Tencent Holdings has announced its intention to lead an $863 million investment round in apparel platform Vipshop Holdings. The investment will see Tencent throw in $604 million in return for a 7 percent stake in Vipshop. Get the Full Story Complete the form to unlock this...
It’s going to be a busy holiday season, with major delivery services like UPS and the U.S. Postal Service expected to ship an overwhelming 1.6 billion packages this year — more than were delivered last year. Get the Full Story Complete the form to unlock this...
Ford and China’s largest eCommerce operator, Alibaba, are reportedly close to reaching a deal that would enable the auto dealership to attempt selling its cars online in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
With China and the U.S. possibly rolling toward a trade conflict, Alibaba founder and chairman Jack Ma had a defense to offer of his native land and complaints that it makes the barriers to entry too high for outside companies. Get the Full Story Complete...
Shared bike giants Mobike and Ofo deny they used 6 billion yuan ($909 million) of user deposits to support their rapidly expanding businesses. Anonymous sources also allege that both bike sharing companies are suffering from money mismanagement and struggling to pay bike manufacturers. Get the...
Through the end of Thanksgiving week in the United States, investment activity in China was marked by a few headlines tied to deals of a relatively smaller size. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
China is on the hunt for a homegrown alternative to the U.S.-based FICO score credit ranking system as it attempts to keep up with the rapid expansion in consumer loans being offered through mobile. Get the Full Story Complete the form to unlock this article...
LexinFintech Holdings Ltd., operator of China’s leading online lender Fenqile, was slated to meet with advisers over the weekend to decide if it will go ahead with a proposed initial public offering (IPO) in the U.S. Get the Full Story Complete the form to unlock...
Singapore is separated from Malaysia by a 1,056-meter (or 0.65-mile) Johor-Singapore Causeway, yet crossing the narrow strip of water separating the city-state of Singapore and its 5.6 million residents from the nation of Malaysia and its 32 million citizens means moving between two entirely different payments universes. Get the Full Story Complete the form...
