Alibaba Group
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Trends
Alibaba’s UCWeb to launch an e-commerce service in India
UCWeb, a subsidiary of Chinese giant Alibaba, plans to launch an e-commerce service in India in the coming months. In…
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Trends
Tencent brings cloud service to Japan in global push
The world’s largest video game publisher is looking outside its home country for growth. Tencent, the Chinese internet behemoth that…
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Trends
EBay picks 5.5% stake in India’s Paytm Mall
EBay said today it is buying a 5.5% stake in e-commerce marketplace Paytm Mall as the global firm makes another…
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Finance
Warburg Pincus announces new $4.25 billion fund for China and Southeast Asia
Warburg Pincus, the private equity fund with over $60 billion under management, is doubling down on Asia after it announced…
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Carrefour sale shifts the balance of power in China’s new retail battle
Hot on the heels of Amazon’s decision to shutter its local marketplace, Carrefour — another global commerce giant — is…
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Alibaba proposes share split ahead of reported $20B Hong Kong IPO
Alibaba is being heavily linked with a public listing in Hong Kong, which could reportedly happen in Q3 and raise…
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STARTUPS
A young entrepreneur is building the Amazon of Bangladesh
At just 26, Waiz Rahim is supposed to be involved in the family business, having returned home in 2016 with…
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STARTUPS
Alibaba-backed facial recognition startup Megvii raises $750 million
One of China’s most ambitious artificial intelligence startups, Megvii, more commonly known for its facial recognition brand Face++, announced Wednesday…
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Trends
Yahoo spin-out Altaba is selling its entire Alibaba stake and closing down
Bye-bye, Altaba. The Yahoo spin-out created to house Yahoo’s lucrative stake in Alibaba and Yahoo Japan announced today that it…
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