Alibaba.com 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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Chinese Consumers Spend $5.7B During 11.11 Shopping Festival

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Chinese consumers have spent a record CNY35.01 billion ($5.7 billion) in the 11.11  Shopping Festival that is held by e-commerce giant Alibaba.  The festival can be compared to Cyber Monday in the United States.  Total sales during the event is up 83% from the previous year and 171.4 million orders were placed on Alibaba’s e-commerce platforms Tmall and Taobao.

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Quixey Raises $50 Million In Funding

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Quixey is an app search engine that has raised $50 million in funding as part of a round led by Alibaba.  Alibaba will be getting a seat on the board of directors at Quixey.

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Alibaba To Offer 10TB Of Cloud Storage Through Kanbox Acquisition

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Alibaba is going to start offering 10TB of free personal cloud storage as they have acquired Kanbox.  Alibaba acquired Kanbox for an undisclosed amount.  Alibaba rival Baidu.com offers 1TB of free space.
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Report: Alibaba Is Planning To List Shares In The U.S.

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Alibaba, one of the largest e-commerce companies in China, is planning to list their shares in the United States.  This is happening because talks for an IPO with the Hong Kong stock exchange fell through, according to sources with The Wall Street Journal.
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