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Ebay And Tencent Co-Lead $1B Deal In E-Commerce Company
E-commerce giant Flipkart in its latest funding round, reportedly gathered $1 billion. The company closed the deal with US auction website ebay and Chinese internet firm Tencent to take on its American and Chinese rivals, Amazon and Alibaba respectively. Full investment news article
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Alibaba Leads $18M Series B In Automotive Technology Company
Alibaba is the lead investor in an $18m Series B funding round for smart car technology developer WayRay, continuing the e-commerce company’s connected car road plan. Connected vehicles is an area seemingly every tech company is trying to get in on. In a week that saw Intel snap up Israeli car technology company Mobileye for $15.3bn, Alibaba, no stranger to this industry, dug its nails into WayRay. Full investment news article