Alibaba, Foxconn invest $350m in electric car start-up
Chinese electric car maker Xiaopeng Motors plans to release its first vehicle this year, with investment from Alibaba Group and Foxconn Technology.
Alibaba Cloud Launches Malaysia City Brain to Enhance City Management
Alibaba Cloud, the cloud computing arm of Alibaba Group, today announced the launch of its Malaysia City Brain initiative in collaboration with the Malaysia Digital Economy Corporation (MDEC), the country's digital economy development agency, and Dewan Bandaraya Kuala Lumpur (DBKL), the city council in the capital, at a ceremony in Kuala Lumpur.
China's Tencent, JD.com invest $863m in online retailer Vipshop
The deal will see Tencent invest $604 million for a 7% stake in Vipshop, while JD.com will invest $259 million for 5.5%.
Pargo scores SA first at Alibaba e-commerce initiative
The high-tech logistics company is selected as the first South African delegate to join the Alibaba eFounders programme.
Digital giants pose a growing threat to financial players
Google, Apple, Amazon Pay and Alibaba are now far more dangerous than they have ever been for traditional banking institutions.