catterton Asia (China). The NASDAQ-listed online luxury retailer announced the strategic partnership, which includes a convertible note investment from JD and the Asia unit of US consumer-focused private equity firm L Catterton. The move...
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The evidence is increasingly clear: 2018 is the year of the Chinese venture deal. With half of the year now complete, China is driving ahead of Silicon Valley and the rest of the United States on venture capital dollars invested into startups, according to a number...
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Hugh Harsono is a former financial analyst currently serving as a U.S. Army Officer. More posts by this contributor Bank-based blockchain projects are going to transform the financial services industry How two countries helped drive the recent rise in cryptocurrency prices Content creation has seen immense growth in recent...
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Ecommerce giants Alibaba, Amazon, eBay and Rakuten have agreed to speed up the removal of dangerous goods being sold on their online marketplaces within the European Union. The EU’s executive body, the Commission, said the four companies have committed to responding to notifications on...
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Tencent, the $500-billion Chinese internet giant, is increasing its focus on open source after it became a platinum member of the Linux Foundation. The company has long been associated with the foundation and Linux generally, it is a founding member of the Linux Foundation’s deep learning program...
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