The Amazon CEO and his wife, MacKenzie, will commit $2 billion to fund existing nonprofits that help homeless families and to create a network of preschools in low-income communities. They call their project the "Bezos Day One Fund."
Chinese e-commerce giant JD.com Inc.'s financial services spin-out, JD Finance, has set up its first consumer-focused early stage venture fund, Qianshu Capital, to back innovative start-ups that help meet increasing consumer demand in China.
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Is there any trick of trade behind the many eye-popping but hard to believe upward trajectories witnessed in valuations of many e-commerce ventures?...
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.
The success of Amazon and Uber in India, and the country’s market not responding in correlation with the money being pumped in, has made venture capital firms cautious about investing in “localized copycats”, and this has in turn led investors to reduce the valuations of local e-commerce firms, says Nikhil Kapur, investment manager at Japanese VC firm GREE Ventures.
2016 was another busy year for Jack Ma and the team at Alibaba. The company posted record-breaking sales numbers, of course, but it also spent the year splashing cash on investments all over the world. Here are the biggest.
<p>Jack Ma, the billionaire chairman of China e-commerce leader Alibaba Group, made waves in Davos this week when he criticized the U.S. for spending $14.2 trillion in the past 30 years on 13 overseas wars instead of putting part of those funds into America’s own infrastructure.</p> <p>It turns out Ma isn’t the only prominent Chinese billionaire who believes that. Zong Qinghou, the chairman of beverage maker Wahaha and formerly China’s richest man, said in an interview with Forbes China on Saturday that he agrees with Ma’s argument.</p>
<p>Garena, Southeast Asia’s most valuable startup, picked Goldman Sachs Group Inc. to lead a planned initial public offering that could fetch about $1 billion, according to people with knowledge of the matter.</p> <p>The Singapore-based online gaming portal and e-commerce provider plans to select additional banks as soon as this month, the people said. Garena is considering listing in the U.S., the people said, asking not to be identified because the information is private.</p>
<p>CITIC Goldstone Investment Management Co Ltd and Founder Healthcare Fund Co Ltd have made a $56 million Series C investment in Shenzhen Youkeshu Technology Co Ltd a cross-border e-commerce service provider, according to China Money Network.</p>