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Alibaba's Finance Affiliate Raises USD 4.5 Bln Series B

Mydriver, 4/26/16

Zhejiang Ant Small & Micro Financial Services Group (Ant Financial), the financial services company affiliated with Alibaba Group (NYSE: BABA), has publicly announced its completion of USD 4.5 bln Series B funding with investment from China Investment Corporation, China Construction Bank Trust, China Life Insurance, China Post Group, CDB Capital, Primavera Capital Group and others. Read More

Coo8 to Build In-House Delivery Team

Sohu IT, 6/14/12

Ding Donghua, CEO of Gome's (0493.HK) B2C consumer electronics subsidiary Kuba Technology (Coo8.com), has revealed that Coo8 will establish its own in-house delivery team due to the comparatively high cost of third-party logistics firms. Read More

VIPShop Applies for Courier Services License

21st Century Business Herald, 6/14/12

Tang Yizhi, vice president for logistics and customer service at Chinese B2C brand-name discount site VIPShop.com revealed today that VIPShop has submitted its application for a courier services license to authorities. Read More

Alibaba to Launch On-Site Supplier Screening Service

Sina Tech, 12/21/11

Chinese B2B e-commerce company Alibaba.com (1688.HK) today announced it will work with China Post and an independent verification company to offer on-site certification services for all China-based merchants starting in early 2012. Read More

China Post, Tom Group Launch B2C JV

Tencent Tech, 8/02/10

China Post has formed a partnership with Chinese internet company Tom Group (2383.HK) to jointly launch a B2C JV, Ule.com.cn. Read More

China Mobile, Government Promote Rural Mobile

The Beijing News, 4/29/08

The Ministry of Commerce has published an agreement signed with China Mobile (NYSE: CHL; 0941.HK) and the China Post Group on April 26 on a project to bring mobile telecom services to rural areas. Read More