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Alibaba

Alibaba

Douyin is testing a food delivery feature

Chinese short video app Douyin is testing a new food delivery feature, Chinese media Tech Planet reported Thursday. Douyin’s parent company ByteDance is heading to a crowded sector dominated by local services app Meituan and Alibaba’s Eleme. Douyin is testing the service, called Xindong Waimai, and has yet to release it…
bubmag
July 16, 2021
Alibaba

Alibaba’s map app AutoNavi evolves into open service platform

Alibaba-backed mapping app AutoNavi is evolving into an “open service platform” to integrate a range of dining, entertainment, and lifestyle services, chairman Yu Yongfu said at a press conference in Beijing on Thursday. China’s most popular map app, with more than 47 million monthly active users as of November 2020,…
bubmag
July 16, 2021
Alibaba

India food delivery giant Zomato kicks off $1.3bn IPO

Food delivery giant Zomato on Wednesday launched its much-anticipated IPO to raise 93.75 billion rupees ($1.3 billion), India's biggest this year and the first of a series of public listings by tech unicorns. Zomato -- which counts subsidiaries of Uber and Jack Ma's Ant Group among its existing shareholders --…
bubmag
July 15, 2021
Alibaba

Zebra Zhixing Receives Capital Increase of ¥3 Billion

(Source: Zebra Zhixing) On Wednesday, Zebra Zhixing announced that Alibaba Group, SAIC Group, SDIC and Yunfeng Fund jointly increased their capital by ¥3 billion in Shanghai. Zhang Chunhui, co-CEO of Zebra Zhixing, said that the company would increase investment in the research and development of its operating systems to facilitate…
bubmag
July 14, 2021
Alibaba

Alibaba and Tencent to Open up Services to Each Other

(Source: The Grey Rhino) China’s two online competitors, Alibaba and Tencent, are gradually considering opening up their services to each other, according to a Wall Street Journal report on Wednesday. Alibaba’s plans to introduce Tencent’s WeChat Pay to its own e-commerce platforms, Taobao and Tmall. In return, Tencent may allow…
bubmag
July 14, 2021