Chinese outbound visa service ByeCity receives $20M capital boost from Alibaba

Beijing, China-based outbound visa service ByeCity received $20 million in its Series B funding from Alibaba Group Holding Ltd and Chinese private equity firm CBC Capital.

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China-based logistics firm EMS withdraws IPO application

China Postal Express and Logistics Co Ltd (EMS), the biggest integrated logistics service provider in China announced on Friday the withdrawal of its application for an initial public offering (IPO).

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