China Tech Investor 50: The coronavirus sell-off, and earnings from Alibaba, Baidu, and iQiyi
China Tech Investor is a weekly look atChina’s tech companies through the lens of investment. Each week, hosts ElliottZaagman and James Hull go through their watch list of publicly listed techcompanies and also interview experts on issues affecting the macroeconomy andthe stock prices of China’s tech companies.Make sure you don’t miss anything. Checkout our lineup of China tech podcastsIn this episode, the guys welcome back guest co-host Michael Norris from Agency China. The three of them discuss markets’ sudden and dramatic correction and strategies for coping with such dramatically negative ...
Alibaba buys NetEase's import e-commerce unit for $2bn
Shanghai (AFP) - Alibaba Group has bought the e-commerce platform of NetEase for about $2 billion and will participate in a $700 million investment in NetEase's music streaming service, the two Chinese firms said on Friday.The move will see e-commerce titan Alibaba take control of Kaola, one of China's top online shopping platforms for foreign brands.The two US-listed internet giants said Kaola would continue to operate independently under its current brand but Alvin Liu, an executive with Alibaba's Tmall platform, would take over as chief executive.Alibaba and NetEase also have reached an agr...