Alibaba (BABA) Takes Stake in Online Ad Firm, AdChina
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Alibaba (BABA), SoftBank (SFTBY) Invest in Mobile Taxi-Booking App Provider, KuaiDi Dache
January 15, 2015 8:42 AM ESTTravice Inc. ("KuaiDi Dache"), the operator and developer of KuaiDi Dache, a leading mobile taxi booking app provider in China, SoftBank Internet and Media, Inc. ("SIMI"), and Alibaba Group Holding Limited (NYSE: BABA)("Alibaba Group") announced an agreement under which SoftBank Group (OTCBB: SFTBY) (further described below) led a financing round of approximately $600 million, with participation from existing shareholders Alibaba Group and Tiger Global, to expand and improve KuaiDi Dache's services in China.
Launched in... More
UPDATE: Alibaba (BABA)-Backed Ride- Hailing Startup Kuaidi Said Worth Over $2B Following Latest Capital Raise
January 14, 2015 6:30 AM EST(Updated - January 14, 2015 6:43 AM EST)
Alibaba (NYSE: BABA)-backed Kuaidi Group is said to have just raised somewhere around $500 million in fresh capital as the ride-hailing market in China begins to flourish.
Reports out Wednesday also peg Kuaidi being valued at... More
China Stocks on Watch Following Positive Export Data (BABA) (BIDU)
January 13, 2015 6:52 AM ESTChina Stocks are on watch Tuesday following a positive close from the Hang Seng index.
The HSI closed 0.8 percent higher to 24,215.97 following a 0.45 percent gain to 24,026.46 the prior session.
China exports rose 9.7 percent in December, versus consensus expectations looking for a gain of about 6 percent. Imports slipped 2.4... More
Alibaba (BABA) Said Mulling Investment in South Korean Business Complex
January 12, 2015 11:11 AM ESTAlibaba (NYSE: BABA) is active Monday following reports over the weekend that the company would be in make a major investment in one South Korean city.
Reuters, citing South Korea's Dong-A Ilbo daily, said Alibaba could make half a... More
