Search Results for:Tim Culpan

How Jack and Pony Ma are fueling China’s mindless bike-sharing spending spree

Ofo Bicycles Co. may have raised around $1 billion in its latest funding round, which included Alibaba.


Alibaba’s next-gen businesses burn cash but see slowing growth

For the second straight quarter, Alibaba’s digital and media entertainment, and innovation initiatives grew at a slower pace than core commerce.


Latest funding makes Meituan the world’s fourth-most valuable startup

Four of the top five unicorns are Chinese, trailing Uber that still holds the crown at $68 billion.


China’s bike rental firms Mobike, Ofo are actually secret cash cows: Gadfly

Their millions of users pay a surety upfront for the right to rent, translating into billions of dollars of cash.


India: SoftBank’s Son just pulled off an impressive judo flip on Snapdeal

Just as we started to question Masayoshi Son’s sanity for attempting to buy, well, everything, the Japanese visionary pulled off an impressive judo flip in India. As the largest backer of e-commerce startup Snapdeal, Son’s SoftBank Group Corp. had been trying to engineer a merger with Flipkart Group so the… Read more »


LeEco saga: Jia Yueting’s crumbling empire

LeEco founder Jia to step down amid continued financial troubles.


China’s Alipay grabs slice of US market with First Data deal

The MoneyGram acquisition is designed to bring more U.S. sellers into the Alibaba ecosystem.


JD.com may try investor patience with Tokopedia investment in Indonesia

Should JD.com invest in Tokopedia, it’ll be following Alibaba’s taking control of Lazada Group SA


Uber’s Kalanick should fear SoftBank founder & Didi backer Masayoshi Son

Son is a master salesman and looks once again to have had his way.


It’s a good thing Jack Ma’s back. And with more money to woo Moneygram

Jack Ma has offered a price that he should have three months ago.