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Alibaba forms local lifestyle platform JV with Ant Financial

06/23/2015|10:08:56 AM|

Both parties will invest RMB3 billion in the Koubei platform that will leverage Alibaba’s gourmet platform and Ant Financial’s offline operations and management.

Overseas destination startup Haiwan gets Series B financing to start group buy abroad

06/08/2015|7:11:08 AM|

Haiwan’s transactions are much larger compared with domestic groupbuy transactions as consumers are not as price conscious when purchasing abroad.

Meituan CEO confirms significant fundraising

01/19/2015|9:19:36 AM|

Meituan will face tremendous pressure this year from its rival’s IPO and the challenge of O2O startups carving into Meituan's share in each of its market segments.

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