The US$10bil (RM41.17bil) raised will more than double Meituan’s cash, giving it the biggest war chest after Alibaba’s, to invest in new technologies like autonomous delivery and build infrastructure for online groceries. Reuters
The competition between Wang Xing’s Meituan and fellow tech billionaire Jack Ma’s Alibaba Group Holding Ltd is turning into one of the great rivalries in Chinese business.
While Alibaba is the dominant force in e-commerce with a global reputation, Wang, a generation younger, has built Meituan into a fearsome rival, the world’s largest delivery empire with ambitions to encroach on Alibaba’s home turf. There’s also years of bad blood between the two companies after an early alliance broke down.
Meituan CEO who beat Jack Ma gets $10B for next fight
Coco Liu and Shiyin Chen, Bloomberg News Wang Xing , Bloomberg News
The competition between Wang Xingâs Meituan and fellow tech billionaire Jack Maâs Alibaba Group Holding Ltd. is turning into one of the great rivalries in Chinese business.
While Alibaba is the dominant force in e-commerce with a global reputation, Wang, a generation younger, has built Meituan into a fearsome rival, the worldâs largest delivery empire with ambitions to encroach on Alibabaâs home turf. Thereâs also years of bad blood between the two companies after an early alliance broke down.
Bilibili Inc (BILI): Price Now Near $102.8; Daily Chart Shows Downtrend on 50 Day Basis
At the moment, BILI (
Get Ratings)’s price is up $0.13 (0.13%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the
clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
BILI’s Technical Outlook on the Daily Chart
Tencent Holdings Ltd. and Alibaba’s supermarket arm joined their fellow Chinese tech giants in vowing to eradicate monopolistic practices, as the country’s largest corporations rush to publicly align themselves with Beijing.
Tencent joins China tech firms in pledging antitrust compliance
Zheping Huang and Coco Liu, Bloomberg News
China Tells Ant to Become Financial Holding Firm in Overhaul VIDEO SIGN OUT
Tencent Holdings Ltd. and Alibabaâs supermarket arm joined their fellow Chinese tech giants in vowing to eradicate monopolistic practices, as the countryâs largest corporations rush to publicly align themselves with Beijing.
The WeChat operator, Alibabaâs Freshippo and ride-hailing giant Didi Chuxing were among 11 Chinese tech giants that issued pledges Thursday to obey antitrust laws, two days after Beijing gave companies a month to conduct internal reviews and comply with government guidelines. Twenty-three companies have now issued vaguely worded statements promising everything from consumer rights protection to loosening controls over their platform, stopping short of outlining specific actions.