Search Results for:Pei Li

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

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


Chinese online grocer Dada-JD Daojia raises $500m from Walmart, JD.com

The company comprises of two businesses and is partly owned by JD.com.


Starbucks hopes coffee delivery partnership with Alibaba can perk up China sales

The companies will collaborate across businesses within the Alibaba group, including delivery platform Ele.me, supermarket chain Hema, online retailers Tmall and Taobao, and mobile and online payment platform Alipay.


China’s Luckin Coffee raises $200m in GIC-backed round, now valued at $1b

The Chinese coffee startup – which does a strong business selling and delivering coffee online – has been training its sights on its far larger rival Starbucks.


Indonesia bans Chinese video app Tik Tok for “inappropriate content”

It is operated by venture-backed Toutiao, valued at more than $30 billion, that is one of China’s fastest-growing tech start-ups.


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.


Tencent-backed online video startup Kuaishou buys rival AcFun

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


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.