Alibaba

Alibaba suspended its acquisition of iQiyi, a long video platform and a subsidiary of Baidu, due to the lack of agreement on valuation. Tencent, which has been holding separate talks with Baidu, is also putting the plan on hold. It is said that ByteDance may also consider acquiring iQiyi, but…

Jack Ma’s Alibaba has chosen one more logistics opportunity In today’s roundup of regional news headlines, delivery platform Pickupp receives financing from venture funds tied to Alibaba and Swire, PropertyGuru snaps up a Malaysian property data firm, and a Japanese developer and its media company partner agree to buy the…

China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday. UNLOCK DATASubscribe & Access the Best Data and Intelligence on Chinese Venture Capital and TechRegister…

On Nov.29, a post on Sina Weibo, Chinese largest microblogging platform, claimed that Alibaba’s music streaming platform Xiami Music（虾米音乐) is going to close down permanently in January 2021. The author was reportedly Universal Music Marketing Director Xiang Zheng and the post went viral in a few hours with official accounts…

What Happened: On November 21, Pinduoduo launched the “Italian National Pavilion” wine-focued livestreaming sessions hosted in partnership with the Italian Foreign Trade Commission (ITA). 420,000 Pinduoduo users ensured the initiative was a great success. Over 20,000 wines and food specialities were sold during the event. Wine transactions, in particular, proved…

The company will use the new funds to extend its footprint to 10 major markets across Asia Pacific within the next five years.Read More

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There’s no lack of news these days on China’s tech giants teaming up with traditional carmakers. Companies from Alibaba to Huawei are striving to become relevant in the trillion-dollar auto industry, which itself is seeking an electric transition and intelligent upgrade as 5G comes of age. State-owned automaker SAIC Motor,…

China's clouds grew by 65 per cent in 2020's third quarter, collectively hauling in $5bn of revenue in the period. So says analyst firm Canalys, whose best estimates suggest spending grew by $750m compared to 2020's second quarter and $2bn year-on-year. Some of the surge was attributed to "restarting of…

Key Takeaways:Alibaba has created many environmentally-friendly initiatives, including its 2019 Singles’ Day Go-Green campaign that over 200 million people took part in.The COVID-19 pandemic has strengthened the belief that environmental sustainability is now a necessity, and new consumer behaviors reflect this.In a country that used to be a symbol of…