Xiu’s investment comes just days after several high-profile luxury brands filed a lawsuit against China’s biggest ecommerce company, Alibaba.
Alibaba Group is one of the largest internet companies in the world. Headquartered in Hangzhou, China, Alibaba generated a revenue of US$6.5 billion for the first nine months of fiscal year 2013, with a net profit of US$2.85 billion. Its businesses include Alibaba, a B2B trading platform, Taobao, an eBay-like C2C shopping site, and Tmall, a B2C shopping portal. Alibaba also has its own payment platform, called Alipay, which has no transaction fees. The company was founded by Jack Ma, then an English teacher, in 1999.
In this latest excerpt from a book of previously-unpublished speeches, Ma waxes philosophical on flattery, arrogance, and why his face looks weird.
Scan stuff pretty now.
A repeat wrist slap following similar calls in March.
Weibo hit 89 million daily active users in March, up 34 percent from the same time last year.
Face++ makes a cloud-based API and an SDK so developers can incorporate face recognition into their on apps. The startup has over 30,000 developers on board.
The investment in LeTV Sports was led by two of China's most prominent billionaires, Alibaba founder and chairman Jack Ma and Wanda Group chairman Wang Jianlin.
American messaging app Tango, which Alibaba put more than $200 million into last year, is expanding into ecommerce with the Chinese giant's help.
Tuniu, a NASDAQ-listed Chinese travel and tourism site, announced today it has secured a US$500 million investment led by ecommerce giant JD.
Say Ni Hao to Daniel Zhang.
A translated excerpt from an internal speech given by Alibaba chairman and founder Jack Ma, in which he talks about how Alibaba's top employees got to where they are.
Have you seen this very small and amusing detail in the revamped 'Silicon Valley' opening animation?
China’s tech giants are working hard to make sure that consumers use their phones to pay for things. Today Alipay Wallet, the Alibaba-affiliated mobile wallet, announced it now enables Chinese users t...
Lights, camera, acquisition.
The shift to mobile-only is optional for now, but an Alibaba representative tells Tech in Asia that two million merchants have already opted for this.
China's tech titans used to trample local startups, but now they're offering funding as they seek out partnerships.
Gobi’s latest fund is anchored in Singapore, and its partners have been talking to a number of Indian entrepreneurs who have shifted their base to the business-friendly island.