Chinese investments in Indian start-ups grow 12 times to USD 4.6 bn in 2019: GlobalData
There has been a 12 times growth of Chinese investments in startups over the past 4 years to $ 4.6 bn in 2019.
Some Chinese VCs looking for a quick exit
The venture capital and individual investors exploring exits currently own about 4-5% in Indian com...
Alibaba's Lazada appoints Chun Li as new CEO
Lazada Group Chief Executive Officer and co-founder Pierre Poignant will be replaced by Chun Li,...
Chinese-funded unicorns like Paytm, Ola face users' ire
Most of these mobile applications have seen over the last one week increasing comments and lowest possible ratings from consumers.
SoftBank CEO defends Vision Fund chief Rajeev Misra, after losses, controversy
The Vision Fund lost almost $18 billion in the fiscal year ended March 31, as it wrote down the value of investments in WeWork and Uber Technologies Inc., among others.
Alibaba revenue, profit beat as online sales surge during lockdown
Alibaba's overall revenue rose to 114.31 billion yuan ($16.02 billion) in the quarter ended March 31 from about 93.50 billion yuan a year earlier.
SoftBank’s Masayoshi Son and Alibaba’s Jack Ma part ways
While the departures are unlikely to have an impact on either company, they mark the end of an era.
View: India’s ban on Chinese apps sends out the right signal
After considering several wrong sanctions, it has found the right ones. India has banned 59 Chinese mobile apps.
Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation
Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.
SoftBank’s Vision Fund is planning to cut 10% of staff
The Vision Fund has struggled since WeWork botched its efforts to go public last year and SoftBank stepped in to bail the company out.
TikTok parent, ByteDance, hits $3 billion in net profit last year
ByteDance, led by Zhang Yiming, is becoming a viable rival to the dominant American online behemoths, Facebook Inc. and Alphabet Inc. Facebook unit Instagram brought in about $20 billion in advertising revenue in 2019.
Alibaba Cloud to invest USD 283 mn to accelerate global partner ecosystem
With the investment to be carried out in the current fiscal year, Alibaba Cloud aims to introduce new and improved work process with partners to increase communication efficiency, so that the parties can respond quickly to changing customer demands, especially during black swan events such as the COVID-19 pandemic, the statement said.
FDI curbs, border conflict likely to be roadblocks for Chinese investments in Indian start-up ecosystem: GlobalData
With the amended FDI regulation, companies heavily backed by Chinese investments are in a state of uncertainty for capital raising, GlobalData said in a statement.
Jio has the potential to unlock $2 trillion market opportunity: Bernstein
‘In the next five years, e-commerce will be a large part of the entire Jio platform story’
TikTok owner is world’s most valuable startup at over $100 billion in private markets
ByteDance's valuation has risen at least a third to more than $100-bn in recent private share transactions.
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