As investors weigh up whether to buy into China Tower’s IPO, they could build their spreadsheets and run the numbers to compare it with peers. Or they could they face the fact that this is a national service play.
The ink is barely dry on SoftBank Vision Fund’s purchase of a stake in Flipkart Online Services Pvt and already it’s preparing to exit. Masayoshi Son seemed so keen on the Indian e-commerce startup that he threw $2.5 billion at it in August.
Temasek is in talks to lead a funding round that could value the Alibaba Group-backed company at $150 billion.
Flipkart looks set to team up with Walmart Inc., garnering the startup a valuation of as much as $20 billion.
Ofo Bicycles Co. may have raised around $1 billion in its latest funding round, which included Alibaba.
For the second straight quarter, Alibaba’s digital and media entertainment, and innovation initiatives grew at a slower pace than core commerce.
Four of the top five unicorns are Chinese, trailing Uber that still holds the crown at $68 billion.
Their millions of users pay a surety upfront for the right to rent, translating into billions of dollars of cash.
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 founder Jia to step down amid continued financial troubles.