Browsing: million

Alibaba to take US$486 million stake in China retail data firm

China’s biggest e-commerce company, Alibaba Group Holding, will invest US$486 million for a stake in a domestic big-data firm focused on hotels and retail, as part of a push to deepen its offline presence. The firm


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Meet the used car dealer who sold 1 million vehicles to China’s ride hailing giant Didi 

For the poster child of China’s sharing economy, investing US$200 million in an online used car sales business had many scratching their heads. After all, Didi Chuxing co-founder Cheng Wei once declared that buying a car


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