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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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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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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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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Posted in Alibaba China Fundings & Exits hong kong Meituan Meituan-Dianping O2O TC Tech Tencent

Meituan reportedly targets $55B valuation for Hong Kong IPO, leading to concerns that may be too high

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…

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Posted in Alibaba Cloud cncf computing Developer dns Enterprise Google IBM Kubernetes microsoft oracle sap TC Tech vmware

Google steps back from running the Kubernetes infrastructure

Google today announced that it is providing the Cloud Native Computing Foundation (CNCF) with $9 million in Google Cloud credits to help further its work…

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Posted in Alibaba Cloud cncf computing Developer dns Enterprise Google IBM Kubernetes microsoft oracle sap TC Tech vmware

Google takes a step back from running the Kubernetes development infrastructure

Google today announced that it is providing the Cloud Native Computing Foundation (CNCF) with $9 million in Google Cloud credits to help further its work…

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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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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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Posted in Alibaba Amazon Web Services Cloud cloud marketshare earnings TC Tech

Alibaba continues to gain cloud momentum

When Alibaba reported its earnings yesterday, the cloud data got a bit buried in other stories, but it’s worth pointing out that its cloud business…

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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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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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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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Posted in Alibaba amazon China Google Hardware Tech Xiaomi

China is the fastest growing smart speaker market

No surprise that smart speaker sales are on the rise. That certainly comports with recent numbers from NPD. The latest report from Canalys, however, pulls…

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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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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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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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Posted in Alibaba amazon artificial intelligence asia Cloud data localization data sovereignty Google government India infosys microsoft Policy Tech

India may become next restricted market for U.S. cloud providers

Data sovereignty is on the rise across the world. Laws and regulations increasingly require that citizen data be stored in local data centers, and often…

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