Alibaba invests $2.9B in hypermarket operator Sun Art to continue its offline retail push – TechCrunch

Shared from TechCrunch Alibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm announced today […]

ShopBack raises $25M for its cash back shopping service in Southeast Asia – TechCrunch

Shared from TechCrunch One of Southeast Asia’s lesser-known startups has come out from under the radar today after ShopBack, a cash back-focused e-commerce service, announced it has raised $25 million. Founded in 2014, the Singapore-based […]

Coin offerings using celebrity glitter may not be golden, SEC warns – TechCrunch

Shared from TechCrunch The Securities and Exchange Commission has issued a stern warning to the celebrities, athletes and social media stars pitching investment opportunities in virtual currencies. A slew of media stars — including the […]

China’s JD.com leads $19M investment in Southeast Asian online fashion brand Pomelo – TechCrunch

Shared from TechCrunch This year has seen unprecedented interest in Southeast Asia’s startups from Chinese tech firms, and today we can add another deal to the pile. JD.com, the close rival to Alibaba, has led […]