Alibaba

(Source: DeepRoute.ai) DeepRoute.ai, an L4 autonomous driving company in China, announced on Tuesday that it had completed the B round of financing of $300 million, which was led by Alibaba, followed by previous shareholders such as Fosun RZ Capital, Yunqi Partners and Glory Ventures, as well as industrial funds under…

The digital yuan app is loaded with RMB 200. (Image credit: TechNode/Jiayi Shi) Alibaba sells out 50 digital mooncakes in non-fungible tokens (NFTs), ahead of the Mid-Autumn Festival. The Bank of International Settlement urges central banks worldwide to act fast and develop their own national digital currency. Beijing’s regional equity…

Google has been fined 207.4 billion won (around $177 million) in South Korea for abusing its dominant market position to stop device manufacturers from using modified versions of Android, Bloomberg reports. Specifically, the Korea Fair Trade Commission (KFTC) is taking issue with the anti-fragmentation agreements (AFA) Google has manufacturers like…

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A truck and a sedan enabled with Deeproute’s self-driving technology drove on public roads in Shenzhen on September 5, 2021. (Image credit: Deeproute.ai) Deeproute.ai, a Chinese self-driving car startup, announced Tuesday that it had raised more than $300 million in a Series B led by Alibaba. Why it matters: The…

Shenzhen-based autonomous driving startup DeepRoute.ai has raised USD 300 million in a Series B funding round led by Alibaba Group and other venture capital firms, including Jeneration Capital and a fund under Geely Auto Group. Previous investors Fosun RZ Capital, Yunqi Partners, and Glory Ventures also participated in the round.…

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Author of the article: SHANGHAI — China’s industry ministry has told technology companies including Alibaba Group Ltd and Tencent Holdings Ltd to stop blocking each other’s website links from their platforms, the 21st Century Business Herald said Saturday. The newspaper, citing unnamed sources, said the Ministry of Industry and Information…

Alibaba.com launched a new dropshipping solution and a US$500,000 grant program to enhance SMEs’ e-commerce capabilities on 7 September 2021. Merchants can purchase products from third-party suppliers that can ship products directly to the consumer. Aliababa.com’s new one-stop dropshipping solution enables users to test new products from platform-vetted merchants, provide…