Tencent Music Plans to Sell 3% Stock and the valuation is $10 billion now
Reported by Bloomberg on September 1. According to the informed resource, Tencent Music Entertainment Group plans to finish a new round of financing before its ...
Tag: #Alibaba
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China’s 2019 Top 10 Global Tech Companies
In 2019, Chinese tech companies increasingly shifted their focus overseas, in an effort to gain influence and market share abroad.
Chinese Tourists Bring Alipay Overseas
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.
Alibaba Cloud Launches New AI and Big Data Products, Establishes Damo Academy in Shanghai
Alibaba Cloud unveiled a suite of AI and big data products for international markets at a recent summit in Singapore, aiming to accelerate global AI-driven digital transformation.
Chairman of Alibaba's Local Life Group, Yu Yongfu, to Step Down from His Management Role
Alibaba Group announced on March 1 that Yu Yongfu, Chairman of the Local Life Group and CEO of Ele.me, will step down from his management roles by the end of the current fiscal year.
Amap's "World Map" Goes Live
Recently, at the departure ceremony of the "Belt and Road Global Journey" international segment, Amap announced the official launch of its product "World Map".
Cainiao is Getting Ready for 11.11 Global Shopping Festival with Robotic Warehouse
As Nov.11 is approaching, Cainiao, a Chinese logistics firm mostly owned by Alibaba, opened the largest robotic smart warehouse in China to prepare for the upco...
The Rise of China's AI as Alibaba and Tencent Fight for the Lead
"China will dominate the field of AI in 2018," said Amy Webb in the annual Science and Technology Trends Report. Webb is the founder of Future Today Institute a...
The Chinese Internet model is being pursued overseas
The mobile phone selling like hotcakes in Africa isn’t Samsung nor Apple, but Tecno, a Shenzhen-based telecommunications company in China. According to open sta...
Alibaba Sells Part of Xpeng Stake, Reducing Shareholding to 7.5%
Alibaba Group announced on December 15th that it has sold a portion of its stake in Xpeng Motors, reducing its shareholding from 10.2% to 7.5%.
Tencent and JD.com Become Vipshop Shareholders with $863M Investment
Tencent, JD.com and Vipshop announced that Tencent and JD.com would invest US $863 million in Vipshop. After investment, JD.com is making a leap toward its goal...
First Tencent Autonomous Vehicle is Spotted on Public Roads
At 10 a.m. on April 3rd, a Tencent autonomous vehicle appeared for the first time on the Fourth Ring Road in Beijing. The autonomous vehicle is a white converte...