Tagged: alibaba group

Alibaba Acquires Kaola for $2 Billion from Entertainment Giant NetEase, Creates China’s Largest International E-commerce Platform

Chinese multinational conglomerate Alibaba Group has acquired Kaola for approximately $2 billion from Hangzhou-based entertainment giant NetEase. The acquisition has created the largest cross-border e-commerce platform in China, according to Alibaba’s management. Commenting on Alibaba Group’s latest acquisition, company chief executive Daniel Zhang said:  “With… Read More

EBANX Teams Up With AliExpress to Launch Experience Store in Brazil

Brazilian fintech EBANX announced on Friday it has formed a partnership with AliExpress, a global retail online marketplace of Alibaba Group, to launch a physical store in Curitiba, Brazil.  According to EBANX, the store consists of a 32 meters panel, installed in one of the… Read More

Chinese AI Company SenseTime Secures $600 Million Through Series C Funding Round Led By Alibaba Group

SenseTime, a Chinese artificial intelligence (AI) company, announced on Monday it raised $600 million during its Series C round of funding, which was led by the Alibaba Group with participation from  Temasek and Suning. This round of funding comes less than a year after the company raised $410 million through its… Read More

Send this to a friend