ALIBABA GROUP TO SHY AWAY FROM INDIAN STARTUPS MOMENTARILY

• China’s largest e-tailer, Alibaba Group is done with investing in Indian startups for the time-being at least, amidst geo-political conflicts arising from border skirmishes.
• The Chinese group which has investments worth around $2 billion lying in Indian startups has come ...

ZOMATO LOSES $100 MILLION FUNDING FROM CHINESE INVESTORS

Highlights:

• In January, Zomato had raised $150 million from Alibaba affiliate Ant Financial as a part of larger funding round.
• Ant Financial has invested already around $560 million in Zomato and has a stake of more than 25 percent in the company...

Ant Financial, an affiliate of Vanguard to provide equity consultancy in China

Chinese fintech company Ant Financial and U.S. asset manager Vanguard have joined forces to provide investment advisory services to Chinese retail consumers. According to a statement released Saturday, a joint venture between the two firms will provide personalized offerings to investors based on...