The logistics affiliate of China’s eCommerce giant Alibaba completed its first funding round, the company announced Monday (March 14). The funding round for Alibaba Group Holding’s logistics arm, Cainiao, included investor participation from Singapore’s Temasek Holdings and GIC Pte Ltd, Malaysia’s Khazanah Nasional Bhd and...
Alibaba has officially signed a $3 billion loan deal that spans a five-year period in order to help the eCommerce and Internet giant grow as it continues on its global acquisition strategy. The firm revealed this week in a U.S. SEC filing that it signed...
A last-minute hitch might just put an end to Taiwan’s Foxconn’s proposed takeover of Japanese electronic maker Sharp. According to Reuters, Foxconn has reportedly tabled the deal in the face of some last-minute discoveries of previously undisclosed liability. The discovery of the hiccup came just...
While in most cases 11 percent growth in sales would be something to celebrate without qualification, China watchers are feeling a little disappointed in that figure. According to figures released by the Ministry of Commerce, retail sales were a mixed bag during China’s weeklong “Golden...
Bad news for alternative financial services in China. Chinese authorities are accusing Ezubo, an online financing platform, of cheating a combined $7.3 billion out of a group of mostly small investors through what was essentially a Ponzi scheme. As reported by the state’s Xinhua News...
A quiet but important update to Facebook’s Android app will make it much easier for potential users in countries where state censors ban the service to gain access to the world’s largest social network. That includes nations like China and Iran and their combined population...
Panda-themed and ready for action, Uber’s most aggressive expansion in China is underway with an aim of upping its in nation city count to 37 from 22. Though growth in the competitive Chinese market has been slow growing so far, it seems the firm is...
A year ago in Davos, Chinese Premier Li Keqiang told the World Economic Forum that his country could avoid a hard landing. And despite the fact that the Chinese stock markets have been killing fields of late, there are plenty of luminaries that will be trekking...
While the first week back in the new year is always somewhat exciting, 2016 has certainly started with a bang. Unfortunately, not the sort of bang most finance, stock, tech or payments watchers were really looking for — but a bang nonetheless. The stock market...
