Tag: alibaba
China’s top short video apps and e-commerce giants pally up
JD.com, the online retailer that is Alibaba’s long-time nemesis, announced Wednesday a strategic partnership with Kuaishou, the main rival of TikTok’s sibling in China, Douyin. The collaboration is part of a rising trend in the Chinese internet where short video apps and e-commerce platforms increasingly turn to each other for…
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China’s food delivery giant Meituan hits $100B valuation amid pandemic
Meituan’s shares hit a record high on Tuesday, bringing its valuation to over $100 billion. The Hong Kong-listed giant, which focuses on food delivery with smaller segments in travel and transportation, is the third Chinese firm to reach the landmark valuation. Tencent and Alibaba respectively topped the number back in…
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China Roundup: A blow to US-listed Chinese firms and TikTok’s new global face
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. It’s been a tumultuous week for Chinese tech firms abroad: Huawei’s mounting pressure from the U.S., a big blow to…
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Xiaomi’s investment house of IoT surpasses 300 companies
Xiaomi, the Chinese comapny famous for its budget smartphones and a bevy of value-for-money gadgets, said in a filing on Thursday that it has backed more than 300 companies as of March, totaling 32.3 billion yuan ($4.54 billion) in book value and 225.9 million yuan ($32 million million) in net…
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With 170M users, Bilibili is the nearest thing China has to Youtube
Bilibili, a Chinese video streaming website that was once regarded as a haven for youth subculture, has been steadily making its way into the mainstream as users age up and content diversifies. The NASDAQ-traded company recorded a 70% year-over-year growth to reach 172 million monthly active users by the first…
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Ubisoft sues Apple and Google for selling a ‘Rainbow Six: Siege’ clone
It’s no secret that some games are designed to riff on others’ ideas, but Ubisoft believes one title is far too similar to let it go unchecked. Bloomberg reports that the publisher has sued Apple and Google for selling Area F2, a game it claims is a… Source
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