Rumor: Alibaba to Make USD Multi-billion Investment in Today's Headlines

Kai Ba, 4/26/18

Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) is looking to make a USD 10-digit investment in Beijing-based Bytedance Technology, operator of online and mobile news portal platform Today's Headlines, according to independent tech media blogger "Kai Ba." Both companies responded by saying that they do not comment on market rumors.

According to Kai Ba's report, someone familiar with the matter has said Bytedance is currently conducting a new round of financing, and among the prospective investors Alibaba is planning to make a multi-billion USD investment. The purported Alibaba insider said that in addition to the traffic-generation/cross-promotion value Alibababa sees in partnering with Today's Headlines, Alibaba is also interested in the potential marketing opportunities presented by Bytedance's video sharing app Douyin. For example users could directly link to and enter Alibaba's C2C e-commerce site Taobao from within Douyin.

Editor's Note: Kai Ba is the pen name of tech blogger and deputy editor of Sohu's IT channel Lin Fenglei.

Keywords: M&A Internet Alibaba Group Bytedance Today's Headlines BABA Lin Fenglei Douyin funding online information service mobile information service mobile short video mobile music

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily