Alibaba plans to dominate the smart e-commerce sector

Alibaba has made another investment in the Chinese retail market, this time into a vending machine manufacturer. Alibaba affiliate Ant Financial said that it had invested Rmb1.2 billion $169 million in Beijing-based Ubox Online. Primavera Capital also participated in the round, contributing about Rmb400 million $56 million to the funding. Proceeds Continue Reading

U.S. money fund assets hit highest since October 2009: iMoneyNet

NEW YORK (Reuters) – U.S. money market funds amassed their highest level of assets since October 2009 as investors shift cash into low-risk products amid worries about a global economic slowdown and trade tensions, a private report released on Wednesday showed. Taxable money funds, which are seen as almost as Continue Reading

Temasek ramping up focus on cybersecurity assets

Long seen as the world’s standout technology investor among sovereign wealth funds, Temasek also appears to be blazing a trail in cybersecurity. Riding the global wave of heightened cyber resilience it has built a cybersecurity platform one that provides security solutions for its portfolio companies and serves as a due diligence factor Continue Reading

Q&A: How Ping An can nurture tech startups

Traditional Chinese corporates are gradually increasing their investment in tech startups, hoping to be ahead of the game. As China’s largest insurer by market value, Ping An Insurance Group has technology development as its core focus. And it wants to use capital to achieve this goal. In an exclusive interview Continue Reading

The race to sell insurance via social media

Social media giant Tencent has led an Rmb200 million $28 million Series B investment in Xiaobang Guihua an insurance advisory service platform on WeChat. Existing shareholders including Sequoia, Bluerun Ventures and Reinsurance Group of America joined the round. They also invested in Xiaobang Guihua’s Series A round in November last Continue Reading

Indian e-commerce startups attract Chinese investors

Indian social networking and regional content platform ShareChat raised $100 million Series D funding on Friday from a group of Chinese and US investors. Twitter and Shanghai-based Trust Bridge Partners led the round. They were joined by Shunwei Capital and Morningside Venture Capital from China, India’s SAIF Partners, India Quotient, and Continue Reading