Tag "Alibaba"
China E-Commerce Industry Enters “New Retail” Era
The Chinese retail industry is entering a “new retail” era, characterized by the widespread use of technologies such as artificial intelligence (AI) and big data to digitalize the entire value chain, according to PwC. China is the world’s biggest consumer
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Bank & FinTech Collaboration Models – How Big Banks Plan Fight the Big Tech Challenge
Sometime around the tail-end of 2010 the banks started realising that something called a FinTech could be a threat to their business. This is a time when some senior executives in the bigger banks were asking the digital leaders if
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Jack Ma: Alibaba To Invest Over 100 Billion Yuan on Smart Logistics
Alibaba Group will invest over 100 billion yuan to build the technical backbone for a smart logistics network aimed at improving delivery reach and efficiency, as well as sharply driving down logistics costs, said Jack Ma, Executive Chairman of Alibaba
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Fintech In China: What To Expect In 2018
Traditional financial centers such as London and New York are witnessing increasing pressure from Chinese cities such as Beijing and Shenzhen which are quickly becoming front runners in the fintech race. By many measures, China can already be considered the world leader
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WeLab raises US$220 million in new strategic financing
WeLab, one of the fastest growing fintech companies in Greater China, announced last month that it has raised US$220 million of combined Series B+ equity and debt strategic financing and has won the backing of the Alibaba Hong Kong Entrepreneurs Fund,
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Infographic: The 11.11 Global Shopping Festival , Mobile Payments
The 11.11 Global Shopping Festival generates bigger numbers every year than any other online sale in the world. This year’s final tally hit a new record: $17.79 billion in gross merchandise volume, up from $14.3 billion in 2015. But Alibaba
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Souche Raises $335 Million In Series E Round Led By Alibaba To Build A New Retail Ecosystem In Automotive Industry
SouChe (literally meaning Search Car in Chinese) announced that it has closed its Series E funding round led by Alibaba with participation from Warburg Pincus, Primavera Capital and CMB International. This round is less than 12 months from the $100 million Series
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