Financial Times reported that Ant Financial is planning to raise $5 billion in a new funding round.
Alibaba Digital Media & Entertainment Group announced a multi-year licensing agreement with Buena Vista Pictures Distribution. More than 1,000 episodes of Disney animations will be available on Youku and other over-the-top (OTT) platforms that partner with Alibaba.
Alibaba Chairman Jack Ma spoke at the Winter Olympics in South Korea on February 10. Over the last four days, Jack Ma traveled twice between South Korea and China to meet with IOC President Thomas Bach. Ma spoke at the First Global Cross-border E-Commerce Conference, offering insights into cloud computing and cross-border e-commerce.
After a chilling 2016, the capital markets became more rational in 2017. The overall trend remains unclear, but investors seem willing to back projects that show clear rewards. This has led to broad heavy investment, creating more unicorns than previous years.
China far outnumbers the US in blockchain patents and leads the world, according to the latest blockchain patent list. Alibaba is the world’s leading enterprise in terms of number of patents published for blockchain technology. All of its 49 patents came from the Ant Financial technology laboratory.
UC Browser announced its monthly active user count in India and Indonesia reached 170 million, with 130 million in India and 40 million in Indonesia.
2017 was a year of great changes in China’s retail industry. New retail methods, new industry definitions, new categories and new technologies emerged.
Google and WPP released a list of the Top 50 Chinese Global Brand Builders 2018 on February 6 in Beijing.
During the first month of 2018, the major Chinese companies Alibaba and Huawei were denied access to the US market. Undeniably, the cautiousness of the Chinese and US governments on investment have made it increasingly difficult for Chinese companies to expand their business to the US market.
“We have just reached a consensus with Alibaba to develop Wuxi Town. And there is unlimited potential for cooperation between the two sides,” May said in her speech.