Ratan Tata’s RTN Capital to invest $150 Mn in Alibaba owned Ant Financials

Ratan Tata’s RTN Capital to invest $150 Mn in Ant Financials. Ratan Tata’s investment arm RTN capital will back Alibaba affiliated financial giant Ant Financials with $150 Mn investment, business daily Economic Times reported. The investment will be part of the series C round that has already brought investment of worth $14 billion to Alibaba owned…

ByGirish ShettiJune 8, 20180Comments

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Paytm Mall Receives huge Funding Boost from SoftBank and Alibaba

Paytm Mall raises fresh funds from SoftBank and Alibaba. Paytm Mall, e-commerce division of digital wallet firm Paytm, got a huge funding boost on Monday after SoftBank and Alibaba committed to pump in 2892.5 crore (around $446 million) in the online shopping startup. The latest funding round will reportedly value Paytm Mall at roughly $1.9 billion…

ByGirish ShettiApril 3, 20180Comments

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Alibaba set to acquire Chinese Online food Delivery Startup Ele.me

Alibaba set to buy Chinese Online food Delivery Startup Ele.me Putting an end to rumors, Chinese conglomerate Alibaba on Sunday finally announced that it will buy Ele.me’s remaining shares. The deal will pave way for Alibaba and its subsidiary firm Ant Financials to have a complete control over the online food delivery startup. Both already own…

ByGirish ShettiApril 2, 20180Comments

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Alibaba makes additional $2 billion investment in Southeast Asian online Startup Lazada

Alibaba makes additional $2 billion investment in Lazada. Chinese tech giant Alibaba on Monday announced that it will pour additional $2 billion in the popular Southeast Asian e-commerce platform Lazada in a bid to make further push to its investment drive in the region. In the previous financial year, Alibaba increased its holding in the Singapore…

ByGirish ShettiMarch 19, 20180Comments

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Chinese Bike Sharing Startup Ofo Raises $866 Million from Alibaba

Ofo Raises $866 Million from Alibaba Beijing based bike-sharing startup Ofo has raised whopping $866 million in a new funding round led by Chinese giant Alibaba Group. The funding round consisted of debt as well as equity financing. The other participants in the round included Ant financial (Alibaba’s subsidiary company) Haofeng Group, Tianhe Capital and Junli…

ByGirish ShettiMarch 14, 20180Comments

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Alibaba Launches First Joint AI Research Center Outside China

Alibaba launches first joint AI research center outside China. In a first, Chinese e-commerce behemoth Alibaba on Wednesday opened its first ever joint Artificial Intelligence (AI) research center outside Mainland China. The venue is Singapore, and Alibaba will be operating this artificial intelligence research institute in partnership with the local university Nanyang Technological University (NTU). Speaking on…

ByGirish ShettiFebruary 28, 20180Comments

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Alibaba in talks to buy out Chinese Food Startup Ele.Me

Alibaba in talks to buy out Chinese Food Startup Ele.Me Chinese conglomerate Alibaba is on the cusp of making one of the biggest deals in Chinese startup space in recent times. Alibaba, which is owned by Chinese billionaire Jack Ma, is said to be in talks to take complete control over the food delivery startup Ele.me.…

ByGirish ShettiFebruary 27, 20180Comments

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Chinese Giant Alibaba in Talks to Pick up Minority Stake in Dailyhunt: Report

Chinese giant Alibaba in discussion to pick up minority stake in Dailyhunt Alibaba Group, which is owned by Chinese billionaire Jack ma, is currently holding talks to pick up a minority stake in news aggregator startup Dailyhunt, two sources familiar with the matter have claimed. These talks once again demonstrate Alibaba’s growing interest in the Indian…

ByGirish ShettiFebruary 23, 20180Comments

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Alibaba Mulls Integrating BigBasket & XpressBees with Paytm Mall

Alibaba Plans to Integrate BigBasket & XpressBees with Paytm Mall Alibaba is playing a frontal role in integrating services of Paytm Mall, BigBasket and XpressBees. The strategic move may help in increasing the revenue and productivity of all the three firms, in which Chinese e commerce giant Alibaba owns majority as well as minority stakes. Alibaba…

ByGirish ShettiFebruary 12, 20180Comments

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Alibaba’s Subsidiary Firm Invests $200 Million in Zomato

Alibaba’s Subsidiary Firm leads $200 Million round in Zomato Online restaurant discovery and food delivery company Zomato has raised $200 million from Alibaba’s financial firm Ant Financial, according to Info Edge’s (Zomato’s largest investor) latest filing with the stock exchange. Interestingly, the timing of this investment has almost coincided with Alibaba’s fundraising round for online grocery…

ByGirish ShettiFebruary 2, 20180Comments

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