Alibaba Acquires Chinese Chip Maker to Lower Dependence on Outside Suppliers
Alibaba has invested in 6 Chinese chip companies.
Alibaba Investing in China Rural Ecommerce as Urban Growth Plateaus
Alibaba's archrival JD is also eyeing new opportunities in rural e-commerce.
Alibaba Invests $352M in Thailand to Brace for Upcoming Competition with Tencent and JD.com
Jack Ma will meet Thai PM on Thursday.
Alibaba Joins Self-driving Festival, Confirming Road Tests
Both Tencent and Baidu have previously tested their self-driving cars.
KrASIA Daily: Alibaba Joins China’s Autonomous Vehicle Competition, Confirming Road Tests
Plus, The Philippines criticized Facebook's fact-checker. Ola mulls to roll out a million EVs by 2021.
Alibaba Takes over Food Tech Startup Ele.me to Complement New Retail Strategy
Ele.me is valued at $9.5 billion.
KrASIA Daily: Alibaba Buys China’s Largest Food Delivery App Ele.me
Plus, Go-Jek and Grab are asked to register in Indonesia as transport companies. SoftBank is investing $400 million in Paytm.
Alibaba and JD Tap Underwriters for China Stock Market Homecoming
Alibaba and JD could be floated in China’s A-Shares market by issuing China Deposit Recipients (CDR) in as early as June.
Alibaba in Rumored Talks to Buy Pakistani Daraz, Expanding E-commerce Reach Across Asia
In the recent two weeks, Alibaba acquired a 45% stake in Pakistan’s Telenor Microfinance Bank and invested $ 2 billion in Lazada.
Taobao Launches Discounts App to Fend off Intimidating Rival Pinduoduo
Leveraging on China’s super app WeChat, Pinduoduo is China’s 2nd largest e-commerce app.