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Jack Ma says he isn’t about to retire from Alibaba but is planning a gradual succession – TechCrunch

Reports of Jack Ma’s impending retirement are greatly exaggerated, it seems. Ma, the co-founder and executive chairman of Alibaba, has pushed back on claims that he is on the cusp of leaving the $420 billion Chinese e-commerce firm….


China’s Didi suspends carpooling service after another female passenger is murdered – TechCrunch

Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber’s China business, has suspended its carpooling service after the murder of a female passenger. The fatality is the second such incident this…


Alibaba confirms it raised $3B for its newly consolidated local services business – TechCrunch

Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently acquired. The company said…


Korea’s Naver backs Southeast Asia-based e-commerce startup iPrice – TechCrunch

iPrice, an e-commerce aggregation service in Southeast Asia, has landed a strategic investment from Naver, the Korean internet giant valued at over $21 billion, as part of a follow-on to the startup’s $4 million Series…


Walmart co-leads $500M investment in Chinese online grocery service Dada-JD Daojia – TechCrunch

Walmart sold its China-based e-commerce business in 2016, but the U.S. retail giant is very much involved in the Chinese internet market through a partnership with e-commerce firm JD.com. Alibaba’s most serious rival, JD scooped…



Fast-growing Chinese media startup ByteDance is raising $2.5B-$3B more – TechCrunch

Fast-growing Chinese media startup ByteDance is looking to raise as much as $3 billion to continue growth for its empire of mobile-based entertainment apps, which include news aggregator Toutiao and video platform Tiktok. The Beijing-based…