China | Page 5

The U.S. fast food company had announced in March it was reorganizing its Asian operations by bringing in partners who would own the restaurants within a franchise business.

The deal will see the U.S. grocery giant swap its Yihaodian platform for a 5 percent stake in JD.com Inc., worth about $1.5 billion by the firm's latest market value.

Plus: Taco Bell is giving away free Doritos Locos tacos today as promised during the NBA Finals.

Plus: Shanghai Disneyland opened its doors today.

The funding round valued the company at more than $25 billion.

Echoing that growth, Chairman Jack Ma said Alibaba expects to have 2 billion consumers on its books by 2036, up from 423 million active buyers in 2016.

The latest fundraising comes with China's top ride-hailing company locked in a struggle to fend off its global rival's march into China.

Hong Kong's location and economic freedoms makes it an ideal place spot to foster growth and penetrate the Chinese market.

It's not as frightening as it looks at first glance.

'China has set a clear precedent with nearly every other tech company that operating in the country comes with certain strings attached,' analyst says.

The ecommerce company has been dogged for years by accusations that its online shopping platforms were conduits for counterfeiters and critics say it has not done nearly enough to stop the problem.

China's quest is global dominance of the tech industry. It could overtake Silicon Valley.

The U.S.-based International Anti-Counterfeiting Coalition announced on Friday that it would suspend Alibaba's membership, after several IACC member companies quit the group in protest at Alibaba's inclusion.

Cook has planned to meet high-level government officials, a source familiar with the matter said earlier this month.

It's all about selling services in China (and taking on Uber in the process).

Travis Kalanick explained that his girlfriend owns Apple shares which makes her an investor in Didi Chuxing, Uber's rival in China.

The tech giant's rare investment has made the space look so much more interesting.

Li's letter said employees were making compromises for the sake of commercial interests and placing earnings growth above user experience.

The Beijing Municipal High People's Court said the Zhongshan Pearl River Drinks application to label certain foods and beverages 'face book' was an obvious act of copying and harmed fair market competition.

The total value of goods transacted on its platforms on China retail marketplaces, rose 24 percent.

The Beijing company Xintong Tiandi Technology can now sell IPHONE-branded purses, wallets and phones cases.