Alibaba tops the list to become the number one company that competitors are “most worried about” for their disruptive business models in the latest KPMG tech survey.
The Asian edition of the popular Consumer Electronics Show will open its doors for the 4th time in Shanghai tomorrow at CES Asia 2018. The exhibition will span three days from June 13 – 15 and showcase the newest technologies by over 500 companies from 80 countries.
Ant Financial Services Group announced today that they have raised approximately $14 billion in the Series C equity financing round, including a RMB tranche raised from Chinese investors by Ant Financial and a USD tranche from international investors by Ant International.
Here is this week’s roundup of China innovation stories.
Xiaohongshu, translated into “Red” or “Little Red Book”, a shopping tip app gaining large popularity among Chinese millennials, just closed its $300 million Series D funding round led by Internet giant Alibaba Holding.
On May 31 at the 2018 Global Smart Logistics Summit hosted by Cainiao Network Technology Co., Ltd., the logistics affiliate of Alibaba Group Holding Limited showcased its new technologies and unveiled plans to expand its global network by opening five new hubs around the world.
Youku Inc. announced on Tuesday that it has joined the new media broadcasting of the 2018 FIFA World Cup in Russia to mainland Chinese audience.
ZTO Express (Cayman) Inc., a leading Chinese express delivery company, announced on Tuesday May 29th that it will receive a strategic investment of US$1.38 billion from Alibaba Group Holding Limited and its logistic arm Cainiao Network Technology Co., Ltd. , while giving the investors 10% of the equity in return.
China’s Tencent and Alibaba stayed among the top 10 of the 2018 BrandZ Top 100 Most Valuable Global Brands ranking released by WPP and Kantar Millward Brown on Tuesday.
On May 23, Alibaba Machine Intelligence Technologies unveiled its latest intelligent speech interaction technology aimed at “smart ordering” in cafés and restaurants.