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Alibaba buys into online video-sharing site Bilibili to tap young consumers

Alibaba announced in a filing with the Securities and Exchange Commission Thursday that its subsidiary Taobao has bought nearly 24 million shares of China’s leading online video sharing platform Bilib

1 min read
  • When they travel overseas, the total amount spent by residents of China’s third or fourth-tier cities grew faster than those from China’s tier-one cities, including Beijing, Shanghai and Guangzhou, ac

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    People from China’s smaller cities are spending more and more on overseas trips, Alipay data shows

    1 min read

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