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Meituan-Dianping raises $4B new fund, reflects heated proxy war of Tencent and Alibaba

Meituan-Dianping, China’s O2O and e-commerce platform, announced today that it has landed a $4 billion Series C round of financing led by Tencent. With the newly pocketed funds, the firm is expected to further expand its four core businesses: in-store dining, entertainment, on-demand delivery, and travel. Meituan-Dianping has a large scale of offerings, including food […]

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Taiwan Turnaround: Going Global

In part 2 of the Taiwan Turnaround series looking at how Taiwan’s internet tech scene is catching up, TechNode talks to VCs, accelerators, and entrepreneurs about how they are helping Taiwan startups to go global. Next, in the series, we check in with some star players about the talent issue in Taiwan. Read Part 1, Part 3 and […]

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Behind the scenes of Tmall’s brand flagship stores and the Taobao Partner program

With surging demand for foreign products from Chinese consumers, China is projected to become the world’s largest cross-border e-commerce market by 2020, according to China Internet Watch. Over the last decade, Alibaba created not only an e-commerce ecosystem on their own but also an ecosystem of business solution providers for foreign brands that want to tap into […]

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Momo Stock Surges 20% As Alibaba Vice Chairman Joins Board

Momo Inc., one of China’s most popular social networks, saw its stock leap almost 20 percent following an announcement that Alibaba Holdings Group Ltd. vice chairman Joseph Tsai has joined the company’s board. Momo received a privatization bid in June 2015, just six months after their NASDAQ listing in December 2014. Tsai’s involvement suggests that Alibaba could […]