China Tech Newsletter – Nov. 6, 2015

Alibaba will pay about US$3.7 billion in cash to buy the remaining stake in online video company Youku-Tudou. The transaction is expected to complete in the first quarter of 2016.

Youku-Tudou has led Series A funding in Dress+, an apparel visual search app. The startup was founded in January 2015. (via Sina Tech)

Faraday Future, an electric car startup founded by former Tesla employees, is backed by Chinese online video and smart device company Leshi, or LeTV. — LA Times

Alibaba Group is reportedly investing in American grocery delivery app Boxed. — Bloomberg


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s