Alibaba

Ele.me is the missing piece in Alibaba’s last-mile delivery network which is critical to the company’s new retail concept.

Alibaba is rumored to pump in US$ 9.5 billion to fully acquire food delivery startup Ele.me.

Plus, East Ventures is planning a USD100 million fund. Apple is preparing to release a trio of new smartphones later this year.

Do technology powerhouses enjoy special edge compared to their brick-and-mortar counterparts in the battle for new retail?

Alibaba’s seized the day to take market share in India and archrival Tencent also eyes to expand its reach in the country.

Plus, ComfortDelGro is expanding its footprint in the United Kingdom through the acquisition of a bus and coach operator in South Wales. Uber agreed to give Waymo about $245 million to cut short a tra

Tencent has earlier teamed up with menswear HLA.

Tencent, Alibaba’s archrival, ranks 22nd.