Alibaba to invest $28 bn in cloud computing in the next three years
The decision is influenced by the growing demand for services such as video conferencing and live streaming...
Tag : Alibaba
Ethiopian Airlines cancels operations to over 80 destinations
The airline will continue flying to Hong Kong and Washington...
Ant Financial acquires ‘significant’ stake in Vietnam’s eMonkey
Despite having an office in Vietnam, Ant Financial has invested in eMonkey because it has an operating license from the State Bank of Vietnam...
Alibaba-backed WeLab secures $156 mn funding to invest in R&D
The fintech startup has received the funding from Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank...
Aramco raises $25.6 bn in IPO with shares priced at $8.53
Aramco is expected to achieve a valuation of $1.7 trillion...
Alibaba’s Ant Financial to raise $1 bn to invest in SE Asia
The fund will invest in payments and fintech startups in Southeast Asia and India...
Alibaba to raise around $12.9 bn in Hong Kong
Alibaba will issue 500 million shares and will price them at a 2.8% discount to their last closing price in New York...
Chinese robotics startup Geek Plus leads logistics revolution
Geek Plus deployed 7,000 robots and completed more than 200 smart logistics projects across four continents...
Lazada becomes the most popular e-commerce platform in growing Southeast Asian markets
Its popularity comes despite an overall decline in visits to the site in the first quarter, according to iPrice report...
Alibaba and Cainiao make strategic investment in ZTO Express
ZTO investment to tap New Retail opportunities and further digitalise China's logistics industry...