Posts in E-Commerce

Opera Catches $1.2B Bid from Chinese Syndicate

February 11th, 2016 Posted by Capital Markets, China Business Development, Digital Marketing, E-Commerce, M&A, Mobile Marketing No Comment yet

Norway-based Opera Software ASA, a software maker best known for their mobile browser, agreed to be acquired by a consortium of Chinese tech companies. 75% of Opera’s sales in Q4 consisted of mobile advertising third-party publishers. The all-cash offer is backed by:

  • Internet security provider Qihoo 360 Technology Co., which announced in 2015 its intention to delist from NYSE in a buyout led by its chairman
  • Chinese game maker Beijing Kunlun Tech Co.
  • Golden Brick Capital Management Ltd.
  • Yonglian Investment Co.

Read the New York Times article here.

How Didi Taxi Became a $10B Company with 93% Market Share

November 9th, 2015 Posted by China Business Development, E-Commerce, M&A No Comment yet

Newport directors were in Shanghai recently to sit in on investment pitches from startups. Wang Gang, the founder of Didi Taxi app and a prominent angel investor, attended the meeting as well. Didi Taxi was established in Zhongguancun Haidian ZPARK with an investment of $800,000.  Various incubators and funds supported Didi until its merger with competitor Kuadi in February 2015 to become the dominant ride sharing app in China.

Read the Forbes China article here.

Jury is Out on Baidu O2O Investments

September 14th, 2015 Posted by Capital Markets, China Business Development, Digital Marketing, E-Commerce, M&A No Comment yet

Baidu CEO Robin Li talks about opportunities in connecting consumers to services via Online to Offline initiatives. The company is investing heavily in new growth opportunities in China. “We are actually transforming the company from connecting people with information to connecting people with services,” Li said to reporters.

Western investors remain skeptical and Baidu’s New York-listed ADRs are down 38% year to date.

Read the Bloomberg article here.

Alibaba, Ant Invest $1 Billion in China Local Online-to-Offline Venture

June 22nd, 2015 Posted by China Business Development, Digital Marketing, E-Commerce No Comment yet

Alibaba Group Holding Ltd. and its finance affiliate each agreed to invest 3 billion yuan ($483 million) in a new venture targeting neighborhood services in China. The venture will enable mobile devices to buy goods and services.

The Koubei venture with Zhejiang Ant Small & Micro Financial Services Group Co. will initially focus on the food and beverage sector, according to a statement. Both companies will provide capital and resources to drive the business.

Read the Bloomberg article here.

CEO: Alibaba Must Go Global

May 18th, 2015 Posted by China Business Development, E-Commerce No Comment yet

With growth slowing in its core China market, Alibaba looks to expand via international e-commerce.

Read the full article on Tech Crunch.

New Alibaba CEO Takes Aim at Walmart

May 14th, 2015 Posted by China Business Development, E-Commerce No Comment yet

Three days after his appointment as Alibaba CEO, 43-year old Daniel Zhang Yong expects to surpass Walmart as the world’s biggest retail platform.

Read China Daily article here.

Alibaba Goes Shopping in Seattle

May 9th, 2015 Posted by China Business Development, E-Commerce, M&A No Comment yet

In a filing with the SEC on Friday, Alibaba said it had bought up about 4.8 million Zulily Class A shares at a cost of about $56 million.

Read full article on Business Insider.