Alibaba

As many as 60 US-listed Chinese companies could return to domestic capital markets in the next 3-5 years.

The deal will make Yunda the second-largest shareholder of Deppon with a 6.5% stake.

Throughout the years, the Japanese conglomerate has made a series of deals in China that shaped up the country’s business and tech.

While Alibaba withstood China’s macroeconomic slowdown in early 2020, a wave of digitization spurred growth in e-commerce livestreaming, cloud services, and enterprise software.

The company’s shares have fallen more than 60% since its peak in May 2018.

Despite a sharp drop in first-quarter sales because of the coronavirus pandemic, smart speaker shipments in China are projected to grow 9.8% in 2020.

The firm’s value has risen more than a third within two years.

The on-demand delivery giant is expanding to other local life services as it aggressively marches into the power bank sharing business.