Alibaba Group

NBA: Alibaba Group executive vice-chairman Joe Tsai approved as new owner of Brooklyn Nets

The backing of the NBA's board of governors was the final step to complete the deal, worth a reported $3.5 billion, for Tsai to buy the club and its arena, the Barclays Center

Brewing giant AB InBev seeks to raise $9.8 bn for Asia unit in world's largest IPO this year; deal to be a welcome boost to Hong Kong

AB InBev has previously said an IPO of its Asia business could help create a brewing champion for the region such as Budweiser or Corona.

China's Alibaba Group files for Hong Kong listing, may raise $20 billion as soon as third quarter

China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as the third quarter of this year, a person with direct knowledge of the matter said

Huawei unveils new database management system expanding its enterprise business

Huawei is trying to grow its enterprise service business, a segment which accounts for 10% of its revenue.

BigBasket to invest $100 million to strengthen supply chain, will set up vending machines and distribution centres across cities

BigBasket had recently raised $150 million in funding, led by Mirae Asset-Naver Asia Growth Fund, CDC Group and Alibaba Group.

iPhone assembler Foxconn's chairman steps down to pave way for younger talent

A change in leadership would come at a delicate time for the world’s largest contract manufacturer.

BigBasket raises $150 mn from South Korea's Mirae, China's Alibaba and UK's CDC Group

Online grocery platform BigBasket has raised about $150 million from South Korea's Mirae Asset Management, UK's CDC Group, and existing investor Alibaba, according to regulatory filings

Paytm to raise $1.5-2 billion from existing investors SoftBank Vision Fund and Alibaba, total valuation to touch $16-18 bn

Paytm's e-commerce affiliate Paytm Mall is also in talks with online marketplace eBay to raise around $150 million

Paytm extortion case: Noida court rejects former executive Sonia Dhawan's bail plea, says she committed 'serious crime'

The court while rejecting Dhawan's bail application said that there is adequate evidence against the former Paytm executive and her active involvement in the crime has come to light.

Didi Chuxing launches crowdfunding, lending services to diversify business

The products bring Didi into competition with investor Alibaba Group Holding Ltd.