Chinese sovereign fund China Investment Corp (CIC) is reportedly joining a consortium led by Hillhouse Capital Group to buy Yum China Holdings, Inc., the operator of KFC and Pizza Hut in mainland China, according to a media report.
Alibaba Bought Stake In Turkish E-commerce Platform Trendyol At $750M Valuation
Chinese e-commerce Alibaba Group Holding Ltd. has acquired a majority stake in Turkish e-commerce platform Trendyol at an enterprise value of at least US$750 million, according to a U.S. media report citing insiders.
Alibaba’s Food Delivery App Ele.me Establishes Cooperation With Hellobike
After completing the docking with Alibaba’s Tmall store, Ali Health, RT-Mart, Freshhema and other commercial entities, Ele.me announced that it had completed the entrance docking with Hellobike.
Chinese Grocery Delivery Firm Dada-JD Daojia Raises $500M From Walmart And JD.com
Dada-JD Daojia, a Chinese online grocery delivery firm, has raised US$500 million from U.S. retailer Walmart and Chinese delivery giant JD.com in its latest round of financing, according to the company’s announcement.
Softbank’s Vision Fund To Invest $3B In Alibaba’s Food Delivery App Ele.me
SoftBank Group Corp.’s Vision Fund plans to lead an investment of US$3 billion to US$5 billion in Alibaba’s food delivery giant Ele.me, according to a Bloomberg report.
Sequoia Capital China, Boyu Capital Lead $200M Series D Round In Travel Booking Platform Klook
Sequoia Capital China and Boyu Capital have led a US$200 million series D round in Klook, a Hong Kong-based full-service in-destination booking platform.
JD.Com Launches First Cashier-Free Store Overseas In Indonesia
Chinese e-commerce firm JD.com Inc has opened its first cashier-free retail store overseas in Indonesia. The JD.ID X-Mart, newly opened in Jakarta, looks and operates similarly to cashier-free stores opened earlier by its rival Alibaba and many Chinese unmanned convenience store start-ups that emerged last year.
Ping An Capital Joins $2B Funding Round In Southeast Asia’s Ride-hailing Firm Grab
Didi-backed ride-hailing platform Grab Holdings Inc. (Grab) announced that it has raised US$2 billion for its current round of financing.
Alibaba’s Ele.me Rumored To Seek $3B In Fresh Capital To Finance Market Share Battle With Rivals
Alibaba’s food delivery service Ele.me is reportedly seeking a US$3 billion new funding round to finance an increasingly fierce market share battle with rival Meituan Dianping and new comer Didi Waimai, according to Chinese media reports citing insiders.
Pinduoduo, Freshly Listed, Claims Malicious Cyber Publicity Attack By Competitors
Chinese e-commerce platform Pinduoduo Inc. (PDD.O), which just completed a listing on the NASDAQ, said that it has suffered from a series of planned and malicious cyber publicity attack. Pinduoduo said it has reported the attack to the China Internet Network Information Center.
Sequoia Capital Leads $18M Series A+ Round In Marketing Firm Tikin Media
Sequoia Capital China has led a RMB120 million (US$17.7 million) series A+ round in Beijing-based marketing firm Tikin Media.
Hillhouse Capital Reportedly In Talks To Acquire Yum China
China’s Hillhouse Capital is reportedly in talks to buy Yum China Holdings, Inc., the operator of KFC and Pizza Hut, according to a media report.
Meituan Dianping Expands Offline Presence By Adding New Supermarkets In Wuxi
Chinese on-demand local services firm is expanding its offline presence with two more supermarkets in Wuxi city in Jiangsu province.
KKR Leads $1.56B Take-Private Deal Of Taiwanese Chemicals Producer LCY
A consortium led by KKR has agreed to acquire Taiwanese specialty chemicals producer LCY Chemical Corp. (TPE: 1704) for approximately TWD47.8 billion (US$1.56 billion).
Alibaba Buys $2.2B Stakes In China’s Digital Media Firm To Gain Offline Traffic
E-commerce giant Alibaba Group Holding Ltd., has agreed to buy a 10.3% stake in Shenzhen-listed digital media company Focus Media Information Technology for RMB15 billion (US$2.23 billion), according to the latter’s security filing.
JD Logistics Makes Strategic Investment In Smartphone Repair Start-up Jikexiu.com
JD.com’s logistics unit JD Logistics has led an undisclosed series B round in in Chinese smartphone repair start-up Jikexiu.com, as a strategic cooperation.
Tencent Expands E-commerce Investment By Leading Hundreds Of Millions Of RMB In Haoyiku
China’s social media giant Tencent Holdings Ltd. has led a series B round worth several hundred millions of RMB in Hangzhou-based e-commerce platform Haoyiku.
Pinduoduo Sets Terms For $1.5B IPO, Tencent and Sequoia Plan To Increase Stakes
Chinese e-commerce platform Pinduoduo aims to raise US$1.5 billion by selling 85.6 million American Depositary Shares (ADS) at a price range of US$16 to US$19, according to its IPO prospectus.
Qiming Venture Partners Lead $50M Series B Round In E-commerce Platform The Good Stuff
Qiming Venture Partners has led a US$50 million series B round in The Good Stuff, a community-based e-commerce platform.
Tiger Global Leads $150M Round In Consumer Electronics Recycle Start-up Aihuishou
Tiger Global Management has led a US$150 million round in Aihuishou, a Shanghai-based smartphone and consumer electronics recycle start-up.
Chinese Luckin Coffee Raises $200M Series A Round From GIC At Unicorn Valuation
Beijing-based on-demand coffee delivery service start-up Luckin Coffee has completed US$200 million series A round of financing from Singapore’s sovereign wealth fund GIC, China’s Legend Capital, Joy Capital, and Centurium Capital, according to its official announcement.
Cainiao Continues Expansion With $290M Investment In Chinese Logistic Firm Dianwoda
E-commerce giant Alibaba Group Holding Ltd’s logistic arm Cainiao Network has made a strategic investment of US$290 million in Hangzhou-based logistic service provider Dianwoda to become its controlling shareholder, according to Dianwoda’s announcement.
Goldman Sachs Leads $127M Series D Round In Chinese Fitness App Keep
Goldman Sachs has led a US$127 million series D round in Chinese fitness mobile app Keep, according to GGV’s announcement.
JD.com And L Catterton Asia To Invest $175M In Chinese Luxury Goods E-commerce Platform Secoo
China’s second largest retailer JD.com has partnered with L Catterton Asia, the Asian unit of global consumer-focused private equity firm L Catterton, to invest US$175 million in NASDAQ-listed luxury e-commerce platform Secoo Holding Limited as part of a partnership.
JD.com Introduces Hydrogen Energy Delivery Trucks To Further Its Sustainable Push
China’s second-largest retailer JD.com has introduced a fleet of hydrogen energy delivery trucks, which emit only purified water, in Shanghai.
Legend Capital Leads $87M Series B Round In Inventory Distribution Platform Aikucun
Legend Capital has led a RMB580 million (US$87 million) series B round in Aikucun, an online platform that connects fashion brands and professional online shoppers to help brands reduce their inventories.
Chinese Pregnancy And Parenting Portal Babytree Files For Hong Kong IPO
Chinese pregnancy and parenting online portal and e-commerce platform Babytree Inc., has filed for an initial public offering in Hong Kong, according to its IPO prospectus.
Tencent Rumored To Participate In $150M Investment In Indian Baby Care Retailer Firstcry
Chinese social media giant Tencent Holdings Ltd is in talks to participate in a US$100 million to US$150 million investment in Indian baby care retailer Firstcry, according to Indian media citing insiders.
Why Did Google Invest In China’s JD.Com? Here’s What Experts Think
News came yesterday that Google would invest US$550 million in cash in China’s second largest retailer JD.com Inc., as part of a strategic partnership. The two partners plan to collaborate on a range of strategic initiatives, including joint development of retail solutions and making some products of JD.com available for sale through Google Shopping channels in multiple regions.
Google Makes $550M Strategic Investment In JD.COM
Google will invest US$550 million in cash in China’s second largest retailer JD.com Inc., as part of a strategic partnership, according to JD.com’s announcement. The deal marks JD.com’s latest globalization efforts to rival Alibaba Group Holding and amazon.com Inc. In February, CEO Richard Liu announced plans to invest at least 1 billion Euro to build a logistics network in France. In April, JD.com launched its Spanish website joybuy.es to target 400 million Spanish-speaking users. Last year, the company formed a …
Alibaba, SoftBank Invest $222M In Indian E-commerce Platform Paytm Mall
China’s largest retailer Alibaba Group Holding has joined SoftBank to invest 15 billion India rupee (US$222 million) in Indian e-commerce platform Paytm Mall, as part of the 30 billion India rupee funding commitment initially announced in April, according to Indian local media reports.