On Wednesday, Alibaba Group Holding Ltd backed Chinese electric vehicle (EV) manufacturer Xpeng stated it has raised $400 million from investors including Xiaomi Corp, to fund its growth. The fundraising comes at a time when industry watchers as well as bankers describe as an increasingly tough financing environment for Chinese EV startups who are jostling…
The move will increase competition against peers such as Alibaba Group Holding and Sea Ltd. In a significant development that sees Amazon.com Inc upping its competition against rivals such as Alibaba Group Holding Ltd’s Lazada and Sea Ltd’s Shopee, the U.S. e-commerce giant stated it has launched a bigger local store and marketplace in Singapore.…
The amount that is being raised falls short of the $25 billion mark that was raised by Alibaba Group Holding Ltd in its 2014 IPO. As per a regulatory filing, in what is slated as Japan’s biggest-ever IPO, SoftBank Corp has priced its initial public offering (IPO) at 1,500 yen per share; it will be…
The $159 million deal sees the Alibaba Group Holding Ltd upping its 49% stake to 51 and thus gaining direct control over its board. On Monday, Alibaba Group Holding Ltd stated, it will be increasing its stake in Hong Kong-listed Alibaba Pictures to 51%, up from its current 49%, and thus essentially take control of…
The Chinese facial recognition startup has attracted loads of investor attention so far this year. On Friday, as per a Bloomberg report, SoftBank Group Corp’s Vision Fund intends to invest nearly $1 billion in Chinese facial recognition startup, SenseTime Group Ltd. SoftBank’s Vision Fund and SenseTime are finalizing the terms of the deal and the…
The move assumes strategic importance since it acts as a vehicle for increasing Alibaba’s global push to boost its marketshare in Singapore’s fast-growing multi-billion dollar e-commerce market. As part of its drive to further expand its presence in new markets, Alibaba Group Holding Ltd is set to invest an additional $2 billion in the Lazada…
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