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 complete, Alibaba Gr
Alibaba Group has acquired about RMB 4.36 billion ($635 million) worth of convertible bonds in Red Star Macalline, one of China’s biggest furniture retailers. If converted, this would give Alibaba a
Meituan-Dianping (3690.HK) enjoyed a strong debut today in Hong Kong, a sign that investors are confident in the Tencent-backed company’s prospects despite its cash-burning growth strategy, heavy co
Tencent-backed Maoyan Weiying, China’s largest online movie ticketing service, has filed for a public offering on the Hong Kong stock exchange. The company, which submitted a prospectus under the na
Meituan-Dianping is reportedly aiming for a $55 billion valuation in its upcoming initial public offering in Hong Kong, but the company’s net losses and increasing competition from Alibaba are a
“Instant booking” apps that let tourists sign up for activities on very short notice have been in the news a lot lately, partly because of Klook’s new unicorn status, but also because of the pro
After months of speculation, Meituan, the largest service booking app in China, confirmed that it has filed for a public offering. The company’s IPO application was submitted to the Hong Kong stock
As expected since February, Alibaba will buy all outstanding shares of Ele.me that it doesn’t already own. Best-known for food deliveries, Ele.me claims to be China’s biggest online delivery and l
There are numerous daily tasks that can be solved with ease in the U.S. In comparison, the lack of training, standardization and process in Brazil creates chronic inefficiencies in the service sector
Alibaba Pictures, the film and television subsidiary of Alibaba Group, has raised a 1.7 billion RMB (about $260 million) Series A for its online ticketing platform, Taobao Movie. According to a filing
Chinese Internet giant Tencent, the maker of WeChat, has pinned down a strategic investment with indoor mapping startup sensewhere. The total amount of the deal was undisclosed, but the companies said
Baidu is focusing aggressively on online-to-offline (O2O) sales, one of the hottest forms of e-commerce in China, but its near-term earnings growth is still under pressure. The company’s shares drop
Online-to-offline (O2O) commerce and providing ultra-speedy local deliveries are two of Alibaba’s main growth targets. Now the e-commerce giant is significantly increasing its commitment to both ver
To many U.S. consumers, QR codes already seem like a quaint tech relic, but they continue to be very popular in China. So it’s not a huge surprise that Visualead, an Israeli startup that specializes
FreeCharge, an India-based online platform that lets user earn coupons when they add money to their prepaid mobile phone plans or pay utility bills online, has raised a $33 million Series B from retur
The growth of e-commerce behemoths like <a target="_blank" href="http://www.amazon.com">Amazon</a> and the convenience they offer to shoppers have been especially hard on local brick-and-mortar stores
Alibaba has agreed to pay $692 million for a 35% stake in Intime Retail, which operates department stores throughout China. The two companies will form a joint initiative to focus on offline-to-online
Touchten, a Jakarta-based mobile games startup, announced today that it plans to add an online-to-offline (O2O) feature to its games, which it hopes will attract and engage users who don't use credit