Meituan-Dianping on Thursday said it has raised $4bln in a funding round that values China's largest on-demand services provider at $30bln, a strategy to compete with the country's leading e-tail firms in offline retail.
This week in Paris, Adrian Cheng announced the launch of a significant new investment fund to target what Cheng sees as the key consumer market of this century – Millennials and Generation Z in China. Call them BATers.
China's top e-commerce firm is launching a $15 billion (£13.43B) drive to build overseas research hubs as the deep-pocketed firm looks to compete with global leaders in e-commerce, logistics and cloud technology.
Chinese internet conglomerate Alibaba Group Holding Ltd denied on Thursday that its vice chairman, Joseph Tsai, is in advanced talks to buy a stake in the Brooklyn Nets of the National Basketball Association.
Chinese search engine giant Baidu Inc has hired the finance chief of Weibo Corp as its chief financial officer, marking a leadership change for the firm as its hones its focus onto artificial intelligence.
The Chinese logistics company backed by Alibaba Group has launched an up to $932 million initial public offering, seeking funds to expand its network, develop new technology and open more of its convenience stores.
With the push for contactless payments -- via fingerprint or retina scan -- the Chinese giant has now implemented its 'Smile to Pay' concept in China, through the facial recognition tool of its subsidiary Ant Financial.