Chinese AR startup Rokid raised $112M from NetDragon Websoft and others at a $1B valuation to help expand overseas, taking its total funding to nearly $200M
Jane Zhang / Bloomberg :
A profile of Joseph Tsai, the Taiwan-born, US-educated Alibaba co-founder, its next chairman, a longtime Jack Ma ally, and now a prominent blockchain proponent
Here's who they are Jane Zhang / Fortune : In a surprise shakeup, Alibaba names Eddie Wu as its CEO, replacing Daniel Zhang, effective September 10; Zhang will remain CEO of Alibaba Cloud Florence Muc...
Alibaba doesn't disclose its full Singles' Day sales for the first time, instead saying gross merchandise value was in line with 2021, when sales hit ~$76.1B
Jane Zhang / Bloomberg :
Chinese app stores had 2.78M apps in October 2021, down from 4.52M in December 2018, a 38.5% drop amid the government's new data laws and clean-up campaigns
Jane Zhang / South China Morning Post :
Chinese app stores had 2.78M total apps by October, down from 4.52M at the end of 2018, a 38.5% drop amid the government's new data laws and clean-up campaigns
Jane Zhang / South China Morning Post :
Alibaba invests $3.3B in its logistics arm Cainiao, raising its stake to 63%
Jane Zhang / South China Morning Post :
Research: 97 startups attained a unicorn status in China in 2018, bringing the total number of unicorns to 186, with a combined estimated valuation of ~$736B
Jane Zhang / South China Morning Post :
Didi says its global ride-hailing network had 550M users, over 31M drivers, and covered more than 1,000 cities around the world in 2018
Jane Zhang / South China Morning Post : Tweets: @james_gross Tweets: James Gross / @james_gross : If you want to understand how big the transportation market is and the demand for new modes. Check ou...