alibaba group

Chinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group

Beijing-based, bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s bigg

Momo buys Tantan, China’s Tinder, for over $600M as Chinese social networks consolidate

WeChat is far and away the biggest messaging platform in China at the moment, and that is helping to drive a push among the smaller players to get together for better scale. Today, Momo, the Chinese l

Former state Senator Jeremy Ring talks about the first days of Yahoo

In this episode of Technotopia I talk to Jeremy Ring, a former Florida state senator and author of We Were Yahoo!, a meditation on his career as one of the first employees at Yahoo . Ring has a lot to

Alibaba signs deal with Disney to stream its animated shows in China

Alibaba Group’s entertainment unit has signed a major licensing deal to show many of Disney's animated series and movies on Youku, its streaming video service, and other distribution channels. The a

Alibaba invests $2.9B in hypermarket operator Sun Art to continue its offline retail push

Alibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm annou

Another blockbuster quarter for Alibaba as revenue surges 61%

Alibaba’s stellar financial performance continues unabated after the Chinese e-commerce giant again beat analyst expectations thanks to impressive growth in its core business at home. The firm r

Open source database startup MariaDB confirms $27M investment led by Alibaba

Open source database startup MariaDB has announced a new $27 million round of funding led by Alibaba, confirming the news that TechCrunch reported in September. As we wrote then, Alibaba contributed t

China’s leads $19M investment in Southeast Asian online fashion brand Pomelo

This year has seen unprecedented interest in Southeast Asia’s startups from Chinese tech firms, and today we can add another deal to the pile., the close rival to Alibaba, has led a $19 m

Alibaba Group will invest $15B into a new global research and development program

Alibaba Group announced today that it plans to invest more than $15 billion over the next three years into a global research and development initiative called Alibaba DAMO Academy. The Chinese tech g

Alibaba is leading a $27M investment in open source database startup MariaDB

Alibaba has spent 2017 pushing its cloud computing business and now it is preparing to make its first major investment in a Western startup in the space. The Chinese e-commerce giant has agreed to lea

Alibaba’s Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong

Ant Financial, the Alibaba affiliate that operates payment service Alipay and other digital finance products, has continued its Asia expansion with a move into Hong Kong. Alipay and Alibaba’s My

Alibaba pays $807M to take majority ownership in logistics affiliate Cainiao

Alibaba is getting serious about logistics after it agreed to invest RMB 5.3 billion ($807 million) in order to take majority ownership in subsidiary company Cainiao. Cainiao was created four years a

Google is hiring AI talent from China even though it’s still blocked in the country

Google’s core search service has been blocked in China for over seven years, but that isn’t stopping the internet giant from snapping up artificial intelligence and machine learning talent

Alibaba leads $1.1B investment in Indonesia-based e-commerce firm Tokopedia

Alibaba has continued its push into Southeast Asia after it led a $1.1 billion investment in Tokopedia, an e-commerce firm based in Indonesia. A valuation for the deal was not announced, but the compa

Alibaba’s profit doubles to $2.1B after another huge quarter of business

Alibaba had another blockbuster quarter of business as its profits almost doubled. The Chinese e-commerce giant reported net profit of 14 billion RMB ($2.1 billion) for its recent quarter that finish

Alibaba, Tencent, Didi and other tech firms pour $12B into mobile operator China Unicom

China is about to take net neutrality to the next level after a group of influential tech companies that includes Baidu, Alibaba, Tencent, Didi Chuxing and agreed to invest nearly $12 billion i

Alipay partners with Yelp to continue its pursuit of Chinese tourist money

Ant Financial, the Alibaba affiliated valued at $60 billion, is continuing to follow Chinese tourists and their wallets overseas after it inked a deal with Yelp in the U.S.. The partnership allows Al

SoftBank partners with China’s Ofo to bring its dock-less bikes to Japan

A month after committing to help WeWork enter Japan, SoftBank is lending a hand to another global unicorn with its sights set on the country. Today, it announced a tie-in that will bring Ofo’s d

Alibaba ups its stake in Southeast Asia’s Lazada with $1 billion investment

Alibaba is doubling down on Southeast Asia after it announced a deal to pay close to $1 billion to raise its stake in e-commerce firm Lazada from 51 percent to 83 percent. The Chinese firm made an ini

Yahoo SVP Adam Cahan to exit after Verizon acquisition closes

Another high-profile Yahoo executive, SVP of Mobile and Emerging Products Adam Cahan, will leave the company as the acquisition by VerizOath: comes to a close. This news via multiple sources comes ami
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