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Ant Financial bets on China's staffless snack bars; strategically invests in Xingbianli

Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

The startup also counts Sequoia Capital, Lightspeed China Partners, China Renaissance, and Vision Plus Capital as backers.

Deals | Ant Financial bets on China's staffless snack bars; strategically invests in Xingbianli | KrASIA

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Deals | Ant Financial bets on China&#8217;s staffless snack bars; strategically invests in Xingbianli

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

I'm Xiaochun with KrASIA [kri’eɪʃə], a newborn digital media with a dedication to help Asia uncover its innovations and to create.

https://secure.gravatar.com/avatar/760c9db0d4ccfee316355af963bfcbc0?s=96&d=mm&r=g

Xiaochun Zhao

US-Listed YY Spins off Game Streaming Unit Huya for IPO to Fuel Expansion

Tencent Holdings Limited is a Chinese multinational investment holding conglomerate whose subsidiaries specialize in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.

Tencent

Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. 

Entertainment

Douyu rival Huya listed on New York Stock Exchange in May. 

Tencent-backed Twitch-like Douyu reportedly files for $700m HK IPO | KrASIA

Tencent-backed Twitch-like Douyu reportedly files for $700m HK IPO

GrabTaxi Holdings Pte. Ltd. is a transportation network company based in Singapore. In addition to transportation, the company offers food delivery services via mobile app. It operates in the Southeast Asian countries of Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia. 

Grab

An on-demand service platform connects waiting-time-sensitive customers with independent service providers.

On-Demand Services

Grab doesn’t have a plan to break even now.

For the first time, Grab reveals it's on track to hit $1 billion in revenue this year | KrASIA

For the first time, Grab reveals it&#8217;s on track to hit $1 billion in revenue this year

China introduces CDR trial rules to win back Alibaba and Baidu from US bourses

Xiaomi Corporation is a Chinese electronics company headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, and related consumer electronics.

Xiaomi

Starting from Thursday, companies listed overseas with a valuation of over RMB 200 billion could start to apply for CDRs.

China introduces CDR trial rules to win back Alibaba and Baidu from US bourses | KrASIA

Tencent-backed short video streaming app Kuaishou fully acquired AcFun amid increasing competition with Toutiao's Douyin

Kuaishou (Chinese: 快手) is a platform for recording with millions of original fresh videos everyday.

Kuaishou

Both Jack Ma's Yunfeng Fund and Toutiao were said to be mulling over investing in AcFun.

Tencent-backed Kuaishou acquires AcFun amid escalating competition with Douyin | KrASIA

Tencent-backed Kuaishou acquires AcFun amid escalating competition with Douyin

China's largest parenting startup Babytree joins Alibaba’s ecosystem; valued at over US$2.2 billion.

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

Alibaba has made a strategic investment in Babytree.

Exclusive: China's largest parenting startup Babytree joins Alibaba’s ecosystem; valued at over US$2.2 billion | KrASIA

Exclusive: China&#8217;s largest parenting startup Babytree joins Alibaba’s ecosystem; valued at over US$2.2 billion

ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

Bytedance

Toutiao offers the most successful formula for Chinese startups to take off without siding with any one of the Chinese "BAT" triumvirate. But it may forge an alliance with Alibaba as its relationship with Tencent deteriorates.

China’s most valuable independent startup Toutiao was courted by Alibaba amid growing Tencent-Toutiao feud | KrASIA

China’s most valuable independent startup Toutiao was courted by Alibaba amid growing Tencent-Toutiao feud

Rumor: Xiaomi to issue CDR and become the first dual-listing Chinese unicorn soon

LEI Jun, Xiaomi founder and CEO, previously voiced support for the CDR policy.

Xiaochun Zhao

Deals | Ant Financial bets on China’s staffless snack bars; strategically invests in Xingbianli

Tencent-backed Twitch-like Douyu reportedly files for $700m HK IPO

For the first time, Grab reveals it’s on track to hit $1 billion in revenue this year

China introduces CDR trial rules to win back Alibaba and Baidu from US bourses

Tencent-backed Kuaishou acquires AcFun amid escalating competition with Douyin

Exclusive: China’s largest parenting startup Babytree joins Alibaba’s ecosystem; valued at over US$2.2 billion

China’s most valuable independent startup Toutiao was courted by Alibaba amid growing Tencent-Toutiao feud

Xiaomi to issue CDR and become the first dual-listing Chinese unicorn soon

50% of dockless bikes in Beijing are left idle