Why OTT players are fighting for a slice of India’s growing video-streaming market, and Tencent’s poorly timed announcement of its Q3 earnings
Chinese e-commerce giants including Alibaba and JD.com have announced new record-breaking sales for Singles Day, the 11-day shopping extravaganza that ended Wednesday at midnight. Why it matters: Singles Day, typically a 24-hour event, has evolved into a weeks-long shopping festival. Alibaba, credited with popularizing the promotion, extended the event this year by creating two shopping […]
CIIE was held Nov. 5 – 10 to promote cross-border e-commerce amid a bruising trade war while Beijing rolled out rules aimed at curbing monopolies.
Private equity funds Investcorp, Norwest Venture Partners, and Gaja Capital together invested the amount to acquire a 31% stake in the logistics startup.
The global tie-up also involves Alibaba and Richemont each investing US$250 million in Farfetch China in exchange for a combined 25% stake in a new JV.
Alibaba Group and Richemont are investing a combined $1.1 billion into Farfetch, a UK-based online luxury retailer building a bigger presence in China.
Alibaba posted on Thursday stronger-than-expected earnings for the September quarter but its shares prices fell on slower growth and Ant Group’s delayed IPO.
Meituan is gearing up for a secondary listing on mainland market while Alibaba plans to invest $300 million in UK retailer Farfetch.
China’s regulators notified the company about the suspension, citing how it didn’t meet the listing qualifications or disclosure requirements.
After years of unfruitful attempts, Alibaba finally scores a win in the gaming market with two Three Kingdoms-themed titles.
Ant has decided to exercise a greenshoe option for a 15% overallotment of shares and is now selling 1.92 billion shares in the STAR Market.
One reason for this shift in strategy is Ant Groups’ upcoming dual listing in the Hong Kong and Shanghai exchanges.
A troubled week for logistics companies ahead of Singles Day amid delivery driver strikes and Alibaba-backed Yunda Express’s boycott of an SEA rival.
In this weekly segment, ExchangeWire sums up key industry updates in ad tech from around the globe. In this edition: Chinese holdings giant Alibaba acquires a majority stake in supermarket chain Sun Art Retail; the EU’s data supervisor, the Belgi…
The US$4,200 car that’s shaking up China’s new energy vehicle market, and a newly backed Indian startup that’s helping small merchants go digital.
Chinese consumer-facing brands are trying to cut reliance on Taobao and Amazon. Direct sales are an alternative to reliance on platforms.
China is already gearing up for Singles Day, while two of the country’s largest ed-tech firms each nabbed in hundreds of millions of dollars in investment.
Golden Week prompts a consumption surge, Tiktok owner Bytedance tests cross-border e-commerce, and Tencent doubles it bet on livestreaming.
Alipay acts as the only third-party agency for retail investors looking to buy into the five Chinese mutual funds investing in the IPO.
The Golden Week holiday offers a glimpse of the pace of recovery for China’s battered travel industry, which has been badly hit by the pandemic.
According to Alibaba’s announcement on the Hong Kong Stock Exchange, Jack Ma will no longer serve as a director of Alibaba Group in accordance with a series of inheritance arrangements two years ago. However, Ma will still be one of the partners of Ali…
Ant’s move for control comes as the regulatory process for its dual listing marches quickly ahead, outpacing other listings in the Hong Kong and Shanghai exchanges.
Last week, the state market regulator fined Luckin and the companies that assisted its sales fraud. New Chinese brands are attracting investor attention.
Elliott and James try to get their minds around the Ant Group IPO, and the business behind what is likely to be the biggest IPO in history.
Alibaba rolled out its Xunxi Digital Factory program, while the pet e-commerce industry and healthtech sector are booming amid the Covid-19 pandemic.
China’s Bank of Communications recently reached comprehensive strategic cooperation with Alibaba Group and Ant Group. According to the agreement signed by the three parties, they will further leverage on their respective advantages; integrate complemen…