Alibaba is prepped to kick off 2016 with a major investment, according to recent media reports. Multiple media outlets, citing China’s business news source Caixin, reported that Alibaba will invest $1.2 billion into Ele.me, a Chinese online food delivery service. This, according to the sources,...
February 03, 2016
Alibaba is taking a leap into virtual reality. The Chinese eCommerce giant has led a $793 million round in venture financing of the augmented reality company Magic Leap, The New York Times reported yesterday (Feb. 2), with TechCrunch adding that Alibaba Executive Vice Chairman Joe Tsai will join the board of the Dania Beach, Florida-based […]
December 28, 2015
Alibaba is prepped to kick off 2016 with a major investment, according to recent media reports. Multiple media outlets, citing China’s business news source Caixin, reported that Alibaba will invest...