Alibaba Sets Foot in Israel, Invests in Start-Up Visualead for Its QR Code solution
Alibaba will invest in Israeli start-up Visualead, which operates in the Chinese market and has developed a QR Code solution. This is Alibaba’s first ever investment in an Israeli company. Before More...
China’s Xiaomi Triples Phone Sales, Lifts Revenue to $12 Billion
Xiaomi Corp., whose investors include billionaire Yuri Milner, more than doubled its revenue in 2014, according to a blog posting by Chief Executive Officer Lei Jun, Bloomberg said. The Beijing-based More...
Alibaba Spent $161 Million Fighting Fakes Since 2013
– China’s Alibaba Group Holding Ltd, the world’s largest e-commerce company, spent over 1 billion yuan ($160.7 million) combating fake goods and for improving customer protection from the More...
Suffering Soccertash: Ruble Crash Decimates Wealth of Arsenal’s Usmanov, Chelsea’s Abramovic
Two of the wealthiest Russian club owners in the English Premier League lost a fortune over the past 48 hours as Russia’s economy took a nosedive, Times Live said on December 18, quoting statistics from More...
China’s Baidu to invest in taxi-hailing app Uber
– Search engine Baidu Inc will invest in taxi-hailing app maker Uber Technologies Inc, a person familiar with the matter said on Friday, becoming the latest Chinese Internet firm to take an interest More...
Alibaba, Tencent chairmen invest in China’s Ping An Insurance
– The founders of Alibaba Group Holding Ltd and Tencent Holdings Ltd were among a consortium of investors who purchased stakes in Ping An Insurance Group Co of China Ltd in a HK$36.5 billion ($4.7 More...
At China online coming-out party, Beijing spells out Internet control ambition
– China showed governments and the planet’s biggest tech firms last week its vision for global Internet governance – clean, controlled and choreographed. Public officials and firms worth More...
Alibaba to launch international version of Taobao marketplace
– Jack Ma, the founder of China’s Alibaba Group Holding Ltd More...