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Alibaba cloud arm set for centre stage as e-commerce plateaus

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It’s not the e-commerce business that’ll command the most attention when Alibaba Group Holding Ltd posts earnings Wednesday. It’s the nascent cloud computing division that investors will scrutinize instead. China’s largest Internet company reports just a week before Katy Perry and other stars headline a launch party for the annual… Read more »

Fosun’s Guo pivots to emerging markets after Europe, US spree

Guo Guangchang, the Chinese billionaire and self-styled disciple of Warren Buffett, is looking to invest in emerging markets for the first time as his conglomerate backs off of its buying spree in developed nations. “There are fewer and fewer investment opportunities as the overall valuation becomes expensive, especially in Europe… Read more »

Vietnam: ASEAN-US innovation centre proposed; $33.3m tech hub granted license

The tech space in Vietnam has welcomed multiple good news besides recent fundraising rounds of startups. On the sideline of the ASEAN-US Summit, the country’s prime minister proposed to set up a Vietnam-based ASEAN-US supportive centre for innovation and tech startups. Meanwhile, a new local centre, also for tech R&D, has receive investment license and is expected to come into operation in 2017.

India: Uber apes rival Ola, starts to lease cars to drivers

Ride-hailing company Uber has started leasing cars to drivers in India, borrowing a page from the play book of its larger rival Ola, as it seeks to expand market share. The leasing programme, aimed at attracting more drivers to its platform, is being tested in select cities such as Delhi,… Read more »