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Tag: Alibaba

Five Largest Internet Companies Hit 1.7 Million Employees, a 60% Increase in a Year

The digital transformation fuelled by the COVID-19 has speeded up the growth of the world’s largest internet companies. Today, these tech giants employ more people than ever and generate revenue counted in tens and hundreds of billions of dollars. According to data presented by Buy Shares, Amazon, Alibaba, Alphabet, Facebook, and eBay, as the world’s largest […]

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Alibaba invested $5M in Israeli startup ThetaRay

ThetaRay, an Israeli cyber security company received 5 million dollars as investment from the Chinese e-commerce giant Alibaba. It must be noted that ThetaRay is running a funding round which is estimated to hit the mark of $20 million and at which General Electric (GE), Jerusalem Venture Partners (JVP) and Poalim Capital Markets are participating. The Israeli startup […]

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Ola “grabbed” $500M in order to… fight Uber!

Ola, which is Uber’s rival in India, managed to raise the impressive amount of $500 million in a series F funding round! Among investors are Didi Kuaidi, Uber’s rival app in China, Baillie Gifford, Tiger Capital, SoftBank Group, FalconEdge Capital and DST Global. Based on Ola’s claims, the company receives 1 million booking requests per […]

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Investment fund $306m from Alibaba for Taiwan startups

Taiwan Entrepreneurs Fund, an investment fund of about $306 million that will invest in startups in Taiwan was created by Alibaba. The fund will be managed by professional investment managers and will operate on a non-profit model, where profits generated from investments will be re-invested into portfolio companies. At the same time, Alibaba will help startups to […]

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Alibaba acquired Youku Tudou for $3.7 billion!

In a move to further expand its Chinese empire, Alibaba recently acquired the video-sharing site Youku Tudou for $3.7 billion in an all-cash deal! Youku Tudou, often referred to as the “Chinese YouTube”, is the largest Chinese-language video site on the web with 580 million online video users per month. It must be noted that until this […]

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