alibaba

China’s robotaxis charged ahead in 2021

Autonomous driving startups in China are in an arms race to put passengers in their machine-driven vehicles. Every few weeks, news arrives that another major player has got the greenlight to launch a

Ivorian e-commerce startup ANKA, formerly Afrikrea, raises $6.2M pre-Series A

A study by McKinsey & Company on general e-commerce activities in Africa says consumer spending will reach over $2 trillion in the next three years. Much of this spending falls under the importati

Tencent offloads stakes in allies as it continues investment spree

Chinese internet titan Tencent is divesting its vast portfolio. On Tuesday, the company announced plans to offload more than $3 billion worth of shares in Sea, a Singaporean internet conglomerate, tri

Kindle’s China future in doubt after disappearing from online shelves

Since Kindle began shipping in China nearly nine years ago, the e-book giant has garnered a loyal following in the country. The journey has never been easy, thanks to regulatory hurdles around digital

AI chip maker Kneron raises $25M for autonomous driving push

AI chips, which are semiconductors designed to accelerate machine learning, have many applications. One of the promising use cases, according to Albert Liu, is using AI chips in autonomous driving veh

India’s Cars24, a used-vehicle sales platform, raises $400M, now at a $3.3B valuation, to double down on growth

With supply chains in the automotive industry continuing to be disrupted due to COVID-19, demand has surged in the used-car market. Today, one of the startups that’s seeing a lot of growth as a

Alibaba’s Southeast Asia arm Lazada hits 130M annual consumers

Alibaba has always aspired to bring its e-commerce service to customers outside China. Its strategy is multi-thronged. The giant’s house-developed AliExpress has found success in Russia in recen

Apple iCloud, Twitter and Minecraft vulnerable to ‘ubiquitous’ zero-day flaw

A number of popular services, including Apple iCloud, Twitter, Cloudflare, Minecraft and Steam, are reportedly vulnerable to a zero-day vulnerability affecting a popular Java logging library. The vuln

Easol raises $25M for its experiences and event marketing, booking and payments platform

The gradual return of tourism and travel in the wake of the COVID-19 pandemic continues to see a wave of startups raising rounds of funding to meet new opportunities in the market. In the latest devel

Equity Monday: When does a selloff become a rout?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Despite the advanced week, news is still coming in hot and hea

Why Pinduoduo is putting all its profit into agriculture

For the past few years, Pinduoduo has been widely regarded as Alibaba’s strongest challenger. While Alibaba reported 863 million annual active consumers across its retail platforms in the 12 mon

Meru.com takes in new capital toward its goal of being LatAm’s ‘Alibaba’

Meru customers can select and purchase products in minutes with a guarantee from the company that they will receive those products and at the best market prices.

China banning foreign IPOs would be pretty unsurprising

China is considering removing the VIE loophole that allowed Chinese companies to list in the United States, closing a method by which local companies could access foreign capital.

Ant is changing how consumers borrow money from its app

In December 2020, Beijing laid out a guideline for Ant Group to “rectify” its business after calling off its IPO, which could have been the largest initial public offering in history. In t

China’s AI giant SenseTime readies Hong Kong IPO

One of China’s biggest AI solution providers is a step closer to its initial public offering. SenseTime has received regulatory approval to list on the Hong Kong Stock Exchange, according to med

Paytm falls 27% on first trading day after India’s largest IPO

Indian fintech giant Paytm, backed by SoftBank and Alibaba, lost more than 27% in its first day of trading Thursday. The valuation of the firm, which raised $2.5 billion in India’s largest init

4 strategies for setting marketplace take rates

One of the most important things founders should remember is that maximizing the take rate of the platform is not the goal.

Workiz raises $40M on a surge of interest for productivity tools aimed at home service teams

We may hear a lot about how big businesses are undergoing digital transformation, but the trend isn’t exclusively limited to them, and today a startup that’s building better productivity t

Temasek seeks emerging tech in China as it halts internet investments

China’s sweeping clampdown on its internet industry has chilled investors and startups betting on once red-hot areas like games and e-commerce. But investors aren’t slowing their pace in t

Chinese EV startup Nio’s journey to the West

Nio, a Chinese electric vehicle startup listed on the NYSE, will be in at least six European markets by 2022. The firm shared its ambitions for Europe on its earnings call this week. Nio is already ta
Load More