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Lazada, Alibaba’s Southeast Asia e-commerce business, gets a new CEO – TechCrunch

Lazada, Alibaba’s Southeast Asia e-commerce business, gets a new CEO – TechCrunch Alibaba has reshuffled the leadership at Lazada, its e-commerce firm in Southeast Asia, after CEO Lucy Peng — an original Alibaba co-founder — stepped down to be replaced by Lazada executive president Pierre Poignant. Alibaba owns more than 90 percent …

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Starbucks challenger Luckin snags $200M investment on $2.2B valuation – TechCrunch

Starbucks challenger Luckin snags $200M investment on $2.2B valuation – TechCrunch Luckin, a startup that vows to topple Starbucks’ dominance in China, announced on Wednesday that it’s lifted its valuation to $2.2 billion after raising $200 million in a series B funding round. That came only five months after the …

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Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund – TechCrunch

Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund – TechCrunch Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the …

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The Cloud Native Computing Foundation adds etcd to its open source stable – TechCrunch

The Cloud Native Computing Foundation adds etcd to its open source stable – TechCrunch The Cloud Native Computing Foundation (CNCF), the open source home of projects like Kubernetes and Vitess, today announced that its technical committee has voted to bring a new project on board. That project is etcd, the …

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A Chinese ecommerce app that lures grocery shoppers with cash just raised $100M in Series B – TechCrunch

A Chinese ecommerce app that lures grocery shoppers with cash just raised $100M in Series B – TechCrunch There is no shortage of up-and-comers jostling for a spot in China’s massive ecommerce industry, and oftentimes they pick a niche market and present a novel business model different from the establishment of …

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Walmart partners with Rakuten to open its first e-commerce store in Japan – TechCrunch

Walmart partners with Rakuten to open its first e-commerce store in Japan – TechCrunch Walmart is continuing its strategy of revamping its businesses in Asia after the U.S. retail giant opened its first e-commerce store in Japan, where it is working with local retail giant Rakuten. The companies first announced …

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China’s JD.com teams up with Intel to develop ‘smart’ retail experiences – TechCrunch

China’s JD.com teams up with Intel to develop ‘smart’ retail experiences – TechCrunch Months after it landed a major $550 million investment from Google, China’s JD.com — the country’s second highest-profile investor behind Alibaba — has teamed up with another U.S. tech giant: Intel. JD and Intel said today that …

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Tencent-backed fleet manager G7 racks up $320M in funding – TechCrunch

Tencent-backed fleet manager G7 racks up $320M in funding – TechCrunch A sizable funding round is poised to heat up a race to automate China’s logistics infrastructure. Beijing-based fleet management company G7 announced on Monday that it has banked $320 million to drive technological development, bringing its total capital raised to …

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From rejecting Alibaba’s advances to US IPO – TechCrunch

From rejecting Alibaba’s advances to US IPO – TechCrunch Mogu, a Tencent-backed service that offers fashion content and products to young women, has joined a string of Chinese tech companies pressing ahead to sell their shares through initial public offerings in the US before the year-end. Mogu priced its sale …

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Still a year away from launch, Meg Whitman and Jeffrey Katzenberg’s Quibi keeps adding talent – TechCrunch

Still a year away from launch, Meg Whitman and Jeffrey Katzenberg’s Quibi keeps adding talent – TechCrunch Video won’t start rolling on Meg Whitman and Jeffrey Katzenberg’s new bite-sized streaming service with the billion dollar backing until the end of 2019, but talent keeps signing up to come along for …

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