alibaba Archive

Alibaba backs PlaceIQ, a provider of location tools and data

PlaceIQ has a new, big-name investor — Chinese e-commerce giant Alibaba. The companies aren’t disclosing the size of the deal; they’ll only say that it’s a strategic, minority investment, and that it’s an addition to the $25 million round that PlaceIQ announced at the beginning of this year. Co-founder and CEO Duncan McCall told me this is part of a larger partnership, where Alibaba will be …

Alibaba Pictures, Amblin to Co-Produce Films

BEIJING, China — Steven Spielberg’s Amblin Partners and Alibaba Pictures Group Ltd, the film studio unit of Chinese e-commerce giant Alibaba Group Holding Ltd, said on Sunday they will co-produce and finance films for global and Chinese audiences. They will also collaborate on the marketing, distribution and merchandising of Amblin Partner films in China, the companies said in a joint statement. Under the terms of …

Online fashion retailer Grana raises $10M led by Alibaba’s entrepreneurship fund

Grana, a two-year-old online fashion retailer based in Hong Kong, has announced that it has raised $10 million in fresh funding led by Alibaba’s entrepreneurship fund. This is the startup’s Series A round, and it follows $6 million in previous seed funding. The round is led by Alibaba’s Hong Kong-based fund, which was announced last year, and it also includes participation from existing investors Golden Gate …

The China Edit | Far East Slowdown, Duty-Free Expansion, Alibaba Revenue

“China’s Luxury Lifestyles Fall Prey to the Far East Slowdown“ (The Telegraph)“The trend has forced many global retailers to change their strategies to lure a new generation of fashionable young Chinese consumers who prefer to purchase luxury global brands on cross-border e-commerce sites, rather than wait for it to be released in China.” “China’s JD.com Revenue Meets Expectations as Slowdown Continues“ (Reuters)“JD.com reported revenue for …

China is disrupting global fintech

Joshua Bateman Crunch Network Contributor Joshua Bateman is a journalist based in Greater China and is writing a book about agriculture and food in China. More posts by this contributor: How to join the network In China, the abacus was mentioned by the Eastern Han Dynasty (25-220 A.D.). During the Song Dynasty (960-1279), the Chinese were the first to use paper money. In late 2013, …