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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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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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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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Alibaba Group takes majority control of loss-making movie unit Alibaba Pictures with $160M share purchase – TechCrunch

Alibaba Group takes majority control of loss-making movie unit Alibaba Pictures with $160M share purchase – TechCrunch Alibaba Group announced today that it will increase its stake in Alibaba Pictures from 49% to 50.92%, making it the loss-making movie production company’s controlling shareholder. Under the agreement, Alibaba Pictures will issue …

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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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Alibaba replaces video streaming boss amid anti-corruption probe – TechCrunch

Alibaba replaces video streaming boss amid anti-corruption probe – TechCrunch A top-level reshuffle is sending shockwaves across one of China’s biggest online video businesses. Yang Weidong has stepped down as the president of Alibaba’s video streaming unit Youku, the ecommerce operator confirmed to TechCrunch on Tuesday. Yang is understood to …

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EasyShip, a Stripe for global e-commerce shipping, raises $4M – TechCrunch

EasyShip, a Stripe for global e-commerce shipping, raises $4M – TechCrunch Easyship, a Hong Kong-based startup that aims to make international shipping for e-commerce as easy as payments, has closed a $4 million Series A round. The company was founded in 2015 by former Lazada duo Tommaso Tamburnotti and Augustin Ceyrac, …

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