Alibaba

Tata Group, the Mumbai-headquartered USD 113 billion conglomerate is close to buying 80% stake in e-grocer BigBasket for USD 1.3 billion after five months of negotiations. The deal, which is expected to be a combination of the primary and secondary share sale, values BigBasket at around USD 1.6 billion, said…

Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What…

Xiami’s management hasn't made an official announcement in response to the rumors about its closure.Read More

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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