Ant Financial, part of the Alibaba Group and formerly known as Alipay, will invest heavily in the future of Southeast Asia and India with the creation of a $1 billion fund dedicated…
Alibaba Heads Investment in Israel’s SQream DB
Alibaba has spearheaded a Series B funding round in Israeli company SQream DB, marking its first major investment in the Middle Eastern nation. The round, totaling $26.4 million, also included Hanaco Venture…
Alibaba Makes Pakistan e-Commerce Play with Daraz Acquisition
Chinese tech giant Alibaba has made a big play for the South Asian e-commerce market, with its acquisition of Rocket Internet-owned Pakistani platform Daraz. The Karachi-based firm, founded in 2012, operates in…
Asia’s Top Tech Trends in 2018: By the Letters
Across Southeast Asia, rising tech startups and firms are vying for glory in 2018. While artificial intelligence (AI) and augmented reality (AR) may be touted as the next big things in Silicon…