alibaba group

‘Animate Anyone’ heralds the approach of full-motion deepfakes

As if still-image deepfakes aren’t bad enough, we may soon have to contend with generated videos of anyone who dares to put a photo of themselves online: with Animate Anyone, bad actors can pupp

Eat Just bags $25M, gets Alibaba’s help to sell alternative protein in China

China is a notoriously difficult market for international startups to crack, but one company seems to have found the recipe for wooing the country’s picky consumers. Three years after Eat Just l

SoftBank, Sequoia China back this ERP startup enabling China’s online exporters

Thanks to cross-border e-commerce platforms, China continues to be a major exporter of consumer goods for the world in the online shopping age. It’s not just marketplaces like Amazon and AliExpr

SoftBank to trim Alibaba stake to 14.6%, poised to book $34B gain

Masayoshi Son famously built his war chest by pumping $20 million into Alibaba two decades ago. Over the years the Chinese e-commerce behemoth has become a way for the billionaire founder of SoftBank

AppLovin wants to buy video game maker Unity for $20 billion

A year after going public, app growth and monetization agency AppLovin submitted an unsolicited proposal today to buy the game engine Unity in a deal worth $20 billion. But there’s a catch: Unit

Salesforce shutters Hong Kong office, leans on Alibaba in China

Salesforce is repositioning itself in China as it looks to expand the reach of its customer relationship management software in the country. The company is “accelerating” its strategic par

Jack Ma to give up control of fintech giant Ant Group: WSJ

China’s billionaire tech boss Jack Ma plans to cede control of Ant Group, the fintech powerhouse closely affiliated with Alibaba, the e-commerce giant he founded, The Wall Street Journal reporte

Promoted grabs more funding to help e-commerce marketplaces achieve profitability

For many marketplaces, those search, recommendation and ad functions are typically siloed, but Promoted has them all under one umbrella.

Alibaba extends logistics arm to Pakistan for e-commerce unit Daraz

Cainiao, the logistics service operated by Alibaba, is launching two automated distribution centers in Karachi and Lahore as its first entry into Pakistan, it announced on Friday. Alibaba’s over

Ant Group buys Singapore’s 2C2P to further global payments ambitions

Quietly, Alibaba’s fintech affiliate Ant Group has been building a global cross-border payments network by partnering with or investing in third-party e-wallets, banks, remittance services and o

Sequoia-backed SwooshTransfer raises millions of dollars to automate cross-border payments

China’s export-oriented e-commerce has been flourishing over the last few years as the world demands its electronics, fast fashion, sporting gear and other everyday goods. While the country&#821

China’s Zhiyi Tech raises $100M to help fashion brands predict bestsellers

In China, livestreaming promotion is emerging as a popular way for brands and influencers to reach consumers, challenging the traditional e-commerce model where users browse static pictures, read revi

New regulation in China to hit food delivery giants’ profit model

Between 2016 and 2020, the number of people who ordered food online in China doubled to 400 million. The boom was in part thanks to the generous subsidies shelled out by the country’s food deliv

China’s digital yuan wallet now has 260 million individual users

One of the fastest-growing apps in China right now, by installs, is the central bank’s digital yuan wallet: 261 million individual users (as opposed to enterprises), about one-fifth of the popul

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

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

Alibaba undergoes major management reshuffle

Alibaba is reassigning roles to four of its executives in one of the biggest reshuffles in its recent history, the company announced on Monday morning. Maggie Wu, the e-commerce titan’s former c

Lightspeed China raises $920M for new funds, adds five partners

Lightspeed China Partners, the China-focused vehicle of Lightspeed Venture Partners, said Tuesday it has closed the largest fundraising rounds in its history. The new injection came under three years

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
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