Techmeme

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Lulu Yilun Chen / Bloomberg:
Alibaba to invest another $1B in e-commerce site Lazada, raising its stake from 51% to 83%, in a bid to extend its presence in the Southeast Asian market   —  The Chinese company is taking its stake to 83% from 51%  —  Deal extends its presence in a nascent Southeast Asia market
Jun 28, 2017, 11:55 AMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba forecasts 45% to 49% revenue growth in fiscal year 2018 compared to 35% in average analyst estimates   —  The internet titan is predicting a rise of up to 49% this year  —  Cloud, media and marketing will drive revenue expansion  —  Alibaba Group Holding Ltd. shares rose …
Jun 8, 2017, 1:40 PMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Alibaba to invest $1B+ in Chinese food-delivery service Ele.me, valuing the company at $5.5B to $6B   —  Ele.me said to be valued at $5.5 billion to $6 billion  —  The Chinese food delivery service competes with Meituan  —  Alibaba Group Holding Ltd. and its financial services affiliate plan …
May 25, 2017, 8:25 PMIn context
Lulu Yilun Chen / Bloomberg:
Didi Chuxing raises $5.5B to expand beyond China; the round is the largest ever for a tech company and makes Didi the world's most valuable startup after Uber   —  Didi said to raise money from SoftBank, Silver Lake and others  —  Didi is said to have become most valuable startup in Asia
Apr 28, 2017, 5:30 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Didi nears deal to raise $5B+, which would value the company at ~$50B, up from the $34B valuation after its Uber China deal in August 2016   —  Ride-hailing service plans to raise at least $5 billion  —  Didi said to raise funds for automated driving expansion
Apr 26, 2017, 1:40 PMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Didi weighing $6B SoftBank-backed funding to expand R&D; Apple and Tencent considering joining investment on a pro-rata basis to avoid stake dilution   —  Tencent, Apple considering chipping in to avoid share dilution  —  The Chinese ride-sharing leader needs capital for R&D
Mar 28, 2017, 10:30 AMIn context
Bloomberg:
Sources: Grab, Uber's largest rival in Southeast Asia, raising $1.5B+ led by SoftBank   —  SoftBank said to back $1 billion investment to help expansion  —  Grab racing against Go-Jek for ride, payment dominance  —  Grab, Uber Technologies Inc.'s largest rival in Southeast Asia …
Mar 25, 2017, 6:35 AMIn context
Bloomberg:
Backlog of pending bitcoin transactions up 5x YoY, as some big miners back “Bitcoin Unlimited” upgrade plan, increasing likelihood of hard forking blockchain   —  ‘Bitcoin Unlimited’ gains support of world's largest miner  —  Opponents say move could split bitcoin into two currencies
Mar 13, 2017, 2:50 PMIn context
Lulu Yilun Chen / Bloomberg:
Chinese bike-sharing service Ofo raises $450M Series D round at a $1B+ valuation from DST, Didi Chuxing, and others   —  Bike-sharing service raises $450 million in a Series-D  —  Ofo gains a unicorn-valuation of more than $1 billion  —  A bruising battle between China's two largest bike-sharing services just ramped up a notch.
Mar 1, 2017, 12:35 AMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba announces new retail strategic partnership with Shanghai Bailian Group, one of China's largest retailers, will upgrade Bailian's 4.7K stores in China   —  Jack Ma's new retail vision racing against Amazon Go  —  Partnership follows Alibaba's investment in Intime, Suning
Feb 21, 2017, 9:20 AMIn context

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