Chinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5B
Posted in Alibaba alibaba group asia Automotive Beijing China Fundings & Exits nio TC Tech Tencent Tesla

Chinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5B

The U.S. IPO window may be wide open for Chinese tech firms, but electric vehicle maker Nio has conservatively cut the target for its NYSE…

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Alibaba goes big on Russia with joint venture focused on gaming, shopping and more
Posted in Alibaba alibaba group AliExpress alipay asia ceo chairman China daniel zhang digital banking e-commerce economy europe food delivery Funding Fundings & Exits Getty-Images India Jack Ma mail mail.ru Mail.ru Group megafon online marketplaces Paytm Russia smartphones Social Media Southeast Asia Tech Turkey world wide web

Alibaba goes big on Russia with joint venture focused on gaming, shopping and more

Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture with one of the country’s leading internet companies. Russia is…

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Alibaba announces CEO Daniel Zhang will succeed Jack Ma as chairman next year
Posted in Alibaba alibaba group China daniel zhang Jack Ma TC Tech

Alibaba announces CEO Daniel Zhang will succeed Jack Ma as chairman next year

Following speculation about Jack Ma’s imminent retirement, Alibaba Group announced today that its CEO, Daniel Zhang, will succeed Ma as chairman next year. After stepping…

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Jack Ma says he isn’t about to retire from Alibaba but is planning a gradual succession
Posted in Alibaba alibaba group asia business ceo chairman coo daniel zhang Donald Trump e-commerce eCommerce Entrepreneur internet access Jack Ma media online payments South China Morning Post Southeast Asia teacher Tech The New York Times

Jack Ma says he isn’t about to retire from Alibaba but is planning a gradual succession

Reports of Jack Ma’s impending retirement are greatly exaggerated, it seems. Ma, the co-founder and executive chairman of Alibaba, has pushed back on claims that he is on…

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China’s Didi suspends carpooling service after another female passenger is mudered
Posted in Alibaba alibaba group asia carsharing China Collaborative Consumption didi Didi Chuxing driver Ele.me law enforcement Meituan Meituan-Dianping mobike Tech transport Uber Vice President

China’s Didi suspends carpooling service after another female passenger is mudered

Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber’s China business, has suspended its carpooling service after the murder of a…

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China’s Didi suspends carpooling service after another female passenger is murdered
Posted in Alibaba alibaba group asia carsharing China Collaborative Consumption didi Didi Chuxing driver Ele.me law enforcement Meituan Meituan-Dianping mobike Tech transport Uber Vice President

China’s Didi suspends carpooling service after another female passenger is murdered

Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber’s China business, has suspended its carpooling service after the murder of a…

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E-commerce drives Southeast Asia’s Sea to record revenue but big losses remain
Posted in Alibaba alibaba group asia e-commerce economy Garena Internet online marketplaces sea Southeast Asia Tech world wide web

E-commerce drives Southeast Asia’s Sea to record revenue but big losses remain

Sea, one of Southeast Asia’s largest internet companies, continues to see losses although its growing e-commerce business helped it hit record revenue. The Tencent-backed company…

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Korea’s Naver backs Southeast Asia-based e-commerce startup iPrice
Posted in Alibaba alibaba group asia asia venture group david chmelar e-commerce econa Fundings & Exits Gobi Partners India Indonesia kuala lumpur line ventures Malaysia Naver Singapore Southeast Asia Starstrike Ventures Tech venturra capital vietnam

Korea’s Naver backs Southeast Asia-based e-commerce startup iPrice

iPrice, an e-commerce aggregation service in Southeast Asia, has landed a strategic investment from Naver, the Korean internet giant valued at over $21 billion, as…

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SoftBank’s Vision Fund to help Chinese online insurance giant ZhongAn go international
Posted in Alibaba alibaba group asia China consumer finance Didi Chuxing Fundings & Exits Japan online payments Paytm Softbank SoftBank Group Tech Tencent Vision Fund zhong an ZhongAn

SoftBank’s Vision Fund to help Chinese online insurance giant ZhongAn go international

SoftBank’s Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company — which has struggled for stability…

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Walmart co-leads $500M investment in Chinese online grocery service Dada-JD Daojia
Posted in Alibaba alibaba group asia China e-commerce eCommerce economy europe Fundings & Exits germany Google grab JD JD.com online stores Retail retail stores Software Southeast Asia Tech Tencent Uber United States Walmart WeChat Yihaodian

Walmart co-leads $500M investment in Chinese online grocery service Dada-JD Daojia

Walmart sold its China-based e-commerce business in 2016, but the U.S. retail giant is very much involved in the Chinese internet market through a partnership…

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Magic Leap One AR headset for devs costs more than 2x the iPhone X
Posted in alibaba group Andreessen Horowitz AR Augmented Reality Gadgets Google Magic Leap Magic Leap One mixed reality Tech United States virtual reality wearable devices Wearables

Magic Leap One AR headset for devs costs more than 2x the iPhone X

It’s been a long and trip-filled wait but mixed reality headgear maker Magic Leap will finally, finally be shipping its first piece of hardware this…

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Fast-growing Chinese media startup ByteDance is raising $2.5B-$3B more
Posted in Alibaba alibaba group Ant Financial apps asia Beijing bytedance China didi Didi Chuxing musical.ly online payments Software Tech The Financial Times The Wall Street Journal tiktok Toutiao Uber United States

Fast-growing Chinese media startup ByteDance is raising $2.5B-$3B more

Fast-growing Chinese media startup ByteDance is looking to raise as much as $3 billion to continue growth for its empire of mobile-based entertainment apps, which…

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LemonBox brings US vitamins and health products to consumers in China
Posted in Africa Alibaba alibaba group asia Beijing business China Co-founder e-commerce economy eric migicovsky Fundings & Exits India lemonbox Pebble Software Southeast Asia Startup company startup-school stitch fix Tech United States Walmart Wandoujia WeChat Y Combinator

LemonBox brings US vitamins and health products to consumers in China

China is rising in many ways — the economy, consumer spending and technology — but still many of its population looks overseas, and particularly to…

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Starbucks partners with Alibaba on coffee delivery to boost China business
Posted in Alibaba alibaba group apps asia Beijing China e-commerce Ele.me hema JD.com Meituan-Dianping online marketplaces Retail Shanghai starbucks taobao Tech Tmall United States

Starbucks partners with Alibaba on coffee delivery to boost China business

Starbucks is palling up with Alibaba as it seeks to rediscover growth for its business in China. China has been a bright spot for some…

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The incredible rise of Pinduoduo, China’s newest force in e-commerce
Posted in alibaba group asia China costco Director e-commerce eCommerce economy Funding Fundings & Exits Groupon JD.com lightspeed major online marketplaces online shopping Shanghai Social Media social networks Software taobao TC Tech Tencent United States viral marketing WeChat

The incredible rise of Pinduoduo, China’s newest force in e-commerce

Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. From Alibaba to JD, China is not short of…

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FinAccel raises $30M to build a digital credit for Southeast Asia
Posted in Alibaba alibaba group apps asia Australia e-commerce eCommerce economy Finance Funding Fundings & Exits Gaming Indonesia PayPal shopback Singapore Softbank Southeast Asia Tech

FinAccel raises $30M to build a digital credit for Southeast Asia

FinAccel, a Southeast Asia-based startup that offers a digital credit card service in Indonesia, has closed a $30 million Series B round as it begins…

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FinAccel raises $30M to build a digital credit card for Southeast Asia
Posted in Alibaba alibaba group apps asia Australia e-commerce eCommerce economy Finance Funding Fundings & Exits Gaming Indonesia PayPal shopback Singapore Softbank Southeast Asia Tech

FinAccel raises $30M to build a digital credit card for Southeast Asia

FinAccel, a Southeast Asia-based startup that offers a digital credit card service in Indonesia, has closed a $30 million Series B round as it begins…

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Kredivo raises $30M to build a digital credit card for Southeast Asia
Posted in Alibaba alibaba group apps asia Australia e-commerce eCommerce economy Finance Funding Fundings & Exits Gaming Indonesia PayPal shopback Singapore Softbank Southeast Asia Tech

Kredivo raises $30M to build a digital credit card for Southeast Asia

FinAccel, a Southeast Asia-based startup that offers a digital credit card service in Indonesia, has closed a $30 million Series B round as it begins…

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