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After years of losses, Alibaba-backed logistics provider Best predicts profits by year-end

Best serves TMall and Taobao, among other e-commerce heavyweights.

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The online grocer had diversified into many on-demand niches but is now scaling back several of them.
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Honestbee to exit Singapore’s food delivery market, suspends on-demand laundry services
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The platforms will be designed to bolster the country’s sharia-compliant economy.
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Indonesia’s Tokopedia and Bukalapak are developing halal marketplaces
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It was valued above USD 2.5 billion in the previous fundraising round.
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Ant Financial-backed Hello Chuxing seeks hefty financing that would take valuation to USD 4 billion
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It’s the fourth time this year.
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Xiaomi to buy back 10% of its shares
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The asset-heavy operation was unsustainable.
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Daimler’s car-sharing platform car2go exits China
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Impossible Foods, the California-based food tech company that produces plant-based meat has raised USD 300 million in a Series E round led by Singapore’s Temasek Holdings and Hong Kong tycoon Li
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Impossible Foods raises USD 300 million in Series E round co-led by Temasek and Horizons Ventures
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Trade tensions continue to escalate
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US commerce department bans six Chinese companies from buying sensitive US technologies
2 mins read
Where do you shop?
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Alibaba is the second most valuable retail brand worldwide, following Amazon
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