Jiangsu Suning Bank Co., Ltd., a private online bank backed by Suning Commerce Group Co., Ltd., officially launched Friday, as …
Alibaba Launches Tmall World To Serve 100M Overseas Chinese Shoppers
Alibaba Group Holding Ltd. announced today the official launch of Tmall World as part of its globalization strategy. The new …
Alibaba Cloud To Open New Data Centers In India And Indonesia
Alibaba Cloud, the cloud computing arm of Alibaba Group Holding Ltd., announced today that it plans to establish new data …
Fosun Leads $14M Round In Chinese Cloud Computing Firm CloudCare
Chinese conglomerate Fosun Group has led a nearly RMB100 million (US$14 million) series C round in CloudCare, a Shanghai-based cloud …
Chinese VCs Are Loving Autonomous Driving Tech
What is hot in China's venture capital land nowadays besides artificial intelligence? The answer: autonomous driving. Back in 2015, when …
Alibaba Expands Equity Stake In Retail Management Solution Firm Baison
Alibaba Group Holding Ltd. has agreed to acquired ten million shares of Shanghai Baison Software Co., Ltd, a retail management …
Alibaba Acquires 18% Of Supermarket Unit Of Bailian Group
Chinese e-commerce giant Alibaba Group Holding Ltd. continues to expand its holdings in brick-and-mortar retail assets, announcing a deal to …
Alibaba, Ant Financial Said To Lead $1B Round In China Online Food Delivery Start-up Ele.me
Alibaba Group Holding Ltd. and its financial services affiliate Ant Financial plan to lead a US$1 billion funding round in …
Jack Ma Says China Will Handle One Billion Packages Daily By 2025
Jack Ma, founder and executive chairman of Chinese Internet giant Alibaba Group Holding Ltd., predicts that the number of express …
Alibaba Health Acquires Parent's Nutrition Supplement Unit For $490M
Hong Kong stock exchange-listed Alibaba Health Information Technology Ltd. said it would acquire a nutritional supplement unit of its parent …
Alibaba Teams Up With Germany's Bosch To Develop Smart Devices
Alibaba Group Holding Ltd has formed a strategic partnership with German industrial manufacturer Bosch Group GmbH to develop interconnected smart …
Alibaba To Bolster E-Commerce In Pakistan Under Agreement With Trade Bureau
Alibaba Group Holding Ltd. has signed a memorandum of understanding with the Trade Development Authority of Pakistan to foster growth …
BAT Might Become JAT As JD.Com Value Catches Up With Baidu
BAT, a term used to describe the three dominant Chinese Internet giants Baidu, Alibaba and Tencent, could soon become JAT, …
Alibaba's Payment Unit Partners With First Data To Expand Alipay In US
Alipay, Alibaba Group's third-party payment service, has teamed up with U.S. payment solutions provider First Data to expand Alipay's reach …
Alibaba Nets $1 Billion Via Momo Share Sale In Ultra-Lucrative Exit
Chinese e-commerce giant Alibaba Group has netted at least US$1 billion in proceeds by selling most of its shares of …
Alibaba's Yu'eBao Becomes First Chinese Fund Management Firm With Over RMB1 Trillion In Assets
The operators of Yu’eBao, a fund management service for individual investors owned by Alibaba Group's Alipay, has become the first …
Alibaba To Host Summit In Detroit To Help US Businesses Sell To China
Chinese e-commerce giant Alibaba Group Holding Ltd. plans to host a two-day conference in Detroit on June 20 and 21 …
Check Out The Coolest Tech Company Headquarters In China
The rise of China's technological prowess is reflected in the size of its tech companies: Tencent is among the world's …
Alisports Partners With Asian Olympic Council To Bring eSports To 2022 Games
Alisports Group, the sports affiliate of Alibaba Group Holding Ltd., has announced a strategic partnership with the Olympic Council of …
China's Lenovo To Invest $1.2B In AI, Big Data And IoT In Next Four Years
China's Lenovo Group Ltd. plans to invest US$1.2 billion in the research and development of artificial intelligence, big data, and …
China's Xinhua News Agency Teams Up With Alibaba In Bid To Transform Itself
Shanghai-listed Xinhua Net Co., an online news platform majority owned by Chinese state media organization Xinhua News Agency, plans to …
Alibaba-Backed Best Logistics Plans $1 Billion US IPO
Chinese logistics firm Best Logistics Technology Co., backed by Alibaba Group Holding Ltd. and Hon Hai Precision Industry Co., is …
Alibaba's Sports Unit Alisports Rumored To Seek $170M From Investors
Shanghai-based Alisports, the sports unit of Alibaba Group Holding Ltd., is in the process of raising a RMB1.2 billion (US$170 …
Tencent Joins $1.4B Round In Indian E-Commerce Platform Flipkart
Tencent Holdings Ltd, eBay Inc. and Microsoft Co. have led a US$1.4 billion in Flipkart, India's leading e-commerce platform. The …
Cainiao, SBCVC Lead $29M Round In Chinese Logistic Robot Firm Flashhold
Alibaba Group Holding Ltd's global parcel tracking platform Cainiao Network and SB China Venture Capital (SBCVC) have led a RMB200 …
Didi Ponders SoftBank-Led $6B Investment As China's Ride Share Giant Suffers Volume Declines
China's Uber equivalent Didi Chuxing is considering whether to take a US$6 billion investment backed by SoftBank Group Corp. – …
Alibaba To Generate 30% Of Jobs In China’s Digital Economy
By 2035, the “Alibaba economy” could generate about 30% of all the jobs available in China’s digital economy, according to …
Alibaba Acquires Chinese Online Ticketing Platform Damai.Cn
Alibaba Group Holding Ltd's cultural and entertainment group has fully acquired Damai.cn, a Bejing-based online ticketing platform, according to a …
Alibaba, Chinese Delivery Firms Team Up To Fight Pollution With Billions of Greener Packages
A total of 31.3 billion packages were delivered in China in 2016, up 51.7% year-on-year and taking a 43% share …
Ant Financial's $880M MoneyGram Acquisition Put In Question As US Rival Offers Higher Bid
Ant Financial Services Group's US$880 million deal to acquire Dallas, Texas-based U.S. money transfer company MoneyGram International Inc. was put …
Alibaba Leads $18 Round In Swiss AR Company Wayray
Alibaba Group Holding Ltd. has led a US$18 million series B round in Swiss holographic augmented reality developer Wayray, according …