Investments

Charlie Munger doubles down on Alibaba Stock
Investments, Tech

Charlie Munger doubles down on Alibaba Stock

Warren Buffett‘s longtime partner Charlie Munger has disclosed that a firm that he chairs nearly doubled an investment in the Chinese internet giant Alibaba Group Holding. Munger now owns over 300,000 Shares of Alibaba Stock through Daily Journal. Daily Journal publishes newspapers and websites covering California and Arizona, and produces information services; it also owns large stakes in stock, with a portfolio valued at $225 million. The current holdings are pictured below : Charlie Munger's Daily Journal Holdings as of September 30 2021 To say that Charlie Munger is bullish on Alibaba would be an understatement. Since he added to his position Alibaba Stock is up by approx 24%. The current price is 165.50 HKD. $162.10 on the Nasdaq.
Ninja Van raises $578 million in Series E funding, Alibaba among Investors
Investments, Logistics

Ninja Van raises $578 million in Series E funding, Alibaba among Investors

Ninja Van has raised $578 million in Series E funding, pulling in existing and new investors that include Chinese e-commerce giant Alibaba Group. The latest round comes over a year after it secured $279 million in Series D and amidst talks it is targeting a US public listing.  Singapore-based logistics services operator Ninja Van said last Sunday that its latest funding round pulled in existing investors Geopost/DPDgroup, B Capital Group, Monk's Hill Ventures, and Zamrud. Alibaba also participated in this round as a new investor, said Ninja Van.  The funds injection would go towards beefing up its infrastructure and technology systems to support "a sustainable long-term cost structure", Ninja Van said. It added that the investment also would support the "quality and consistency" of ...
Alibaba to back HK$2 billion Greater Bay Area venture fund
Investments

Alibaba to back HK$2 billion Greater Bay Area venture fund

Chinese e-commerce giant Alibaba announced on Tuesday that it will back a venture fund of HK$2 billion ($257 million) that will invest in startups in the Greater Bay Area. The Greater Bay Are is an area located in Southern China and Beijing wants to turn into the country's growth driver. The company did not reveal its initial investment in the Greater Bay Area fund but Cindy Chow, executive director of the Alibaba Hong Kong Entrepreneurs Fund, said the new fund will seek to participate in Series B or later rounds. They can either be Hong Kong startups planning to expand into the Greater Bay Area or native to the region. The Greater Bay Area is a national initiative led by the central government to create a mega-economic hub comparable to other metropolitan clusters like Silicon Vall...
Alibaba invests in VinMart operator The CrownX
Ecommerce, Investments, Retail

Alibaba invests in VinMart operator The CrownX

A consortium led by Chinese e-commerce giant Alibaba will invest $400 million in the subsidiary of conglomerate Masan Group that operates retail chain VinMart. This is another Investment by the Chinese Firm in Vietnam. The consortium, including Baring Private Equity Asia, one of the largest private equity firms in Asia, has signed an agreement to acquire a 5.5 percent stake in The CrownX, a deal that values the company at $6.9 billion. Masan will own an 80.2 percent stake in the company after the deal. With Alibaba on board, The CrownX will partner with its Southeast Asian ecommerce company Lazada to accelerate the offline to online market in Vietnam. VinCommerce (A subsidiary of The CrownX that operates the VinMart supermarket and VinMart+ convenience store chains) will be th...