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The logistics arm of Alibaba Group Holding Ltd has completed a funding round, China's biggest e-commerce company said.
Huawei Technologies Co Ltd, the world's second-largest telecommunications equipment maker, and Malaysian state investor Khazanah Nasional, will set up a data hosting and logistics centre in southern Malaysia to serve the Chinese firm's regional customers, both firms said on Friday.
The Cerdik initiative, which aims to equip students with laptops, tablets and Internet access for e-learning, would start rolling out this February.
As the world moves towards a digital economy, ideas and technology will be a nation's primary export, not physical resources or capital, predicts Tencent Holdings senior executive vice-president Lau Seng Yee.
Cainiao Network will hold another round of fundraising but it is hoping that money raised in March will be sufficient for a year to 18 months.
The outsourcing industry is expected to be one of the key growth sectors in the economic development of the Iskandar Malaysia region in Nusajaya, Johor.
Discretion is paying off for India's largest online lingerie retailer Zivame: its sales have risen five-fold in the four years since its launch.