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Alibaba to buy major food delivery app Ele.me

  Rumors circulating that Alibaba was planning the acquisition of Ele.me, one of the major online food delivery platforms in China, has been confirmed by...

Tencent and JD.com expand ‘retail kingdom’

  Internet giant Tencent and leading e-commerce site JD.com moved to secure a total 11% stake of BBK Commercial Chain Co. Ltd., a large, domestic...

Alibaba nets share of Easyhome to push ‘new retail’ strategy

  Chinese Internet giant Alibaba is heading up a 5.4 billion yuan (US$870 million) investment in Beijing Easyhome, one of the leading companies in the...