As Alibaba looks beyond eCommerce to expand its empire, some investors are getting nervous: Since January, the eCommerce retailer has lost approximately $60 billion in market value, The New York Times reported. On Friday (May 4), Alibaba reported a profit that was almost 30 percent below...
Alibaba has made its first FinTech investment in a Hong Kong-based startup, and the target is a B2B player. Reports Monday (May 15) said Alibaba invested in Qupital, an alternative SME lender, and its largest online invoice discounting platform. Qupital links small business borrowers to...
July 24, 2018
Megvii Inc., the developer of facial recognition system Face++, is reportedly raising at least $600 million from investors including Alibaba and Boyu Capital. According to Bloomberg, the Beijing-based company already boasts investors such as Jack Ma’s Ant Financial and one of China’s largest state-backed venture funds. Sources say this latest round of investing will close […]
May 07, 2018
As Alibaba looks beyond eCommerce to expand its empire, some investors are getting nervous: Since January, the eCommerce retailer has lost approximately $60 billion in market value, The New York Times...
