Alibaba

Alibaba plans to invest in Mango Excellent Media Mango Excellent Media announced that the company planned to transfer 5.26% of the company’s equity through an agreement through public solicitation of transferees. On November 16, 2020, the company received a notice from the controlling shareholder, Mango Media, and communicated and contacted…

Farfetch, or 发发奇 fā fā qí. Chinese ecommerce giant Alibaba and Swiss luxury group Richemont will invest a combined $1.1 billion in U.K.-based online luxury retailer Farfetch, in a move that aims to capitalize on China’s growing luxury-goods market. Richemont (the company founded by a South African who owns Cartier) and…

The Xiamen International Center has been 24 years in the making China’s Singles Day shopping celebration concluded last week with a record $74 billion in deals recorded, including finding a new match for one of the country’s spinster real estate projects. Thanks to Alibaba’s Taobao website, which is best known…

Illustration by Derek Zheng On November 11, Qianxun Spatial Intelligence Inc. (Qianxun SI), a Chinese high-precision positioning and navigation provider, announced it will power the latest electric vehicles of Xpeng Motors, the New York–listed EV startup and a Tesla rival. Earlier, on October 30, Huawei announced (in Chinese) that its new flagship…

Jingdong (JD.com) annual active customer accounts increased by 32.1% to 441.6 million in the 12 months ended September 30, 2020 from 334.4 million in the twelve months ended September 30, 2019.In comparison, Pinduoduo’s annual active customers grew to 731.3 million and Alibaba’s 757 million.JD RetailSubscribers of JD PLUS, JD.com’s paid…

In what was the most anticipated scrap on the UFC Vegas 14 fight card, former UFC lightweight champion Rafael dos Anjos and Paul Felder went the full five rounds in an entertaining and memorable matchup. Dos Anjos returned to lightweight for the first time since a November 2016 loss to…

Beijing, China China should ensure financial innovation maintains fair competition and does not create oligopolies or construct barriers to entry, a Chinese regulatory official said Saturday. Xiao Yuanqi, chief risk officer at the China Banking and Insurance Regulatory Commission (CBRIC) told the Caixin Summit in Beijing that innovation should not undermine healthy competition or…

UFC Vegas 14 took place at the UFC Apex in Las Vegas on Saturday night, although it was missing three undercard bouts and the main event received a last-minute replacement. The replacement actually didn’t hurt the fight card, as Paul Felder put in a tremendous effort against Rafael dos Anjos…

UFC Vegas 14 results: Rafael dos Anjos calls for Conor McGregor title fight following baffling split decision win UFC Vegas 14 underwent a flurry of changes during fight week. Though three bouts slipped through the cracks between Friday and Saturday, the biggest shift was to the main event. Paul Felder…

Chinese internet users themselves seem to think that Ant Group deserves its comeuppance. On social media platform Weibo, comments on the IPO suspension were overwhelmingly positive, based on a widespread feeling that Ant Group — despite filling an important niche by providing financial services to small businesses and individual borrowers…