Conversation with Founder of Ele.me after $9.5B Acquisition by Alibaba
On April 2, Alibaba Group joined hands with Ant Financial in conducting the buyout of Ele.me at $9.5 billion. The Vice President of Alibaba Group Wang Lei will ...
Tag: #Alibaba
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XPENG Motors Gets Money from Huawei, Xiaomi, Foxconn for 'Electric Auto 2.0'
XPENG has finished its A+ round financing and plans to announce B round financing in early 2018, XPENG Motors Chairman He Xiaopeng said in a Weibo post on Decem...
Silicon Valley’s China Paradox
Li Zhifei has spent his professional career cross-pollinating the world’s two most vibrant innovation ecosystems. Born in central China at the dawn of reform a...
9 Chinese provinces issue blockchain guidance
Although there is controversy over encrypted digital currency, research and development of blockchain technology is fiercely competitive. Blockchain has become ...
Alibaba's Logistics Arm Cainiao Launches Parcel Forwarding Services in the US
Cainiao, Alibaba's logistics service, announced today its formal entry into the United States parcel forwarding market, providing e-commerce parcel consolidation services for Chinese communities and student groups across the US.
Alibaba’s Cainiao Responds to Rumors of Raising $2 billion and IPO in Hong Kong
Recently, news of Cainiao's listing in Hong Kong has once again surfaced. The news states that Alibaba's logistics subsidiary, Cainiao, plans to IPO in Hong Kong in early 2024 and aims to raise $2 billion.
More Than Half the 124 Unicorns of 2017 are BAT Investments
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 sho...
Ant Group Tops Hurun Global Unicorn List 2020, Followed by ByteDance, DiDi Chuxing
Chinese TechFin company Ant Group topped the Hurun Global Unicorn Index of 2020 with a valuation of 1 trillion yuan ($150 billion), according to Hurun Research Institute’s ranking of the world’s unicorns.
8/4/20203 min read
Controversial New Retail: A New Business Opportunity in 2018?
2017 was a year of great changes in China's retail industry. New retail methods, new industry definitions, new categories and new technologies emerged. SEE ALS...
Jack Ma Officially Steps Down as Alibaba Chairman
Jack Ma, the charismatic Chinese entrepreneur behind Alibaba Group, handed his board chairman title over to CEO Daniel Zhang on September 10.
Baidu Establishes Institute for Quantum Computing
Since the beginning of this year, quantum computing has attracted vast attention, with an increasing number of companies competing for leadership in the field. ...
Alibaba Enters Russian E-commerce JV
Alibaba Group, Russian Direct Investment Fund, MegaFon, and Mail.ru Group have built a joint venture to integrate Russia’s key consumer internet and e-commerce platforms and launch a leading social commerce joint venture in Russia and the CIS.
6/6/20192 min read