Search Results for:Pei Li
The delivery platform is squaring off with Alibaba-backed rivals Alipay, Ele.me and Koubei as well as Tencent’s own WeChat.
The company comprises of two businesses and is partly owned by JD.com.
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.
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.
It is operated by venture-backed Toutiao, valued at more than $30 billion, that is one of China’s fastest-growing tech start-ups.
CMC has a stake in football team Manchester City’s owner and a JV with Warner Brothers.
Kuaishou, meaning “fast hand”, is valued at about $18 billion.
The deal is said to value Nature’s Care, Australia’s third-largest vitamins firm, at about A$800 million ($619.92 million).
The move underscores how China’s retail market is dividing into two camps around Alibaba and Tencent.
JD Logistics was valued at $10.9 billion prior to the new funding.