Alibaba's biggest investments in 2017

Photo: Reuters
In a good year for Alibaba it spent big on investments. Here’s this year’s top action.

 

SUN ART

 

Funding round: $2.9 billion

Country: China

Paying nearly $3 billion for a one-third stake, Alibaba invested in Sun Art Retail, which operates several well-known supermarket brands.

 

 INTIME

 

Acquisition amount: $2.6 billion

Country: China

Alibaba made its first serious push into brick-and-mortar retail back in early 2014 when it ploughed nearly $700 million into department store and mall firm Intime.

 

TOKOPEDIA

 

Funding round: $1.1 billion

Country: Indonesia

In August, it doubled down on its 2016 Lazada acquisition – which gave the Chinese firm an online shopping empire across much of Southeast Asia – by throwing a lot of money at Indonesian ecommerce app Tokopedia.

 

LAZADA

 

Funding round: $1 billion

Country: Indonesia

Alibaba upped its stake in Lazada in April, paying an extra billion bucks to go from 51 to 83 percent.

 

ELE.ME

 

Funding round: $1 billion

Country: China

China’s growing hunger for food delivery led Alibaba to once again invest in Ele.me, which emerged as the leading meal-delivery app.

 

CAINIAO

 

Acquisition amount: $799 million

Country: China

Cainiao is Alibaba’s logistics wing, running a network of warehouses and trucking partners.

 

OFO

 

Funding round: $700 million

Country: China

Both  Ofo and Mobike were bolstered by colossal funding rounds as they raced to expand overseas.

 

SOUCHE

 

Funding round: $335 million

Country: China

Souche – literally “search car” in Chinese – lives up to its name as a search engine for secondhand car buyers.

 

YIGUO

 

Funding round: $300 million

Country: China

Fresh foods app Yiguo operates in more than 200 cities across China, with those in some of the largest cities getting same-day delivery.

 

BIGBASKET

Funding round: $280 million

Country: India

Over in India, Alibaba is in the late stages of a move to invest in groceries startup BigBasket. This is an excerpt from the article published on Tech in Asia. You can read the full article here.


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