Meituan-Dianping on Thursday said it has raised $4bln in a funding round that values China's largest on-demand services provider at $30bln, a strategy to compete with the country's leading e-tail firms in offline retail.
This week in Paris, Adrian Cheng announced the launch of a significant new investment fund to target what Cheng sees as the key consumer market of this century – Millennials and Generation Z in China. Call them BATers.
Chinese search engine giant Baidu Inc has hired the finance chief of Weibo Corp as its chief financial officer, marking a leadership change for the firm as its hones its focus onto artificial intelligence.
With the push for contactless payments -- via fingerprint or retina scan -- the Chinese giant has now implemented its 'Smile to Pay' concept in China, through the facial recognition tool of its subsidiary Ant Financial.
India's Flipkart has secured nearly $2.5 billion in funding from Japan's SoftBank Group, giving the online retailer more firepower to compete with Amazon in the country's burgeoning e-commerce market.
A tech fund backed by Japan's SoftBank Group has picked up one of the biggest stakes in India's leading homegrown online retailer Flipkart, the Bengaluru headquartered firm said in a statement on Thursday.