Author: dumbcapital

Alibaba confirms it raised $3B for its newly consolidated local services business

Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently acquired. The company said it put the capital into the business alongside SoftBank, according to a note within its financial results that were released today.…

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How corporations and startups can more effectively work with one another

Maria Palma Contributor Maria Palma is vice president of Business Development and head of Platform at RRE Ventures. Build versus buy? Potential partner or potential disruptor? The option set for corporations to collaborate with startups used to be simpler. Today, the options seem almost endless: build, partner, buy, integrate with their APIs, co-develop product together,…

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