Kingsoft Corp‘s subsidiary Kingsoft Cloud announced that the company has obtained US$20 million series A funding from Russian entrepreneur and venture capitalist Yuri Milner, according to local Chinese media.
Suzhou-based travel B2B platform Ba Zhua Yu Online, or Octopus, says the company has received RMB150 million ($25 million) series A funding from Vision Knight Capital and SB China Capital (SBCVC).
Beijing-based mobile antivirus product LBE Security Master has received tens of millions U.S. dollar investment from Alibaba, according to Chinese media reports.
Shanghai-based online education platform and English-language learning institution TutorGroup has received strategic investment from SBI Group, according to media reports.
Hong Kong-listed television and film production firm ChinaVision Media Group says that Hangzhou-based Chinese e-commerce giant Alibaba Group has agreed to buy a 60% stake in the company for about HK$6.24 billion ($804 million), according to a company announcement.
Beijing-based O2O (online-to-offline) outbound travel service provider Byecity.com has received US$20 million series B round of funding from Alibaba Group and China Broadband Capital (CBC), according to Chinese media reports.
Beijing-based department store operator Intime Retail says Alibaba Group Holding Ltd. has agreed to invest HK$5.37 billion ($692.25 million) in the company, according to an announcement of Intime Retail.
The author is Fitch Ratings associate director Michelle Leong Alibaba Group’s investment in Intime Retail (Group) Co. will strengthen Intime’s capability to expand its O2O (online-to-offline) business, while providing long-term funding source for the company’s on-going expansion needs.
A company 99.14% owned by Alibaba Group’s founder Jack Ma has signed an agreement to acquire 20.62% of Shanghai-listed financial software company Hundsun Technologies Inc. for RMB3.299 billion ($530 million) in cash, according to a company announcement.
Hangzhou, Zhejiang province-based Wasu Media has signed an agreement with Hangzhou Yunxi Investment Partnership Enterprise, in which the latter will pay RMB6.54 billion ($1.05 billion) to acquire a 20% stake of the company, according to a company announcement of Wasu.
NASDAQ-listed Chinese digital mapping and navigation firm AutoNavi Holdings Limited says that it has entered into a definitive merger agreement to be acquired by Alibaba Group Holding Ltd. in a go-private deal, according to a company announcement.
So, how is your 2014 going? For Jack Ma, the past five months were one crazy shopping spree. The 49-year-old billionaire founder and executive chairman of Alibaba Group has been involved in eight major deals with a tally of close to US$5 billion. That’s equal to writing a check of around US$1 billion every month. And, we didn’t count the small peanuts like the US$15 million Alibaba invested in U.S. luxury e-commerce firm 1stdibs, or the US$20 million it co-invested …
The founders of Chinese Internet giant Alibaba Group Holding Ltd. have established a US$3 billion charitable trust to help improve China’s environment, according to Alibaba’s official Sina Weibo account.
Beijing-based video sharing platform Youku Tudou Inc. says that it has agreed to have Alibaba Group and Yunfeng Capital invest a total of US$1.22 billion in exchange for a 18.5% stake of the company, according to a company announcement.
The author is Tian X. Hou, founder and CEO of Chinese equity research firm T.H. Capital Youku Tudou announced today that it has agreed for a $1.22 billion investment from Alibaba Group. The investment will give Alibaba an 16.5% stake of Youku. Yunfeng Capital will take a 2% stake in return.
Chinese e-commerce giant Alibaba Group Holding Ltd. has committed US$100 million to Yunfeng Capital‘s second U.S. dollar fund as a limited partner, according to a securities filing submitted by Alibaba.
Chinese e-commerce giant Alibaba Group Holdings has set up a film company in Hong Kong to further expand its presence in the entertainment and media industry, according to a regulatory filing.
Hangzhou-based Chinese e-commerce giant Alibaba Group Holdings Ltd. will promote French brands to Chinese consumers through its online platforms, according to a memorandum of understanding signed between Alibaba’s founder Jack Ma and French foreign minister Laurent Fabius.
Hangzhou-headquartered Chinese e-commerce giant Alibaba Group Holding has agreed to take a 50% stake in Guangzhou Evergrande Football Club for RMB1.2 billion (US$192 million), according to media reports.
Hangzhou-headquartered Chinese e-commerce giant Alibaba Group Holding says it would acquire the remaining stake of mobile-browser company UCWeb it doesn’t already own for an undisclosed amount, according to Alibaba’s official Weibo account.
Chinese Internet giant Alibaba Group plans to list on the New York Stock Exchange with the ticker symbol “BABA”, according to an updated securities filing with the U.S. Securities and Exchange Commission submitted on June 26.
San Francisco-based mobile game developer Kabam Inc. says it has entered into a strategic collaboration with China’s Alibaba Group to publish popular Kabam mobile games in China across Alibaba Group’s mobile applications including Mobile Taobao and messaging app Laiwang, according to a company announcement made by Kabam.
China’s e-commerce giant Alibaba Group has priced its U.S. IPO at US$68 per share, much higher than its initial price range of US$60 to US$66 apiece, raising a total of US$21.8 billion in a New York Stock Exchange debut, if not counting proceeds from over-allotment options. This will make the float the third largest IPO in the world. If the over-allotment options are exercised in full, Alibaba’s IPO could reach US$25 billion, and become the biggest ever IPO globally.
Alibaba Group Holdings is to establish a commercial bank in its home base of Hangzhou, Zhejiang province, after the China Banking Regulatory Commission approved its application, according to a notice posted on the Chinese banking regulator’s website. Having its own commercial bank will afford Alibaba greater control over many of its key services, including online payment and wealth management products.
Hangzhou-based Chinese e-commerce giant Alibaba Group Holding Ltd. has agreed to acquire a 15% stake in Shenzhen-listed Chinese hospitality technology provider Beijing Shiji Information Technology Co., Ltd. for RMB2.81 billion ($457 million), according to a regulatory filing to the Shenzhen Stock Exchange. This is the first major investment announced by Alibaba after its record-breaking US$25 billion New York IPO over a week ago.
Hangzhou-based Chinese e-commerce giant Alibaba Group Holdings Ltd. has invested US$50 million in U.S. app maker Peel, according to media reports. Alibaba, which just completed the world’s largest IPO last month raising US$25 billion on the New York Stock Exchange, previously invested US$5 million last year in one of the start-up’s four previous venture funding rounds.
Alibaba Group Holding Ltd.‘s financial services arm, Ant Financial Services Group, has been officially established, according to a company announcement. Formerly known as Small and Micro Financial Services Company, the company initiated its formation process in early 2013. It is comprised of Alipay, Alipay Wallet, Yu’e Bao, Zhao Cai Bao, Ant Credit and MYbank, which is currently being established.
Hangzhou-based Chinese e-commerce giant Alibaba Group Holdings Ltd. says its online travel business, Taobao Travel, will become an independent business and be re-branded as Alitrip, according to a company announcement. Like Taobao Marketplace, Tmall.com and Juhuasuan, Alitrip will be another marketplace platform under Alibaba Group with a new independent web domain www.alitrip.com. “This initiative is part of our…vision to diversify the company’s products and services and become central to the everyday lives of consumers,” says Li Shaohua, general manager of …
California-headquartered mobile security and cryptographic technology firm V-Key Inc. says that it has received US$12 million series B financing from freshly established Ant Financial Services Group, the financial services arm of Alibaba Group Holding Ltd., according to a company announcement. An existing investor, venture capital firm IPV Capital, also participated. The company says it will used the proceeds to pursue global expansion and further strengthen their technology offerings.
Shenzhen-listed movie, television and music production firm Huayi Brothers Media Corp. plans to raise RMB3.6 billion (US$588 million) by issuing 145 million shares at RMB24.83 per share to four Chinese institutions in a private placement deal, according to a securities filing. Hangzhou Ali Venture Investment Co., Ltd., an entity 80% controlled by Alibaba Group Holdings’ founder Jack Ma, with the other 20% held by Alibaba co-founder Xie Shihuang, will subscribe 61.7 million shares for a total of RMB1.53 billion.
Hangzhou-based Chinese financial software company Hundsun Technologies Inc. says it has signed an agreement with three strategic investors to inject RMB390 million (US$63.5 million) into one of its subsidiaries, with the hope to develop it into a leading financial data services firm in China, according to a securities filing. The three investors include financial media firm Shanghai China Business Network Co. Ltd., Ant Financial Services Group, the financial services arm of Alibaba Group Holding Ltd., and an investment firm controlled …