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Tencent plans to divest $24 billion Meituan stake: sourcesTencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially lar...- You think FAANG is distorting the S&P? Consider ATMAt this rate, instead of buying passive funds that track the MSCI index, investors might as well just pile into China’s version of FAANG, k...
- Alibaba, Xiaomi to join Hong Kong's Hang Seng IndexThe change announced by the Hang Seng Indexes Company on Friday was made possible after the 50-year-old benchmark's publisher changed the r...
- Chinese EV maker Li Auto files for US listingThe move comes as share prices of EV makers including Tesla Inc and Nio Inc have surged in recent months.
- Swiggy raises additional $43 mn as part of ongoing funding roundAlong with existing investor Tencent, new investors Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets...
- Zomato, Swiggy orders drop 70% in 10 DaysOnline food delivery orders for Zomato & Swiggy have dropped 70% in the last 10 days to under 1 million a day.
- Hundreds of Chinese firms seek billions in loans amid coronavirus outbreakChina is struggling to contain the epidemic, which has killed more than 900 people, the vast majority on the mainland, and infected more th...
- Twitter, TrustBridge help ShareChat close $100 million roundFirm plans to use funds to hire tech talent; may set up centre in Silicon Valley.
- Swiggy looks to extend service across hyperlocal delivery market by NovemberThe pilot for Swiggy’s diversified utility delivery play is likely to be rolled out by October-November.
- Swiggy enters unicorn club, raises $210 million from DST Global, NaspersThe additional capital will be used by Swiggy to ramp up its supply chain network and expand to new markets. Swiggy was valued at $700 mill...
- Chinese bike-sharing giant Mobike to begin India journey from PuneIndia is the second major market that the company will be launching in, post its $2.7-billion acquisition by Meituan Dianping.
- Swiggy looks to bring medicines, groceries to youThe development comes even as Swiggy is in talks to raise over $200 million from DST Global and hedge fund Coatue Management in a round tha...
- Global hedge fund Coatue in talks to buy stake in SwiggyThe move comes less than two months after South African media giant Naspers and Chinese ecommerce firm Meituan-Dianping invested $100 milli...
- Next-gen tech giants from China gear up to invade IndiaToutiao, Meituan Dianping and Didi Chuxing are aggressively looking to expand in India through investments and partnerships.
- Naspers, Meituan Dianping deliver $100 million to SwiggyThe deal is likely to have valued the four-year-old venture at about $600-650 million before the investment, according to people aware of t...
- This little-known Chinese startup just hit a valuation of $30 billionWang started Meituan.com in 2010 as a group-buying site similar to Groupon Inc., where people can get discounts by buying electronics or re...
- Chinese web service company Baidu sued for for unfair competitionShanghai Hantao Information Consultancy Co. Ltd, operator of Dianping.com, sued Baidu and another online company for copying comments and i...
- Why biggest China internet deal between Dianping and Meituan didn’t need two sets of bankersBoutique investment bank China Renaissance Partners advised both discount site Meituan.com and restaurant-review service Dianping.com on th...
- Besties? Why Alibaba, Tencent are teaming up in $15 billion dealJack, founder of Alibaba Group Holding Ltd., and Pony, founder of Tencent Holdings Ltd., are joining forces for the second time this year.
- China’s Meituan said to agree to $15 billion Dianping mergerTwo Chinese startups separately backed by Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have agreed to a merger that will create a $...
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