As video sharing apps go viral on social media, Alibaba invested over $100 million into Vmate, which is previously owned by its subsidiary UCWeb.
Alipay released its second sustainability report on May 20 in Beijing. The report is titled “Moving towards a better society for the future”, and lists the company's initiatives and achievements from 2017 and 2018 that had positive social impacts.
On May 15th, Alibaba Group announced their financial results for the quarter and fiscal year that ended in March 31, 2019. Their announcement coincided with that of Tencent, who also launched the financial results for the first quarter 2019.
Alipay, a payment and lifestyle platform by Ant Financial, has connected more than 300,000 Japanese merchants as of early 2019, a 500 percent increase compared with last year.
Netflix has purchased exclusive distribution rights to stream Chinese streaming website Youku's original web series "I Hear You" outside of China, said the Alibaba-owned video site on May 10.
Lazada is dominating the mobile shopping realm across Southeast Asia. App analytics and market data platform “App Annie” named it the number-one shopping app in Southeast Asia.
Hurun Research Institute released “Hurun Greater China Unicorn Index 2019 Q1” and “Hurun China Future Unicorns 2019 Q1” on May 7, 2019. This is the sixth release of the Unicorn Index and the first release of Future Unicorns.
Following the release of a Reuters article on Sequoia Capital China's 20 percent cut of investment staff, Sequoia China has dismissed the report firmly, claiming that the published article is “nonsense” and a malicious attempt for defamation.
Chinese e-commerce giant Alibaba releases “Alibaba Sans” typeface and grants all members in its ecosystem free access to the font.
On Apr. 3, Ruhnn, an Alibaba-backed Chinese influencer startup went listed on NASDAQ, with a ticker symbol of “RUHN” and issuing price of $12.5. The total financing is expected to reach $1,250 million.
India has become the world’s fastest-growing mobile application market over the past few years. With more than 1.3 billion potential consumers, the Indian app market is attracting lots of attention as a huge opportunity for app growth. Thus, Chinese apps such as TikTok, Helo, LIVE, UC Browser, backed by China’s tech giants, have managed to gain popularity in India.
Alipay, the world’s leading payment platform, today announced a new agreement with Barclaycard, a multinational credit card and payment services provider that processes nearly half of the UK’s credit and debit card transactions.
Lazada, a Southeast Asian e-commerce platform owned by Alibaba Group, held a cross-border e-commerce conference on Mar. 7, and announced a series of cross-border business strategy upgrade initiatives.
Tmall, an online retail website owned by Alibaba, announced today that it expects 1000 new international and domestic cosmetics brands to join the Tmall platform this year in order to meet the demands of Chinese consumers.
When shopping in China there's no need to bring your wallet, most people use their phones to pay, regardless of if you are buying a piece of gum or a new car.