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.
China’s Tencent Holdings Ltd. has made a strategic investment in American media company Skydance Media, LLC as part of a production and distribution partnership, according to Skydance’s announcement.
Chinese tech giant Tencent Holdings Ltd. and Shanghai Stock Exchange-listed Yonghui Superstores has signed a term sheet with Carrefour regarding a potential investment in Carrefour China, the French retailer announced today.
Alibaba Taiwan Entrepreneurs Fund, a non-profit initiative of Alibaba Group Holdings Ltd., has led a RMB100 million (US$15 million) series B round in Space Cycle, a Taiwanese fitness brand.
China’s e-commerce platform JD.com Inc. has agreed to co-lead a series C round in Vietnam’s leading business-to-customer e-commerce platform Tiki, marking JD.com’s latest push in the Southeast Asian market to compete with Alibaba Group Holding Ltd and Amazon.com Inc.
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money in at around 5pm each workday.
Venture capital firm GGV Capital and Joy Capital have led a US$50 million series C round in Xinshang, a customer to customer marketplace for secondhand luxury goods in China.
Chinese online game streaming platform Chushou TV announced that it has raised a series D round from Google Inc. and existing investors Qiming Venture Partners, Shunwei Capital and Alpha X Capital.
Fosun International Ltd. announced plans to acquire 18% of Tsingtao Brewery Co., Ltd. for US$844 million, as the Chinese conglomerate appears inclined to ink more deals in the consumer sector while unwinding some of its property investments.
Chinese tech giant Tencent Holdings Ltd. plans to buy a 5% stake in Shanghai Stock Exchange-listed Yonghui Superstores, in a move to compete against rival Alibaba Group Holding Ltd. in the new retail space.
When you are Jack Ma, you never think small. The founder and executive chairman of Chinese technology giant Alibaba Group Holding Ltd. says he thinks that Yunfeng Capital, the private equity fund he co-founded, will one day rival the most powerful money managers in the world.
Chinese Internet retail giant Alibaba Group Holding Limited has formed a strategic alliance with French retailer Auchan Retail S.A. and Ruentex Group to pursue new opportunities in China’s food retail sector. As part of the strategic alliance, Alibaba will invest a total of HK$22.4 billion (US$2.88 billion) to obtain an aggregate 36.16% stake in Sun Art Retail Group Ltd., a Chinese hypermarket operator listed on the Hong Kong Stock Exchange. Alibaba is buying the stake from from Ruentex, for around …
Alibaba Group Holding Ltd. has led a US$335 million series E round in Chinese used car online transaction platform Souche, with participation from Warburg Pincus, Primavera Capital and CMB International. This round takes place less than 12 months after the a US$100 million series C round completed in November 2016 led by Ant Financial, and less than 6 months after a US$180 million series D round completed in April 2017 led by Warburg Pincus. After this round of financing, Alibaba …
Dah Chong Hong Holdings Ltd., a Hong Kong-listed distributor and dealer of motor vehicles in Greater China, said it plans to partner with its parent company that is a subsidiary of CITIC Ltd. to establish an investment fund to back consumer and healthcare companies.
When China’s largest footwear retailer Belle International was delisted from the Hong Kong Stock Exchange in July following a US$6.8 billion take-private deal, the news was greeted with melancholy. "The Official Fall Of The King Of Shoes", read one headline, catching the sentiment of the time.
Chinese Internet giant Alibaba Group Holding Ltd. has agreed to make an additional investment of RMB5.3 billion (US$807 million) to increase its ownership of Cainiao Network and to become a controlling shareholder of its logistics services affiliate.
Venture capitalists are throwing money at China’s cashier-free convenience stores. But will they actually make money, or learn once again that retail, even tech-driven retail, is a brutal business of low margins, low barriers to entry and high fixed costs?
U.S. investment firm Tiger Global Management LLC and China’s Genesis Capital have led a US$230 million series C+ round in MissFresh, a Chinese fresh produce e-commerce platform in China backed by Tencent Holdings and other investors.
Whenever I see a small company having a startling large impact on the world, I look for an engine. I look for something that is amplifying what a relatively small number of people are doing. For example, the engine that rocketed Facebook (and Wechat) upwards was the economics and psychology of social media (plus viral marketing). The engine that powered Macau to become five times Las Vegas in a few years was the psychology of gambling plus 1.4B Chinese consumers. …
Alibaba Innovation Ventures, Softbank China and Sequoia Capital China have jointly led a US$50 million series C round in Yi23, a women’s clothing rental start-up. GSR Ventures, IDG Capital, Zhen Fund and a number of other Chinese investment firms also participated, according to a company announcement.
Yi+, a Chinese artificial intelligence start-up developing machine vision technology for content marketing, has raised a RMB100 million (US$14 million) series B round from Haitong Securities, financial services company Bairongjun Group and The Bank of Beijing.
Another Chinese copycat of Amazon Go has raised venture funding. Venture capital firm Lightspeed China Partners has led an angel round of over RMB100 million (US$14 million) in Xingbianli, a checkout-free convenience store operator that focuses on placing snack bars in offices.
Citybox, a Chinese smart vending machine operator backed by Alibaba’s Ant Financial and its personal credit rating service Sesame Credit, has raised a US$15 million series A round from GGV Capital, Yunqi Partners, Blue Lake Capital and Zhen Fund.
Chinese venture capital firm IDG Capital has led a series A round in Guoxiaomei, a cashier-free convenience store operator that places snack bars in corporate offices. Financing details were not disclosed, but IDG has likely invested tens of millions of RMB in the start-up, including in an earlier pre-A round completed last month.
Chinese investment and advisory firm RJ Capital Group has teamed up with Shenzhen-based conglomerate Tempus Holdings to launch a new US$300 million investment fund to back companies benefiting from the trend of consumer upgrade in China.
Chinese e-commerce giant JD.com Inc.’s financial services spin-out, JD Finance, has set up its first consumer-focused early stage venture fund, Qianshu Capital, to back innovative start-ups that help meet increasing consumer demand in China.