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Ford recruits Alibaba to help break into China’s electric vehicle industry

Ford has put a lot of focus on China’s electric vehicle market — with a local joint venture expected to lead to 15 electric or hybrid models on sale in the country by 2025 — and today the automotive giant announced a tie-in with Alibaba to fulfill its ambitious goals. The …

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China’s JD.com leads $19M investment in Southeast Asian online fashion brand Pomelo

This year has seen unprecedented interest in Southeast Asia’s startups from Chinese tech firms, and today we can add another deal to the pile. JD.com, the close rival to Alibaba, has led a $19 million investment in Bangkok-headquartered online fashion brand Pomelo. The deal, which is the largest Series B …

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Alibaba Group will invest $15B into a new global research and development program

Alibaba Group announced today that it plans to invest more than $15 billion over the next three years into a global research and development initiative called Alibaba DAMO Academy. The Chinese tech giant said the program, which it is currently recruiting 100 researchers, will help it reach its goal of serving …

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