Xingyin Information Technology Co., Ltd. announced that it has received $500 million in funding from Temasek Holdings Limited, Tencent Holdings Ltd., Investment Arm, Alibaba Group Holding Limited, Shenzhen Tiantu Capital Co., Ltd., Gongqingcheng Genesis Investment Management Co., Ltd.
Xingyin Information Technology (Shanghai) Co., Ltd. announced that it has received $500,000,000 in an equity round of funding co-led by Temasek Holdings (Private) Limited and returning investor Tencent Holdings Ltd., Investment Arm, on November 8, 2021. The transaction includes participation from returning investors Alibaba Group Holding Limited, Shenzhen Tiantu Capital Co., Ltd., Gongqingcheng Genesis Investment Management Co., Ltd. The returning investors will have increased stakes in the company. The round is raised at a post money valuation of $20,000,000,000.
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through nine segments. The China Commerce Retail segment is engaged in the China commerce retail business. The China Commerce Wholesale segment is mainly engaged in the operation of 1688.com. The Cloud Intelligence segment provides cloud services. The International Commerce Retail segment provides customer management services, sales of goods and logistics services. The International Commerce Wholesale segment is mainly engaged in the operation of Alibaba.com. The Cainiao Represents Logistics Services segment provides fulfilment services. The Local Services segmentâs revenue includes platform commissions, logistics services revenue. The Digital Media and Entertainment segment engages in the operation of Youku and Alibaba. The All Others segment is mainly engaged in the Sun Art, Freshippo and other business.
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Xingyin Information Technology Co., Ltd. announced that it has received $500 million in funding from Temasek Holdings Limited, Tencent Holdings Ltd., Investment Arm, Alibaba Group Holding Limited, Shenzhen Tiantu Capital Co., Ltd., Gongqingcheng Genesis Investment Management Co., Ltd.
