Search Results for:Adam Jourdan

Alibaba to pick $290m stake in wine importer

China is expected to become the world’s second largest wine market behind the US in the next five years, with consumption set to rise over a third to hit $23 billion. forays unto China’s giant parcel delivery market

The move could help the firm leverage its network of warehouses and drivers to bolster flagging profits.

As trading debut looms, China’s Meituan locked in battle of super-apps

The delivery platform is squaring off with Alibaba-backed rivals Alipay, and Koubei as well as Tencent’s own WeChat.

China regulator still hopes to solve Qualcomm-NXP takeover hurdle

The Chinese move likely comes too late for a resurrection of the deal, which had become embroiled in a political spat between Washington and Beijing.

China’s iQiyi snaps up game maker Skymoons in $300m deal

The deal would give iQiyi access to a broader range of stories amid a fierce battle for content with deep-pocketed rivals such as Tencent and Alibaba.

Apple launches $300m clean energy fund in China

The investment from the iPhone maker will be made along with 10 suppliers including Pegatron Corp and Wistron Corp over a four-year period.

Alibaba, Tencent lead $1.5b investment in Chinese media group CMC

CMC has a stake in football team Manchester City’s owner and a JV with Warner Brothers.

China’s Xiaomi defers mainland CDR offering until after Hong Kong listing

Xiaomi said it would apply to China’s securities regulator to postpone a review of its CDR offering application.

Ride-sharing giant Didi picks Australia for first Western-style market foray

Didi started expanding outside Asia in Mexico earlier this year, and has said globalisation is a core strategy.

Tencent-backed online video startup Kuaishou buys rival AcFun

Kuaishou, meaning “fast hand”, is valued at about $18 billion.