Josh Horwitz
Stories by Josh Horwitz
JD.com’s logistics unit raises $218m investment fund
The fund's LPs will include JD Logistics, parent firm JD.com, several listed companies and government-led funds.
Alibaba reshuffles management, moves CFO Wu to oversee strategic investment unit
Maggie Wu will take over from Executive Vice-Chairman Joe Tsai, Alibaba said.
China’s JD.com may list logistics unit in future, no plans firmed up yet
The company also has no timeline for when the logistics unit will achieve profitability.
Chinese companies line up to take part in Shanghai’s tech board, amid trade tensions
As many as 120 firms have sought permission to list, aiming to raise a combined $16 billion.
China’s Ant Financial, US-based Vanguard set up JV in Shanghai
The JV marks a high-profile partnership of Jack Ma-controlled Ant Financial with an overseas asset manager.
Nepal bans China’s WeChat Pay, Alipay
Nepal said payments from the two unregistered systems were illegal and resulting in a loss of income to the Himalayan nation.
GIC-backed Luckin Coffee raises $150m from BlackRock, others
The latest funding values the Starbucks challenger at $2.9 billion.
Amazon to close domestic marketplace business in China
Shoppers in China will no longer be able to buy goods from other third-party merchants in the country.
Chinese selfie app firm Meitu forays into skincare to counter dwindling users
Meitu, which listed in late 2016 in what was then HK's largest tech IPO in a decade, has since suffered losses and its share price has more than halve
Alibaba, Tencent, auto-makers set up $1.5b China ride-hailing venture
The move could test the dominance of ride-sharing giant Didi Chuxing.
