Box8, an Indian cloud kitchen startup, has raised $15 million in a funding round led by Alibaba Group backed Electronic World Trade Platform (eWTP) Ecosystem Fund. Existing investors Mayfield and IIFL Seed Ventures fund also took part in this round, with the proceeds to help in expanding Box8’s operations across India. The Indian cloud kitchen […]
Ant Financial Services, a Chinese fintech company owned by Alibaba Group, has created a joint venture (JV) with The Vanguard Group, a US asset management company to offer retail investment advisory services in China. The joint venture will combine the technology of Ant Financial Services’ Alipay, a third-party mobile and online payment platform, with the […]
Featuring human-less check-ins, facial scans and voice-controlled rooms, e-commerce giant Alibaba has unveiled its first “future hotel” in China. Grace Lee reports. Source: reuters
Retail acquisition news : E-commerce giant Alibaba Group will invest HK$22.4 billion ($2.87 billion) for an equity stake in Sun Art Retail Group, a Chinese hypermarket chain operator to expand itself in the offline retail industry. Alibaba Group has entered into a strategic alliance with French food retailer Auchan Retail and Taiwanese conglomerate Ruentex Group […]