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Ecoinno, a Hong Kong-based company producing sustainable packaging made from plant fibres, has attracted US$6 million in a series A1 funding round led by two Alibaba funds.
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Hotelmize – one of PhocusWire’s Hot 25 Startups for 2020 – is aiming to gain a foothold in Asia Pacific and to expand operations in the region following a new capital raise. Alibaba Hong Kong Entrepreneurs Fund and Brilliance Ventures are leading the Series B round of undisclosed funding.
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Alipay, one of China’s dominant digital payments providers, has teamed up with Russian internet firm Mail.ru in an e-wallet joint venture to develop digital payments in the country.
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Alibaba Group’s affiliate online payment service company Ant Financial has secured a virtual bank license from Hong Kong authorities, according to a statement.
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Alibaba Group founder and billionaire Jack Ma again weighed in on the Chinese tech industry’s grueling overtime work culture on Sunday, this time calling enforced long hours “unsustainable.
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BAce Capital, a venture capital firm targeting early-stage startups from India and Southeast Asia, has announced the raising of US$100 million from Alibaba-affiliated fintech giant Ant Financial as well as institutional investors and high net-worth individuals from the US, China, India, and Southeas
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Alibaba has formally thrown its hat into the virtual reality ring after the Chinese e-commerce giant announced its own VR research lab, dubbed GnomeMagic Lab.
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