KrASIA Writers

Tencent appears to be doubling down on new retail as it recently embarked on a retail investment frenzy.

Shanhs.com is a platform that specializes in the collecting and recycling of used cell phones.

According to the source, Tencent, together with Indian media and technology company Times Internet Ltd. that founded the business, will invest a total of US$115m into the streaming service.

Ele.me is the missing piece in Alibaba’s last-mile delivery network which is critical to the company’s new retail concept.

China’s tech mogul Tencent is now behind both Go-Jek and Grab.

Chinese e-commerce platform targeting overseas market have a unique advantage as there are sufficient suppliers.

Alibaba is rumored to pump in US$ 9.5 billion to fully acquire food delivery startup Ele.me.

After the “intensive investment + Internet business model” strategy hitting the retail industry, it extended to the coffee shop field.