China’s securities regulator has approved fintech company Ant Group’s IPO – and paved the way for what will likely be the world’s biggest-ever listing. Ant, backed by current title-holder Alibaba, will seek…
Alibaba Buys Food Delivery Firm Ele.me in $9.5bn Deal
Chinese e-commerce giant Alibaba has acquired Ele.me, an online food delivery service, in a deal worth $9.5 billion. Ele.me, founded ten years ago and headquartered in Shanghai, is operational in over 2,000…
China’s Bike-Share Market a Failure of Transparency and Tech
Bluegogo, one of China’s largest bike-share companies, appears on the edge of ruin, with its office empty, debts unpaid and its CEO suddenly absent. The firm, which has raised $58 million and…
CES Asia Kicks Off in Shanghai
CES Asia, one of the continent’s premier technology events, has begun in Shanghai, China. The three-day event, running until June 9, showcases the best in Asian consumer technology across 19 verticals including…