Alibaba

“We are in the right place at the right time to increase our leadership in China’s large video-based market,” says CEO.

ByteDance has increasingly threatened e-commerce platforms such as Alibaba, JD.com, and Pinduoduo as shoppers crave interactive video content and livestreaming.

Akrostar is just one of many domestics chip companies that are gaining investors’ favor as the country seeks to be self-reliant in core technologies like semiconductors.

Tencent’s WeBank also joins the six state-owned banks in the pilot.

UN shows world’s largest internet market still has ample room to grow.

It’s the latest and biggest financing round in the hot community group-buying field.

The acquisition will give a full exit to Alibaba and private equity firm Abraaj Group.

Overwork practices have garnered controversy in China, but the hyper-competitive job market means there’s always someone willing to take the job.