During the National Day Golden Week (October 1-7) this year, online consumption is showing trends towards refinement, efficiency, and intelligence. Traveling is still the main way people spend their holidays. Overall, both consumption and tourism have shown trends of reshoring from abroad to domestic market and expansion from the first- and second-tier cities to the […]
Alibaba generated 117,278 million yuan (US$17,057 million) in revenue for the quarter ended December 31, 2018, an increase of 41% year-over-year. Mobile Taobao’s MAUs increased by 33 million to 699 million. Tmall physical goods GMV grew 29% year-over-year. Net income attributable to ordinary shareholders was 33,052 million yuan (US$4,807 million), a year-over-year increase of 37%. Net income […]
The food delivery industry continues to draw archrivals Alibaba and Tencent-backed Meituan Dianping.
Koubei is one of Alibaba’s platforms that specializes in providing local services, an area where new retail is an emerging force. New retail is Alibaba’s concept of seamless digital integration of online and offline commerce. By its upgraded pre-ordering system, smart POS technology, and data-driven operations, Koubei sets to help one million businesses complete smart […]
Alibaba merging China food delivery units to counter Tencent-backed Meituan – Reuters What happened: Alibaba intends to merge its food […]
Alibaba’s lifestyle app Koubei is testing an online restaurant menu function (in Chinese) at a chain tea shop and a fast food store in Wuxi City. The new feature offers two different kinds of services. Customers dining in at the restaurant can place or…
Spring Festival is approaching and the annual hongbao war is on. Alibaba’s lifestyle app Koubei invested 100 million yuan on the “shout red envelopes” (in Chinese) game. From 11:00 pm on the 13th to the first day of the New Year, users can login on the Koubei app, and search for “shout red envelopes (喊红包)” […]
Meituan-Dianping may soon raise its value to $25-30 billion with a new round of fund raising worth between $3 and 5 billion, according to unknown sources cited by Bloomberg. Meituan’s long-time backer Tencent is said to be participating in the round, the report says. The new funding means that Meituan-Dianping could be upping its game […]
China’s tech companies attracted record high levels of funding last year. After that flood of cash, let’s see which are now the top-funded startups.
Consolidation, a normal part of any industry, generally consists of three stages: fragmentation, acquisitions & expansion. The stages are the same for all industries, yet every industry will experience these stages differently. 2015 was a banner year of consolidation for China’s technology industry, marked by a frenzy of M&A cases among top players across various […]
Alibaba has grown into a diversified conglomerate that encompasses several multi-billion dollar affiliates from Ant Financial and AliCloud to Cainiao Logistics. Yesterday, the e-commerce titan announced a 1.1 billion USD financing round for its local life commerce arm Koubei. Investors include Silver Lake, CDH Investments, Yunfeng Capital, and Primavera Capital. Alibaba’s billionaire founder Jack Ma […]