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.
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 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 …
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.
Alibaba’s fintech affiliate Ant Financial has made a strategic investment in Xingbianli, a checkout-free convenience store operator that focuses on placing snack bars in offices. The size of the investment in Sequoia-backed Xingbianli was not disclosed.
Health Mall, a Guangzhou-based online sports equipment and services platform has raised a RMB500 million (US$78 million) series C round, the firm announced at a press conference in Guangzhou.
China’s largest retailer Alibaba Group Holding Ltd has made a strategic investment to acquire 10% stake in Chinese pregnancy and parenting online portal and e-commerce platform Babytree Inc., valuing the later at RMB14 billion (US$2.19 billion), according to Chinese media reports citing insiders.
Chinese e-commerce giant Alibaba Group Holding Ltd. wants to invest over RMB100 billion (US$15.6 billion) on smart logistics to improve delivery reach and efficiency, the company’s founder and executive chairman Jack Ma said this morning at a conference in Hangzhou.
In a move that further threatens Chinese e-commerce giant Alibaba Group Holding’s dominance in omni-channel retail, Chinese conglomerate Dalian Wanda Group will join tech giant Tencent Holdings Ltd. to set up an Internet technology firm to strengthen its position in retail, according to Wanda’s announcement.
Alibaba Group Holding Limited (NYSE: BABA) and its logistic arm Cainiao Network have led a strategic investment of US$1.38 billion in Chinese express delivery company ZTO Express, in exchange for an approximately 10% stake in the company.
Chinese incubator and venture capital firm Sinovation Ventures has invested RMB37.5 million (US$5.8 million) in return for a 3% stake in a unite of Tencent-backed Chinese fresh produce retailer Yonghui Superstores.
Chinese e-commerce firm JD.com Inc plans to debut a new in-car delivery service in partnership with Chinese electric vehicle company NIO.
Alibaba Group Holding has joined Chinese travel service provider Ctrip.com International, Ltd. to invest RMB400 million (US$63 million) in a series D1 round of financing in Meiweibuyongdeng, a mobile app that helps restaurants better manage their bookings and customer wait times.
Xiaomi-backed Chunmi Electronics Technology Co., Ltd., a rice cooker and kitchen appliance maker, has completed a series C round of financing led by Guangkong Zhongying Capital. No financial details have not been disclosed.
Xiyun International, a Chinese group meal catering company, has raised US$200 million in a series A round of funding from Ant Financial, CDH Investment and Koubei, a local commerce portal under Alibaba and Ant Financial.
Meili Inc., a Tencent-backed online fashion retailer, is planning to raise a total of US$500 million in an initial public offering in the U.S., according to media reports citing insiders.
Chinese social E-commerce platform Yunji has completed a US$120 million Series B funding round led by CDH Investment, with the participation by Huaxing New Economic Fund.
American retailer Walmart Inc. has opened its first smart supermarket in Shenzhen, China equipped with the logistics support of the country’s second largest retailer JD.com and Tencent’s mobile payment system, according to an official WeChat post.
Airbnb has emailed its hosts in China that the company will start sharing host information with the Chinese government to comply with local laws and regulations as soon as March 30th.
KKR today announced the launch of a multi-brand digital marketing company in China, as the global investment firm aims to create a consolidated marketing platform in the segmented Chinese digital marketing space.
Alibaba Group Holding Ltd. today said it will inject a further US$2 billion into Southeast Asian online shopping giant Lazada to accelerate the region’s e-commerce development.
Starbucks Coffee Co. is launching two pet-friendly cafes in China, a differentiation strategy to compete with the rising local bubble tea and coffee brands.
Chinese venture capital firm Tiantu Capital and an affiliate have partnered with Zhou Hei Ya International, a Chinese fast food chain known for its spicy braised duck, to establish a RMB3 billion (US$475 million) fund to invest in the consumer sector.
Hong Kong-based real estate investment firm Gaw Capital Partners said it has completed a deal to acquire a retail portfolio comprising 17 shopping centers in Hong Kong via one of its funds and consortium partners including Goldman Sachs.
Tencent Holdings Ltd. and JD.com Inc. plan to invest US$140 million and US$117 million respectively for minority stakes in Chinese retail chain Better Life Commercial Chain Share Co., Ltd., in the latest transaction after a string of deals in the retail and e-commerce sector for the pair.
Alibaba Group Holding Ltd. will invest around RMB5.45 billion (US$865 million) for a 15% strategic stake in Beijing Easyhome Furnishing Chain Store Group Co., Ltd. as part of its "New Retail" business model, the company announced Sunday.
China Money AI is our news writing robot. These articles are edited by humans Tencent has invested over RMB100 billion (US$16 billion) in more than 600 companies during the past six years to build an empire worth over US$500 billion, making it the sixth biggest company in the world. Now the Chinese social networking and gaming giant is eyeing the next battlefield it plans to win: the core retail business of its arch rival Alibaba Group.
China’s tech giant Baidu Inc. is seeking a new funding round of up to US$2 billion for its wholly-owned finance unit to push into the financial services sector and compete with Alibaba Group Holding Ltd and Tencent Holdings Ltd, according to media reports citing insiders.
Tencent Holdings Ltd. is reported to have lead a RMB10 billion (US$1.59 billion) deal to invest in Chinese menswear group Heilan Home Co Ltd., the latest in a string of investments in the brick-and-mortar retail space by Tencent as it competes with e-commerce giant Alibaba.
Chinese agribusiness company New Hope Group has led a US$92 million series B round in Meiliche Financial, a secondhand car financial services platform, with participation from personal finance management firm Wacai, the company announced.
Tencent Holdings Ltd. has teamed up with investors including Suning Holdings Group, long-time partner JD.com Inc. and Chinese property developer Sunac China Holdings Group to acquire around 14% of Dalian Wanda Commercial Properties Co. for approximately RMB34 billion (US$5.4 billion), the Chinese social networking and gaming giant said today.