Alibaba Group Holding Ltd. reported quarterly results today and said that it has agreed to a 33% stake in Ant Financial to end the current profit-sharing arrangement between the parent company and its financial services affiliate.
Alibaba Group Holding Ltd. is reportedly near investing US$100 million in Indian logistics company XpressBees in exchange for a significant minority stake, as the Chinese e-commerce and tech giant continues to fortify its position in the Southeast Asian e-commerce market.
China Merchants Capital Investment Co., Ltd. has led a series C round worth over US$100 million in yMatou.com, an online cross-border e-commerce platform.
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.
DCM Ventures has led a US$31.8 million series B round in 51zhaoyou.com, a business-to-business petroleum e-commerce platform.
Investors are again throwing money at China’s online used-car e-commerce market. After a decade of massive new car sales, the Chinese used car market is growing fast and potential profits abound. But with the market highly fragmented and rival online-to-offline players burning cash faster than buyers can drive cars off the lot, one can’t help wondering if this market is about to crash, and which investors will get hurt.
Tmall, Alibaba Group Holding Ltd’s business-to-customer e-commerce platform, has invested US$300 million in Yiguo.com, a fresh produce e-commerce platform.
Chinese venture capital firm Joy Capital has led a RMB700 million (US$105 million) series D round in Shopex, a Shanghai-based e-commerce software and services provider.
Chinese e-commerce giant Alibaba Group Holding Ltd. is reportedly in talks with Indian mobile payments and e-commerce platform Paytm E-Commerce Pvt to acquire a 20% stake of Bigbasket, India’s largest online grocery store, for US$200 million.
IDG Capital has led a RMB330 million (US$53 million) series B round in Epet.com, a Chongqing city-based high-end pet products e-commerce platform.
Chinese venture firm Eastern Bell Venture Capital has led a RMB40 million (US$6 million) series A round in Haizol.com, an industrial parts e-commerce vertical, with participation by Woofoo Capital, the venture capital arm of Tsinghua Asset Management.
Alibaba Entrepreneurs Fund, an investment unit of Alibaba Group supporting start-ups in Hong Kong and Taiwan, has teamed up with Hong Kong businessman Adrian Cheng to lead a RMB100 million (US$14 million) series B round in DayDayCook, a Hong Kong-based start-up providing cooking videos and recipes.
China-focused venture capital firm GGV Capital has led a US$10 million series A round in Yamibuy, an e-commerce platform focused on selling specialty Chinese and Asian goods to Asian consumers living in North America. Chinese private education firm New Oriental Education & Technology Group Inc. also participated in the round.
Warburg Pincus has led a US$100 million series C round in Baturu, a Chinese auto part e-commerce platform, with participation from Eastern Bell Venture Capital, according to a company announcement.
Yunfeng Capital, a private equity firm founded by Alibaba’s Jack Ma and Chinese entrepreneur David Yu, has teamed up with Lang Sheng Investment to lead a RMB120 million (US$17 million) series A round in Chinese online drug store Yao123.com.
China’s National Small and Medium-size Enterprises Development Fund has led a nearly RMB100 million (US$14 million) series B round in Neigou.com, a Beijing-based company developing employee benefits platform.
Alibaba Group Holding Ltd has formed a strategic partnership with German industrial manufacturer Bosch Group GmbH to develop interconnected smart devices, strengthen collaboration in big-data-based digital marketing and omnichannel retailing.
Everbright-IDG Industrial Fund, an investment vehicle jointly established by China Everbright Ltd and IDG Capital, has led a series F round in Wish.com, a Silicon Valley-based cross-border e-commerce firm co-founded by a Chinese engineer.
Tencent Holdings Ltd, eBay Inc. and Microsoft Co. have led a US$1.4 billion in Flipkart, India’s leading e-commerce platform. The financing round values the Indian online shopping company at US$11.6 billion post-money, below the company’s previous valuation of US$15 billion when it raised a US$700 million funding round in 2015. In addition, eBay announced that it would sell its Indian business to Flipkart, together with its US$500 million cash investments, in exchange for an equity stake in the company, according …
Eight Roads Ventures, formerly Fidelity Growth Partners, has led a series C round investment in Beijing-based parenting platform MAMA+. GSR Ventures, Lightspeed Venture Partners, Steamboat Ventures, the venture capital arm of The Walt Disney Company, and unnamed Chinese investment institutions also participated in the financing round, which is reportedly worth tens of million of U.S. dollars.
By 2035, the “Alibaba economy” could generate about 30% of all the jobs available in China’s digital economy, according to a new report published by management advisory firm Boston Consulting Group.
K2 Qiyun, an Internet and medical care fund established by K2VC, and Engage Capital have led an over RMB100 million (US$14 million) series B round in Ms.Onion DFS, a Guangzhou-based cross-border e-commerce platform, according to Chinese media reports.
Contrary to worries that China’s online-shopping boom might run out of steam, the market will sustain its momentum and more than double in size over the next several years, according to a new report from Goldman Sachs.
Several Shenzhen-based RMB funds, including Shenzhen New Industry Venture Capital, Shenzhen Weiji Investment Company and Qianhai Great Wall Fund Administration (Shenzhen) Co., Ltd. have invested RMB1 billion (US$150 million) in a series A round in Maihuolang, a Beijing-based e-commerce platform serving China’s rural communities.
As venture capital investors tightened their purse strings following often-unrealistic valuations, start-ups in China have suffered from a lack of funding since the latter part of 2015. According to Chinese start-up and venture data tracker IT Juizi, a total of 1,390 start-ups have shut operations as of mid-January, accounting for 3% of all Chinese start-ups.
Alibaba Group Holding Ltd. has established a strategic partnership with traditional retailer Bailian Group to explore new forms of retail opportunities, the companies announced today.
Alibaba Group Holding Ltd., Suning Commerce Group and Tencent Holdings Ltd. are rumored to be interested in acquiring RT-Mart International Ltd., a Taipei-headquartered hypermarket chain that operates 409 hypermarket complexes across 28 provinces in China via a joint venture.
As smartphone penetration plateaus in China, Internet companies in China are eagerly hunting for the next major platform that will sustain continuous growth. But before the dawn of the next technological revolution, how to maintain growth momentum in such a saturated market is the biggest question for all players.
Alibaba’s anti-piracy fight just got a bit trickier as the Chinese e-commerce giant finds that companies are making false complaints for "fake products" on its online shopping platforms.
Chinese e-commerce giant Alibaba is teaming up with major logistics and transportation companies including UPS, FedEx, Maersk and DHL to drive down the cost of overseas shipping faced by smaller Chinese exporters, the company said today.
U.S. retail giant Wal-Mart Stores, Inc. has increased its stake in Chinese e-commerce firm JD.com Inc. to 12.1% as of the end of 2016, up from 10.8% last October, deepening its partnership with China’s second largest online shopping platform behind Aliababa, according to a securities filing.