Posts tagged " Alibaba "

China’s Big 3 with $80B to Go Shopping

December 10th, 2015 Posted by Capital Markets, China Business Development, M&A No Comment yet

Alibaba, Tencent, and Baidu together have $80B in capital available for acquisitions. With venture financing becoming more difficult in China, BAT are becoming go-to buyers for startups.

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.

Chinese Tech Companies Go Shopping Overseas

May 29th, 2015 Posted by Capital Markets, China Business Development, M&A No Comment yet

Flush with capital from success in their home market and a booming stock market, Chinese tech companies are investing overseas to acquire technology, talent, and know-how. Chinese outbound direct investment grew from $2.7 billion in 2002 to $102.9 billion in 2014, according to Chinese Ministry of Commerce data. That’s an incredible 40x increase over a mere 12 years. Data points to consider:

  • Alibaba’s $220 million investment for 20% of mobile video app Tango
  • Baidu’s strategic investment in Uber
  • Tencent’s investments in SnapChat, KakaoTalk, Epic Games, and Riot Games
  • Lenovo’s purchase of IBM’s low-end server business for $2.3 billion
  • Huaxin’s 85% stake in French telecom Alcatel-Lucent

The Chinese technology companies and investment groups we work with are seeking:

  1. Access to new markets overseas.
  2. Useful technologies, capabilities, and talent to help them compete in the domestic China market.
  3. Diversification of their investment portfolios.

Newport’s value proposition is to connect our Chinese tech clients with North American investment targets, assist with transaction execution, and manage portfolio companies once capital is deployed.

Read the full article from Cheung Kong Graduate School of Business Knowledge website.

Chinese Car App Fights Uber With Free Rides

May 22nd, 2015 Posted by China Business Development No Comment yet

Alibaba is a shareholder in Chinese car-hailing app operator Didi Kuaidi. Guess what tactic Jack Ma used in 2002 to fend off eBay?

eBay is a shark in the ocean. We are a crocodile in the Yangtze River.
If we fight in the ocean, we will lose. But if we fight in the river, we will win.

Jack Ma,
CEO Alibaba Group

Read the full 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.

850 million Chinese Online by end-2015

May 12th, 2015 Posted by Capital Markets, China Business Development No Comment yet

This remarkable article provides back story on how a boutique Chinese investment bank convinced Kuadi Dache (backed by Alibaba) and Didi Dache (backed by Tencent) to agree to China’s biggest Internet merger.  The merger created a credible competitor to market-leader Uber.

Among the interesting facts from the story:

  • The Chinese government expects 850m Chinese to be online by the end of this year.
  • Three of China’s richest people are Internet entrepreneurs: Alibaba’s Jack Ma at #2, Tencent’s Ma Huateng at #3, and Baidu’s Robin Li at #4.
  • Beijing, a city with a population of 21.5 million people, is home to 20 tech companies valued at more than $1billion each.

Read the full Bloomberg Markets 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.