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HangZhou News>> News>> National
Chinese Internet companies investing overseas
en.hangzhou.com.cn  2015/12/16 16:48  Source:English.news.cn

    The logo of Alibaba Group is seen inside the company's headquarters in Hangzhou, Zhejiang province early November 11, 2014. (Source: Agencies)

With the fast development of China's Internet economy, several Internet companies are speeding up their mergers and acquisitions abroad to increase their presence in the global market. Let's take a look at some Chinese Internet companies that are currently investing overseas.

Alibaba, Ant Financial inject fresh cash into India's Paytm

Chinese e-commerce giant Alibaba and its finance arm Ant Financial are injecting fresh capital into India's largest mobile payment and commerce platform Paytm, according to a Reuters report on Sep 29. However, they didn't disclose how much it is worth.

Alibaba, Foxconn invest in India's Snapdeal

Alibaba Group Holding Ltd and Foxconn Technology Group pushed further into India with a $500 million investment in Snapdeal, a famous online shopping website in India, the Bloomberg reported on Aug 18. Snapdeal did not break out individual investments.

Alibaba set to buy $700m stake in Indian phone maker Micromax

Chinese e-commerce giant Alibaba is set to sign an agreement with Indian phone maker Micromax to buy a quarter share of the company for about $700 million, India's Economic Times reported on June 25, citing people familiar with the deal. The deal, which may also see the participation of Japan's SoftBank, could value Micromax as high as $5 billion.

Alibaba ploughs $200m into US' Snapchat in latest startup deal

Alibaba Group Holding Ltd is investing $200 million in photo-messaging app Snapchat, the Bloomberg reported on March 12 citing a source familiar with the deal. The investment values the company at around $15 billion.

Alibaba's Ant Financial buys 25% of India's One97

The Hangzhou-based Ant Financial, Alibaba's finance arm, agreed to buy 25 percent of Indian payment services provider One97 Communications, tapping into the potentially huge online retail market in India, according to a statement on Feb 5.

Alibaba buys stake in US online retailer Zulily for $56 million

Chinese e-commerce giant Alibaba Group bought a large stake in US online retailer Zulily for $56 million, allowing it to gain footing across the Pacific. Alibaba has invested big in US e-commerce companies, including luxury shopping website 1stdibs and ShopRunner, a shipping service provider for retailers.

Tencent invests $50m in Canada's Kik Interactive

Canadian instant messaging service provider Kik Interactive said on Aug 19 that it had received a $50 million investment from the Chinese Internet company Tencent Holdings Ltd, which pushes Kik's value to more than $1 billion.

Tencent pushes further in US gaming with Glu Mobile stake buy

Tencent Holdings Ltd, China's biggest social network and online entertainment firm, agreed to buy 14.6 percent of mobile game developer Glu Mobile Inc for $126 million to expand in the US gaming market, according to a Reuters report on April 29.

Baidu confirms investment in online taxi service Uber

Chinese Internet giant Baidu Inc confirmed last year it is buying a stake in fast-growing international car-hailing service Uber as the pair chase growth in one of the world's largest transportation markets.

Didi invests in taxi app GrabTaxi and Indian app Ola

China's most popular ride-hailing app Didi Kuaidi said on Sep 28 it has invested in Indian peer Ola. Earlier, Didi Kuaidi, together with sovereign wealth fund China Investment Corporation and hedge fund Coatue Management LLC, invested over $350 million into taxi-booking app GrabTaxi, according to a Reuters report on Aug 19.

(Source: Chinadaily.com.cn)

Author: Editor:Xinyi TANG
 
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