Search Results for:Pei Li

Chinese investor group buys Australian vitamin firm Nature’s Care

The deal is said to value Nature’s Care, Australia’s third-largest vitamins firm, at about A$800 million ($619.92 million).


Walmart backs Tencent in its war against Alibaba in fast growing payments space

The move underscores how China’s retail market is dividing into two camps around Alibaba and Tencent.


China’s JD.com raises $2.5b for logistics arm led by Hillhouse, Sequoia, Tencent, others

JD Logistics was valued at $10.9 billion prior to the new funding.


China’s Shanda Games confirms $474m investment from Tencent

China is the world’s largest video games market, registering an estimated $32.5 billion in sales last year,


Alibaba to take $486m stake in local data firm in offline retail push

Alibaba has been beefing up its retail presence with more than $10 billion of investments into brick-and-mortar outlets amid rising competition in the space from rival Tencent.


Tencent invests $150m in Chinese ticketing platform Maoyan

Tencent’s investment points to heated competition with rival ticketing app Taopiaopiao owned by Alibaba.