May 29th, 2018A new list talking of world's most valuable brands has been released and dragon country China has bagged top spots for the very first time.
Ranked at No. 9, Jack Ma's Alibaba has joined along with Chinese Tech Giant Tencent alongside behemoth stalwarts such as Google and Apple.
Alibaba has witnessed its brand value go double to...
May 23rd, 2018Paytm, the leading Indian online payments company announced the acquisition of Orbgen Technologies Pvt. Ltd., the firm that operates TicketNew, a ticketing platform based in Chennai. The cost of the deal has not been disclosed yet, but according to stock based transactions, the deal is estimated to have cost between $30-40...
May 21st, 2018Paytm Mall, The digital arm of e-commerce giant company Paytm has announced its plans to introduce an umbrella of new services such as no cost EMI, Extended Warranty on products, Device Insurance and Easy Exchange across its online platform as well as offline partner stores.
Interestingly, the e-commerce arm of Paytm which received...
May 17th, 2018The Japanese Internet Conglomerate, SoftBank Group Corp is reportedly in talks over a possible investment in food delivery and online restaurant company Zomato as told by sources familiar with the matter.
The possibility of Softbank's future investment in Zomato has been speculating in the market since six months back when the...
May 15th, 2018Online Food Delivery Startup Swiggy is eyeing to raise $250 million instead of $150-200 Mn as speculated earlier. This development has come into play at a time when the Bengaluru headquartered company is seeing intense investor interest that would help the firm to amp up its valuation and raise more money.
Major Technology giants such...
May 9th, 2018Chinese Internet giant Alibaba has bought Pakistani e-commerce firm Daraz in an undisclosed deal in order to expand its operations in South Asia. The deal marks Alibaba's second wave of international expansion aiming to enter South Asia.
Daraz was founded in 2012 and is backed by European Tech Incubator Rocket Internet. It operates...
May 4th, 2018China's Leading Smartphone and Device Maker Xiaomi has filed for Hong Kong initial public offering on Thursday, which is being considered as one of the largest listings by a Chinese organization in almost four years i.e since 2014.
The announcement came right after company's official revenue posting that stood at 114.62 billion yuan...
April 3rd, 2018Paytm has been all over the landscape these past few weeks and days with major consecutive news announcements. This time, Paytm mall, the e-commerce daughter business of Paytm has raised over $445 Mn in funding from Japanese conglomerate SoftBank and Alibaba, the Chinese e-commerce giant.
Regulatory filings reveal that SoftBank has...
April 2nd, 2018Alibaba Group, the Chinese e-commerce giant announced that after buying 43% of stakes in Ele.me, a leading food delivery platform, it decided to buy all the remaining shares of the company as it looks forward to compete with Tencent Holdings for offline customers.
The deal, which is still in process, will stand at a value of $9.5...
March 30th, 2018BigBasket was able to double its revenues from its wholesale arm in FY17 to Rs 1,176 crore compared to the Rs 563 registered in the previous fiscal year, according to documents from the Ministry of Corporate Affairs, reported by the Economic Times.
BigBasket generates revenues from two registered operating units. Through an entity...
March 19th, 2018Alibaba, China's leading e-commerce company will appoint one of its founders Lucy Peng as head of Lazada and also invested around $2 billion into Southeast Asia's leading online shopping firm.
The appointment and funding will use to expand the operations in the south-east Asia region. Alibaba is the leading investor in the Lazada...
March 13th, 2018China’s bike rental giant, Ofo announced it raised $866 million investment led by Alibaba Group, with additional partners in Haofeng Group, Tianhe Capital, Ant Financial and Junli Capital. The company is using a combination of debt and equity financing for this round of investment. A statement from the company claimed that this new...
