By Selina Wang
Alibaba had been quietly incubating its Hema grocery store concept for two years.
Tencent Holdings Ltd., Baidu Inc., Alibaba Group Holding Ltd. and JD.com Inc. will together invest 27 billion yuan, while even the taxi-hailing service Didi Chuxing will join the party.
Investment for exploration in Indonesia shrank to $100 million in 2016 from $1.3 billion in 2012.
Tata is down about 21 percent this year, while Geely is up 155 percent.
Alibaba and Tencent’s deals, $55 billion announced or completed in 2016 and 2017, have taken investors by surprise
Southeast Asia is a battlefield for Western and Eastern tech and FinTech, according to Neal Cross of DBS.
It sends a strong signal that Silicon Valley’s so-called founder-friendly era is coming to an end.
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 »
Less than three years later, the rivalry between the two has become an alliance of sorts.
Despite eye-popping prices and rising mortgage delinquencies.