alibaba

Aigens scales digital menus in Asia with $14M round led by Ant

Aigens, a Hong Kong-based startup that provides online ordering and marketing tools for the food and beverage industry, picked up a fresh $14 million Series A funding round led by Ant Group, the finte

Quantifying the global e-commerce slowdown

What do recent e-commerce earnings results tell us about the post-pandemic e-commerce reality?

Yahaha raises $40M more for its user-generated, low-code immersive gaming platform

Yahaha, a Helsinki- and Shanghai-based immersive, user-generated, low-code gaming platform founded by a group of Chinese gaming vets, made a splash in January when it announced a cumulative $50 millio

Alibaba eyes logistics growth in LatAm as China commerce slows

Cainiao, the logistics arm of Alibaba, is traveling far from home to seek expansion for its business. The company recently launched its first parcel distribution center in Brazil, adding to its region

Nvidia touts a slower chip for China to avoid US ban

Two months after the U.S. choked off China’s access to two of Nvidia’s high-end microchips, the American semiconductor design giant unveiled a substitute with a reduced processing speed fo

Ant’s global play is to be a payments aggregator and it now reaches 1B users

After trying for years to replicate the success of its QR code-enabled payments solution overseas, Ant Group seems to have finally found a path to scaling. Instead of going after end users, the Alibab

Don’t panic — this isn’t Tencent’s first tie-up with a state-owned firm

News on Tencent and China Unicom caused a stir in China’s tech industry on Wednesday afternoon. The gaming and social networking behemoth and the state-owned carrier have received regulatory app

The alternative asset class needs new infrastructure — who will build it?

Just as traditional alternatives are becoming a consistent part of the modern portfolio, a new era of alternative assets is emerging, fueling a broader and more fragmented landscape for investing.

Nvidia the latest collateral damage in US-China tech war

Nvidia, the world’s largest maker of artificial intelligence chips, is at the heart of a new round of U.S. tech sanctions targeting China. Nvidia noted in an SEC filing that the U.S. government

A huge Chinese database of faces and vehicle license plates spilled online

A massive Chinese database storing millions of faces and vehicle license plates was left exposed on the internet for months before it quietly disappeared in August. While its contents might seem unrem

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

TikTok parent ByteDance just bought a hospital group in China

TikTok’s parent company ByteDance is making some pretty heavy bets on the healthcare space as it acquired Amcare, which runs high-end children’s and women’s hospitals across China. T

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

Public tech’s espresso shot is quite literally the cloud

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Last week we said that you needed to pay attention to the publ

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

China’s $1B fine on Didi could end the mobility giant’s troubled year

Didi, the Chinese ride-hailing behemoth that has undergone a year of regulatory overhaul, faces a fine of over 8 billion yuan ($1.28 billion) from the country’s authorities, The Wall Street Jour

Shanghai gives nod to NFT trading platforms

After flagging concerns over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology. Th
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