alibaba
As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting the fintech interests of Tencent,…
Europe urges e-commerce platforms to share data in fight against coronavirus scams
European lawmakers are pressing major e-commerce and media platforms to share more data with each other as a tool to fight rogue traders who are targeting consumers with coronavirus scams.…
Pulled Ant Group IPO costs Alibaba nearly $60B in market cap
News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares. This afternoon, equity in sister-company Alibaba is off…
China postpones Ant’s colossal IPO after closed-door talk with Jack Ma
The Shanghai stock exchange announced postponing Ant Group’s colossal initial public offering, a day after Chinese regulators weighed a slew of new fintech rules and summoned Jack Ma and other…
Daily Crunch: Facebook launches cloud gaming service
Facebook gets into cloud gaming while continuing its public dispute with Apple, Ant Group prepares for a massive IPO and Pinterest embraces iOS widgets. This is your Daily Crunch for…
Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPO
The long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong exchanges. Shares for…
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Quibi is dead
Plagued with growth issues, Quibi, a short-form mobile-native video platform, is shutting down, according to multiple reports. The startup, co-founded by Jeffrey Katzenberg and Meg Whitman, had raised nearly $2 billion in its lifetime as a private company. Quibi did not respond to requests for comment from TechCrunch. The company’s prolific fundraising efforts spanned prominent…
The OpenStack Foundation becomes the Open Infrastructure Foundation
This has been a long time coming, but the OpenStack Foundation today announced that it is changing its name to “Open Infrastructure Foundation,” starting in 2021. The announcement, which the…
Alibaba Group will spend $3.6 billion to take control of Chinese supermarket giant Sun Art
Alibaba Group said today it will spend about $3.6 billion to take a controlling stake in Sun Art, one of China’s largest big-box and supermarket chains. After the transaction is…
Lead Edge Capital just closed on $950 million from a whopping 500 investors
Lead Edge Capital, a software-focused venture firm with one office in New York and another in California, was founded just 11 years ago. Yet it’s already managing $3 billion in…
The South Korean government has made no secret of its ambition to be a key player in the global artificial intelligence industry, including making the semiconductors powering AI functionalities. This…
Shenzhen, known for its maker community and manufacturing resources, is taking the lead in trialing China’s digital yuan. Last week, the city issued 10 million yuan worth of digital currency…
Thailand’s logistics startup Flash Express raises $200 million
Flash Express, a two-year-old logistics startup that works with e-commerce firms in Thailand, said on Monday it has raised $200 million in a new financing round as it looks to…
Hong Kong logistics unicorn Lalamove unveils foray into the US
Lalamove, an on-demand logistics service active in China, Southeast Asia and Latin America, has officially entered the U.S. seven years after launch. As the COVID-19 pandemic keeps millions of Americans home,…
TikTok’s Chinese rival Kuaishou becomes a popular online bazaar
In China, short video apps aren’t just for mindless time killing. These services are becoming online bazaars where users can examine products, see how they are grown and made and…
APAC cloud infrastructure revenue reaches $9B in Q2 with Amazon leading the way
When you look at the Asia-Pacific (APAC) regional cloud infrastructure numbers, it would be easy to think that one of the Chinese cloud giants, particularly Alibaba, would be the leader…
China’s logistics titan YTO nets close to $1B from Alibaba in overseas push
E-commerce has brought in a logistics boom in China over the last decade, transforming small-town delivery businesses into multinational corporations. One leading player, YTO, is gearing up for international expansion…
Fresh off a $40 million Series A round, edge AI specialist Kneron today announced the launch of its newest custom chip, the Kneron KL 720 SoC. With funding from the…
China’s Alibaba won’t invest in Indian startups for at least six months, report says
Chinese internet giant Alibaba Group has put on hold plans to invest in Indian startups amid geo-political tensions between the two countries, Reuters reported Wednesday, citing two unnamed sources. The…
The Station: Polestar 2 drive, Tesla splits and a chat with Motional’s Karl Iagnemma
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome…
More Chinese phone makers could lose US apps under Trump’s Clean Network
More than a third of the world’s smartphone sales come from Chinese vendors Huawei, Xiaomi and Oppo. These manufacturers have thrived not only because they offer value-for-money handsets thanks to…
Jack Ma’s fintech giant Ant starts IPO process in Hong Kong and Shanghai
The Jack Ma-controlled Ant Group finally sets in motion what the market has been anticipating for years. The financial services and payments behemoth said Monday that it has kickstarted the…
China’s EV startup Xpeng pulls in $500 million Series C+
Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored…
Autonomous vehicle startup AutoX lands driverless testing permit in California
AutoX, the autonomous vehicle startup backed by Alibaba, has been granted a permit in California to begin driverless testing on public roads in a limited area in San Jose. The…
The speculation that Alibaba’s fintech affiliate Ant Group will go public has been swirling around for years. New details came to light recently. Reuters reported last week that the fintech…
MariaDB raises $25M more to expand its SkySQL cloud database platform
Cloud services continue to be a key component of how organisations remain operational even as so much else — such as physically working in enclosed offices — is forced to…
Beyond Burger arrives in Alibaba’s grocery stores in China
Beyond Meat is starting to hit supermarket shelves in China after it first entered the country in April by supplying Starbucks’ plant-based menu. Within weeks, it had also forayed into…
SoftBank and Alibaba seem to be pulling apart, Amazon launches a no-code app builder and a new congressional bill takes a different approach to online protections. Here’s your Daily Crunch…
Masayoshi Son resigns from board of Alibaba; defends SoftBank Group’s investment strategy
SoftBank Group founder Masayoshi Son said on Thursday he is leaving the board of Jack Ma’s Chinese e-commerce giant Alibaba Group today, a month after Ma left the board of…
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world.…
