Alibaba’s Ant Financial invests in Chinese bike-sharing startup unicorn Ofo

Ofo, the Chinese bike-sharing startup that recently claimed unicorn status, announced this weekend that it has added Ant Financial as an investor. In a statement...

Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its...

Ant Financial, the Alibaba affiliate company focused on financial services, appears to have finally won its battle with Euronet to acquire MoneyGram, the U.S.-based cross-border payments...

Alibaba’s Ant Financial to develop services in Indonesia as global expansion continues

Ant Financial, the fintech company affiliated with Chinese e-commerce giant Alibaba, is continuing its global expansion. The firm has taken its first official step into Indonesia today after...

Letgo raises whopping $175 million financing for its used goods marketplace

With a pitch for its users to just let go of the things they no longer need, the online used goods marketplace letgo has managed...

11 trends that will shape Southeast Asian eCommerce in 2017

While president-elect Donald Trump is working hard to stop China from becoming a global superpower, China hasn’t slowed its digital hegemony in Southeast Asia — and in Southeast Asia, China...

Digg CEO Gary Liu is leaving to head up Alibaba-owned newspaper SCMP

Digg, the one-time internet sensation, is losing the CEO that has nursed it back to good health. Gary Liu is flying the nest to become CEO of...

Crunch Report | Facebook Made Us All Dead

Hi! You are about to activate our Facebook Messenger news bot. Once subscribed, the bot will send you a digest of trending stories once a day. You can also customize the...

Alibaba smashes its sales record on Single’s Day, despite concerns of slowing growth

It’s November 11 — 11/11, or Singles’ Day — which is China’s biggest shopping day. A day for records. A big promotion day for Alibaba,...

Alibaba’s Lazada confirms acquisition of Singapore web grocery startup RedMart

Last week, we reported that Lazada, the e-commerce platform in Southeast Asia backed by Alibaba, was in talks to acquire online grocer RedMart, and today...

Amazon plans to enter Southeast Asia with Singapore launch in Q1 2017

Amazon is ready to enlarge its presence in Asia. Months after it pumped $3 billion into its India business and a week after it quietly introduced its...

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Expand your PC’s storage the easy way with these external hard...

Whether you want an external hard drive that is fast, portable, or comes with a ton of storage, one of these five hard...