Alibaba’s O2O lifestyle app is testing online menu for restaurants

Alibaba’s lifestyle app Koubei is testing an online restaurant menu function (in Chinese) at a chain tea shop and a fast food store in Wuxi City. The …

Alibaba’s Koubei app invests RMB 100 million in “shout red envelopes” game to compete Meituan

Spring Festival is approaching and the annual hongbao war is on. Alibaba's lifestyle app Koubei invested 100 million yuan on the "shout red envelopes" …

Meituan-Dianping rumored to raise up to $5 billion in funding

Meituan-Dianping may soon raise its value to $25-30 billion with a new round of fund raising worth between $3 and 5 billion, according to unknown sourc…

China’s tech M&A in 2017: Less consolidation, higher valuations

Consolidation, a normal part of any industry, generally consists of three stages: fragmentation, acquisitions & expansion. The stages are the same …

Alibaba’s lifestyle unit Koubei snags 1.1B USD to accelerate local expansion

Alibaba has grown into a diversified conglomerate that encompasses several multi-billion dollar affiliates from Ant Financial and AliCloud to Cainiao L…

Chinese E-Takeaway Service Dianwoba Receives Funding From Alibaba’s Koubei

Dianwoba, an online food and grocery delivery service, announced an undisclosed amount of Series C funding from Koubei, the local lifestyle service…

Salute! Jack Ma and Alibaba's Cloud Service

There are some superstars in Chinese web. Pony Ma who created Tencent and Robin Li who built Baidu, are great Chinese entrepreneurs, but some people st…