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Alibaba, Tencent Holdings to Fund Didi Kuaidi $1 Billion

Did Kuaidi, the largest ride-hailing service in China is about to raise $1 billion the same amount that Uber spent last year for its expansion. It is going to be a tough competition for both companies since they are being backed up by other large companies such as Alibaba and Tencent Holdings Inc.

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Online Shopping Spree On China's Single's Day

JD Finance, JD.com subsidiary raises $1 billion

JD.com, China’s largest online direct sales company, has raised $1 billion, for its JD Finance subsidiary from investors including Sequoia Capital China, China Harvest Investments and China Taiping Insurance.

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Xiaomi

China's Xiaomi to buy stake in software firm Kingsoft from Tencent

China's Xiaomi Inc [XTC.UL] has agreed to buy about 3 percent of software firm Kingsoft Corp Ltd from Tencent Holdings Ltd for HK$527 million ($67.99 million), according to a Kingsoft filing on Monday.

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Alibaba logo

Alibaba's latest mobile messaging effort: social networking for businesses

China's Alibaba Group Holding Ltd (BABA.N), the world's biggest e-commerce company, is piloting a mobile messaging app aimed at marrying social networking with business, an Alibaba spokeswoman said on Friday, as the company expands its enterprise services.

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Alibaba, Tencent chairmen invest in China's Ping An Insurance

The founders of Alibaba Group Holding Ltd (BABA.N) and Tencent Holdings Ltd (0700.HK) were among a consortium of investors who purchased stakes in Ping An Insurance Group Co of China Ltd (2318.HK) (601318.SS) in a HK$36.5 billion ($4.7 billion) deal on Sunday, in one of the largest Hong Kong share offerings of the year.

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Candy Crush

Tencent Holdings to launch Chinese version of Candy Crush Saga

Tencent Holdings would launch the Chinese version of Candy Crush Saga through a partnership with King Digital Entertainment.

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WeChat

China closes popular WeChat accounts

Dozens of popular accounts of WeChat, the social messaging app of Tencent Holdings Ltd, were closed by Chinese authorities, Reuters reported citing Chinese media reports.

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Tencent Holdings

Tencent Holdings Ltd agrees to acquire 15pct stake in retailer JD.com for $214.7M

Tencent Holdings will be acquiring a 15% stake in JD.com in a $214.7 million deal to provide a stronger platform that will rival Alibaba Group Holdings in the space, Bloomberg reported.

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Tencent Holdings

Tencent Holdings may acquire a 16pct stake in online retailer and merge platforms

Tencent Holdings, the biggest Internet company in China, could get a 16% stake in online retailer JD.com, according to a Chinese business newspaper, Reuters reported.

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Baidu Inc

China-based Baidu Inc to turn to acquisitions to lure smartphone users to its platform

Internet firm Baidu Inc intends to make more acquisitions this year to get more smartphone users in the world's largest smartphone market to patronize its services, Reuters reported.

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Tencent Holdings Ltd

Tencent Holdings Ltd in discussions to consolidate e-commerce business with JD.com Inc-sources

Tencent Holdings Ltd and JD.com Inc are in talks to join forces and consolidate their e-commerce operations, according to two people familiar with the matter interviewed by Bloomberg.

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Shanghai Stock Exchange

Venture capitalists face tougher competition from strategic investors in China as IPO market gains steam- report

Although they have remained silent for the good part of 2013, venture capitalists are now going back to China as the IPO market opens, but strategic investors are offering tough competition, The Wall Street Journal blog Venture Capital Dispatch reported.

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UCWeb

Alibaba-backed UCWeb Inc plans on acquisitions to challenge competition

UCWeb Inc, a company backed by Alibaba Group Holdings, is looking at acquisitions to add more programmers and platforms so it can better compete with its rivals, Bloomberg reported.

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Snapchat

Snapchat rejects USD3 billion bid from Facebook

Popular photo sharing service Snapchat turned down a USD3 billion acquisition bid from social media giant Facebook, saying the company will not start considering offers until next year.

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Dianping

Dianping.com value higher than Yelp or Groupon - CEO

According to its CEO, Dianping.com's value is higher than Groupon and Yelp or about USD10 billion.

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