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Hangzhou-based Huanxiong Technology, developer of mobile wedding services app Licheng, recently completed approximately RMB 100 mln in Series B funding from online and mobile local life service platform Koubei, an affiliate of Chinese internet conglomerate Alibaba Group (NYSE: BABA). Read More
Xiao Jun, CEO at Chinese B2C e-commerce platform JD.com's (Nasdaq: JD) "JD X" business division, recently said that the company will launch a new smart restaurant called "Joy's" in August, which will include unmanned services for food ordering, preparation, and serving. Read More
Beijing-based group catering service provider Xiyun Enterprise Management has won USD 200 mln in Series A funding from Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), CDH Investment, and Alibaba-affiliated local life service platform Koubei. Read More
Online and mobile local life services platform Koubei, operated by Alibaba Group (NYSE: BABA) subsidiary Koukou Xiangchuan Network Technology, recently launched a new "Smart Restaurant of the Future" concept product. Read More
Chinese e-commerce conglomerate Alibaba Group's (NYSE: BABA) online and mobile local life service platform Koubei is reportedly soliciting new funding in the RMB 1.5 bln to RMB 2 bln range, according to online industry media outlet Jiemian.com, citing source close to the matter. Read More
Fan Chi, CEO of Alibaba Group's (NYSE: BABA) Hangzhou-based subsidiary Koukou Xiangchuan Network Technology, has announced that Koukou Xiangchuan's online and mobile local life service platform Koubei will invest RMB 5 bln to help transform the local life services industry, including restaurants, supermarkets, and entertainment venues. Read More
Beijing-based Shenghuo Banjin Information Technology, operator of online and mobile food delivery platform SHBJ.com, recently received an RMB 300 mln investment from Alibaba Group (NYSE: BABA) subsidiary Koukou Xiangchuan Network Technology, operator of online and mobile local life service platform Koubei. Read More
Chinese group buy site Meituan has reportedly acquired Beijing-based Kuxun Interactive Technology, operator of travel search engine Kuxun.cn, according to industry sources. Read More
Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), and Alibaba have jointly announced that they will each invest RMB 3 bln to set up a local life services subsidiary called Koubei. Read More
Shanghai-based mobile SNS app developer Guanxi Information Technology has announced the release of the company's new "Firefly" local events recommendation mobile app. Read More