Alibaba Posts

Lyft raises $250 million

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Lyft has raised $250 million in funding in order to expand its ride-sharing services in the U.S. and across the globe. The $250 million Series D round was provided by Coatue Management, Alibaba, Third Point, Andreessen Horowitz, Founders Fund, and Mayfield Ventures. Lyft is now available in 30 cities throughout the country. The company also went from 30 employees at the start of the last year to around 240 now. The company is now moving to a larger office.
[Source: TechCrunch]

Alibaba is investing $692 million in Intime Retail for joint venture

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Alibaba Group is investing around $692 million in retail company Intime Retail in order to set up a joint venture to provide linkages between their physical and online retail businesses in China.

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Tango raises $280 million in Series D

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Tango is a social startup app company that has raised $280 million in Series D funding led by Alibaba Group. Alibaba invested $215 million into Tango alone. There was participation from Tango’s existing investors as well. Tango has raised a total of $367 million in venture funding from investors like DFJ, Qualcomm Ventures, Jerry Yang.
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Alibaba invests $804M in Chinavision Media Group Limited (1060)

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Alibaba has bought an $800 million stake in public company, Chinavision Media Group Limited (HKG:1060). Alibaba will own a majority of ChinaVision Media Group following the HK$6.24 billion ($804 million) investment. Alibaba is buying 12.5 billion new shares of ChinaVision for 50 Hong Kong cents (22% lower than the closing price of 64 Hong Kong cents before the stock was suspended from trading on February 25th).
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TutorGroup receives $100 million in Series B funding

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TutorGroup is an online education company that has received $100 million in a second round of funding. Alibaba, Temasek and Qiming Venture Partners participated in this round.
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Alibaba may take AutoNavi private in $1.58 billion deal

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Alibaba Group is offering to take Chinese digital mapping and navigation company AutoNavi private in a deal that would value the company worth around $1.58 billion. AutoNavi is going to form a committee of independent directors to consider the proposal.
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Tiger Global reportedly buys $200 million in Alibaba through secondary markets

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Tiger Global Management has acquired $200 million worth of Alibaba Group shares through a secondary market. Alibaba’s valuation is believed to be worth around $125 billion after Tiger Global’s investment. Tiger Global Management is a hedge fund founded by Julian Robertson and is led by Chase Coleman. Alibaba is the largest e-commerce company in China. The company is planning to go public in the United States sometime in the near future. Tiger Global reportedly bought $200 million worth of Alibaba Group shares. Another major Alibaba shareholder is Yahoo! Inc. Yahoo! owns around 24% of Alibaba.
[Source: USA Today]

Alibaba and Haier partner in new logistics joint venture

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Alibaba and Haier have partnered on a new logistics joint venture. Alibaba will invest 2.82 billion Hong Kong dollars ($364 million) in Haier Electronics as part of the deal. The logistics JV will oversee the delivery and assembly of household appliances along with other large items to buyers.
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