Alibaba Group’s entertainment unit has signed a major licensing deal to show many of Disney’s animated series and movies on Youku, its streaming video service, and other platforms it selects. The agreement covers more than 1,000 episodes from Disney series, as well as many of its films, and means Alibaba is now the largest distributor of Disney animations in China. Read More
Category: alibaba group
Alibaba invests $2.9B in hypermarket operator Sun Art to continue its offline retail push
Alibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm announced today it has spent HK$22.4 billion (around US$2.88 billion) to acquire of 36.16 percent in Sun Art Retail Group, a Hong Kong-listed business that operates 446 hypermarkets across 224… Read More
Another blockbuster quarter for Alibaba as revenue surges 61%
Alibaba’s stellar financial performance continues unabated after the Chinese e-commerce giant again beat analyst expectations thanks to impressive growth in its core business at home. The firm reported total revenue of RMB 55.1 billion ($8.3 billion), beating expectations of RMB 52.2 billion according to a Reuters poll with 61 percent growth. Net profit for the period increased by… Read More
Open source database startup MariaDB confirms $27M investment led by Alibaba
Open source database startup MariaDB has announced a new $27 million round of funding led by Alibaba, confirming the news that TechCrunch reported in September.
As we wrote then, Alibaba contributed the majority of the round, supplying €20 million of the total €22.9 million raised.
A range of existing investors added that extra bit and they were confirmed to include Intel Capital… Read More
China’s JD.com leads $19M investment in Southeast Asian online fashion brand Pomelo
This year has seen unprecedented interest in Southeast Asia’s startups from Chinese tech firms, and today we can add another deal to the pile. JD.com, the close rival to Alibaba, has led a $19 million investment in Bangkok-headquartered online fashion brand Pomelo. The deal, which is the largest Series B for a Thai startup to date, is co-led by Indonesia’s Provident Capital… Read More