Alibaba splits into six in biggest overhaul in 24 years
Alibaba never fails to show it’s a fan of restructuring to stay nimble in an ever-changing environment. The e-commerce behemoth said Tuesday that it will split into six business groups, which wi
Alibaba founder Jack Ma returns to China after a year of uncertainty
Jack Ma’s whereabouts are making headlines again, roughly a year after the billionaire founder of Alibaba disappeared from the public eye. Ma had chosen to stay abroad despite China’s effo
Amid ChatGPT frenzy, a hundred followers bloom in China
Technological breakthroughs in the U.S. never fail to inspire challengers, followers and opportunists in China. It’s ChatGPT’s turn to capture the imagination of the world’s largest
‘Most active investor’ FJ Labs closes on $260M across two new funds
Fabrice Grinda says he never intended to run a venture firm. He just really (really) enjoyed angel investing. In fact, by late 2013, when he was on the verge of selling the global classifieds marketpl
Are Arm and Ant Group’s derailed exits back on track?
Once an exit gets off the rails, and under current market conditions, it is just not easy to get back on track.
Alibaba CEO to oversee cloud arm following major server outage
When Alibaba’s former CEO Jack Ma passed the torch to Daniel Zhang, he established a system that regularly rotates executives to ensure the company always stays agile in the fast-changing intern
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