SelinaWang
Stories by SelinaWang
Ex-Goldman banker Douglas Feagin has big plans for Alibaba finance affiliate
Feagin, one of several Wall Street vets to join Chinese financial institutions in recent years, was hired to help Ant Financial go global. He accepts
Chinese internet company LeEco acquires US-based Vizio for $2b
The deal with Vizio cements the Chinese company’s commitment to U.S. expansion, and the plan is to list privately-held LeEco in the U.S. three to fo
Startup investing helps Alibaba expand footprint outside China
Alibaba made at least two dozen investments in private companies last year, according to research firm CB Insights. The number of deals has nearly dou
Circle raises $60m in funding round backed by Baidu, IDG
Founded in 2013, Circle uses bitcoin’s blockchain technology so customers can instantly send payments in a message that can be accompanied by emojis
China’s Tencent, Lenovo buy into US augmented reality startup Meta
Founded in 2012, the startup is a bit player relative to the likes of Microsoft Corp. in the growing field of augmented reality, which superimposes di
Even Nigeria may produce a startup unicorn but HK, gateway to China, has none
Venture-capital investors, business professors and striving entrepreneurs say the dearth of Hong Kong unicorns stems partly from a cultural norm that
Alibaba fledgling cloud business soars high as it tries to build a challenger to Amazon
Like Amazon, Alibaba’s cloud service emerged from the enormous computational power needed to handle millions of online shopping transactions. But un
Apple iTunes movies, book services close down in China
Apple Inc.’s iTunes Movies and iBooks service were closed down in China last week, less than seven months after they started operations.
Alibaba tries to shed homemarket reliance with $1b bet on Lazada
The Chinese company is buying its way into a region on the cusp of an online shopping boom, as fast-growing mobile and Internet usage propels consumer
