17 May 2020
Jio Platforms raises Rs. 6,598 crore from General Atlantic
Jio Platforms, the entity holding telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 6,598 crore ($869.8 million) from US-based private equity firm General Atlantic.
04 May 2020
Jio Platforms gets Rs. 5,655 crore investment from Silver Lake
Jio Platforms, the entity housing telecom and digital businesses of Mukesh Ambani-led Reliance Industries, has picked up Rs. 5,655 crore ($747 million) in investment from US-based private equity firm Silver Lake.
09 Apr 2020
Big Basket raises $60mn to meet demand surge amid lockdown
Big Basket, one of India's biggest hyperlocal grocery start-ups, has raised $60 million as part of a bridge-round of funding from Alibaba and others.
17 Feb 2020
Amid coronavirus outbreak, China resorts to online classes
The outbreak of coronavirus has hit all aspects of daily life in China, including the education system.
24 Jan 2020
Alibaba launches Yoli, a 'social-commerce' app to bag online deals
In a bid to expand its footprint in India, Chinese giant Alibaba has launched a new social commerce app called Yoli.
04 Jan 2020
Logistics start-up XpressBees raises $10 million from Alibaba
Pune-based XpressBees has raised $10 million in funding from existing investor Alibaba, according to regulatory filings of the company.
18 Sep 2019
This life-sized Lego Iron Man took 255 hours to build
Iron Man may be long gone but his Lego-cy lives on. Okay, that was a bad pun, but you wouldn't be as disappointed to learn that the toy company LEGO has set up a life-sized structure of Tony Stark's Iron Man and it's made entirely out of Lego pieces.
10 Sep 2019
#AnEraEnds: Alibaba co-founder Jack Ma hangs up his boots
After spending two decades at Alibaba's helm, Jack Ma stepped down as Chairman of the e-commerce giant on Tuesday, his 55th birthday.
14 May 2019
Jack Ma advises married-employees: "Sex for six days, six times"
Alibaba founder Jack Ma stoked up controversy recently after he advised his married employees to follow "669," that is, "Sex for six days, six times, with duration being the key."
15 Sep 2018
Xiaomi creates new managerial positions to foster leadership
Amid increased scrutiny of governance and succession in mega Chinese tech firms, smartphone maker Xiaomi has announced that it is looking to create new managerial positions to build a second tier of leadership under CEO Lei Jun.
10 Sep 2018
Alibaba co-founder Jack Ma to step down in September 2019
Alibaba co-founder Jack Ma, one of the world's richest business executives, has announced that he will step down as the executive chairman of Alibaba in September 2019.
09 Sep 2018
Alibaba's Jack Ma isn't retiring, will announce his succession plans
Refuting an NYT report which claimed Jack Ma would be retiring from Executive Chairmanship of Alibaba group on Monday, South China Morning Post, a newspaper owned by the company, reported on Sunday that he would instead unveil his succession plans.
08 Sep 2018
End of era: China's richest man Jack Ma announces retirement
Jack Ma, who serves as Executive Director of Alibaba, a company he founded in 1999 has announced his retirement. The business magnate will retire on Monday, September 10, according to reports.
03 Feb 2018
China's Alibaba leads BigBasket's $300-million funding round
Online grocery start-up BigBasket has raised $300 million in Series-E funding which was led by China's Alibaba Group. This is the largest investment raised by the company so far.
12 Nov 2017
Singles' Day: Alibaba generates $25.3bn sales; more than Iceland's GDP
Chinese e-commerce giant Alibaba's Singles' Day on 11th November saw the company make around 168.2 billion yuan ($25.3 billion) in sales - more than Iceland's GDP - in just 24-hours.
05 Sep 2017
Zomato eyes $200m from Alibaba, may get the unicorn-tag back
According to reports, Zomato is currently engaged in negotiation with Alibaba and its payments affiliate Ant Financial to raise up to $200 million from them.
29 Aug 2017
BigBasket eyes $200 million investment from Paytm Mall, Alibaba
According to reports, online marketplace Paytm Mall and its principal investor Alibaba has extended the exclusivity period of their negotiations with online grocer BigBasket for two weeks.
19 Aug 2017
Now, China cracks down on VPN vendors
China has now upped the ante by warning e-commerce platforms against selling illegal virtual private networks (VPNs).
10 Jul 2017
Marvel wants a Chinese superhero, gimmick or good business strategy?
Reportedly, Walt Disney-owned US-based publishing giant Marvel will now work alongside Beijing-based firm NetEase to create the first Chinese comic superhero in its roster.
04 Apr 2017
WhatsApp prepping for digital payments segment entry in India
According to FactorDaily, WhatsApp is prepping up to launch peer to peer payments in India.
23 Mar 2017
Will Indian e-commerce giants show profit anytime soon?
Currently, there are three major players in the Indian ecommerce space - Flipkart, Paytm and Snapdeal.
04 Dec 2016
Snapdeal denies reports of Alibaba's acquisition interest
After reports sprung on China's Alibaba expressing its interest in acquiring Indian e-commerce portal Snapdeal, the Indian company denied the reports.
11 Nov 2016
Alibaba's Singles' Day clocks over $5 billion in one hour
Alibaba Group's 'Singles' Day', a 24-hour shopping event held annually, garnered the online retail giant over $5 billion during the first hour of the shopping spree.