Alibaba

Alibaba joins JD.com and Tencent to become an investor in the London-based company.

Tencent, which has backed Kuaishou since 2017, will be a cornerstone investor in the IPO.

Zhenkunhang has scored USD 315 million in its Series E round.

Jack Ma’s retirement marks a new era for the country’s innovators.

Ant Group’s shares will be ready for public trading in Shanghai and Hong Kong next week.

The move comes months after Alibaba announced a USD 1.5 billion investment plan to strengthen the AI and Internet-of-Things (AIoT) ecosystem around its smart speaker Tmall Genie.

Alibaba is subscribing for a fifth of the available Ant shares in the IPO, that could raise as much as USD 35 billion.

Tencent’s Pony Ma registers the biggest personal wealth increase among all the names on the rich list.