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Global investors flee from Chinese tech stocks after the government crackdown...

Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded...

Chinese online education app Zuoyebang raises $1.6 billion from investors including...

The rivalry between China’s top online learning apps has become even more intense this year because of the COVID-19 pandemic. The latest company to...

Pulled Ant Group IPO costs Alibaba nearly $60B in market cap

News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares. This...

Alibaba Group will spend $3.6 billion to take control of Chinese...

Alibaba Group said today it will spend about $ 3.6 billion to take a controlling stake in Sun Art, one of China’s...

Alibaba acquires NetEase Kaola in deal worth $2 billion

Alibaba Group has acquired NetEase Kaola for $ 2 billion, the two companies said today, and will integrate it into Tmall, creating...

Alibaba invests about $635M in Red Star Macalline, one of China’s...

Alibaba Group has acquired about RMB 4.36 billion ($ 635 million) worth of convertible bonds in Red Star Macalline, one of China’s biggest...

Travel activities startup KKday lands investment from Alibaba and Line

Taiwan’s KKday, a startup in the increasingly competitive travel activities space, has pulled in an undisclosed funding round that adds two strategic investors to...

Tencent backs fintech firm Voyager to set up battle with Alibaba...

China’s internet battle is rapidly reproducing itself in Southeast Asia. One new hotspot is the Philippines, where Tencent just agreed to invest in Voyager,...

Alibaba goes big on Russia with joint venture focused on gaming,...

Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture valued at around $ 2 billion with one...

Alibaba confirms it raised $3B for its newly consolidated local services...

Alibaba has confirmed that it has raised $ 3 billion for its new-look local services business after it united its Koubei local services...
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