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Chinese EV startup Xpeng Motors raises $400 million, takes on Xiaomi...

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Xpeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $400 million in capital and has...

DHL expands Africa eShop online retail app to 34 countries

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DHL  has expanded its DHL Africa eShop business to 13 additional markets, upping the presence of the global shipping company’s e-commerce platform to 34...

Alibaba acquires NetEase Kaola in deal worth $2 billion

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Alibaba Group has acquired NetEase Kaola for $2 billion, the two companies said today, and will integrate it into Tmall, creating the largest cross-border...

Alibaba cloud biz is on a run rate over $4B

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Alibaba announced its earnings today, and the Chinese ecommerce giant got a nice lift from its cloud business, which grew 66 percent to more...

Tencent brings cloud service to Japan in global push

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The world’s largest video game publisher is looking outside its home country for growth. Tencent, the Chinese internet behemoth that operates WeChat and a...

Hellobike, survivor of China’s bike-sharing craze, goes electric

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Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the...

Kabbage secures $200M to fuel its AI-based loans platform for small...

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Kabbage, the AI-based small business loans platform backed by Softbank and others, is adding more firepower to its lending machine: the Atlanta-based startup has...

Warburg Pincus announces new $4.25 billion fund for China and Southeast...

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Warburg Pincus, the private equity fund with over $60 billion under management, is doubling down on Asia after it announced a $4.25 billion fund...

Splyt wants to connect the world’s ride-hailing apps for easy international...

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The vision of a universal global ride-hailing service is over. Uber’s decision to exit markets like China, Southeast Asia and Russia coupled with the...

Carrefour sale shifts the balance of power in China’s new retail...

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Hot on the heels of Amazon’s decision to shutter its local marketplace, Carrefour — another global commerce giant — is switching up its approach...