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Logistics provider Ninja Van added Alibaba as a new investor as it raised $578 million in a late stage funding round, the Singapore-based firm said on Sunday. Existing investors to participate in the round included Europe’s GeoPost/DPDgroup, B Capital Group…
An Alibaba-backed fund has invested an undisclosed amount in Vietnamese retail chain Homefarm. The investment by eWTP Technology and Innovation Fund is a “seven-digit figure,” the company’s CEO Tran Van Truong said. Homefarm, which has around 150 stores that…
China’s Alibaba Group Holding missed analyst estimates for first-quarter revenue on Tuesday, as its e-commerce business was hurt by rising competition from smaller players such as JD.Com and Pinduoduo I. Alibaba’s results mirror those of e-commerce giant…
Delivery startup Loship has raised $12 million from a consortium co-led by an Alibaba-backed investment fund. The lead investors are BAce Capital, which counts Ant Financial of Jack Ma as its largest limited partner, and Hong Kong investment firm Sun Hung Kai…
Chinese e-commerce giant Alibaba is going to invest at least 100 million yuan (US$15.4 million) this year to develop a digital flea market on the mainland, Chinese media report. The firm launched a used-goods mobile app called Xianyu (Idle Fish) in June 2014…
Alibaba co-founders Jack Ma and Joseph Tsai are reportedly pledging their shares in the Chinese e-commerce giant in exchange for significant loans from global banks. The two tech billionaires have pledged their shares to banks including UBS, Credit Suisse,…
Global giants Amazon and Alibaba are racing to recruit more Vietnamese vendors on their platforms seeking to boost their share of a booming e-commerce market. Amazon saw the number of Vietnamese merchants exporting at least $1 million worth of goods from…
Chinese e-commerce leader Alibaba Group Holding Ltd plans to develop self-driving trucks with logistics subsidiary Cainiao, Chief Technology Officer Cheng Li said on Thursday. Cheng also said Cainiao aims to introduce 1,000 autonomous delivery robots in China…
A consortium led by Chinese e-commerce giant Alibaba will invest $400 million in the subsidiary of conglomerate Masan Group that operates retail chain VinMart. The consortium, including Baring Private Equity Asia, one of the largest private equity firms in…
Lychees grown in Hai Duong Province will be sold on e-commerce platforms Voso, Sendo, Lazada, and China’s Alibaba on Saturday, according to the Vietnam Trade Promotion Agency. It would be the first time that the fruits are sold online, and the agency said the…
China’s market regulator, fresh from fining e-commerce giant Alibaba US$2.75 billion, said on Tuesday it warned nearly three dozen internet companies to stop using any banned practices such as forcing vendors to use their platform exclusively. The State…
Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4 percent of its revenues in 2019 – for violating anti-monopoly rules and abusing its dominant market position. The State Administration for Market Regulation (SAMR) said that…
Chinese e-commerce giant Alibaba wants to have over 10,000 Vietnamese small and medium-sized enterprises selling on its platform by 2025. Its government relation and business development manager, Vu The Tung, who revealed this at a ceremony to sign a…
Beijing has reportedly told the Chinese e-commerce conglomerate Alibaba to divest its assets in the media sector out of concern over the company’s growing public influence. Its founder, Jack Ma, the ebullient and unconventional billionaire who officially…
China’s Alibaba Group Holding Ltd beat estimates for third-quarter revenue on a pandemic-driven jump in e-commerce, but its shares dropped amid regulatory heat for founder Jack Ma’s business empire. It also announced a bond sale worth as much as $5 billion…
Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman’s first appearance since October. Social media speculation over the whereabouts of China’s highest-profile entrepreneur swirled…
