News & Analysis

Alibaba to acquire $4.6 billion stake in Suning; acquires Zirtual; Vox Media raises $200 million

- August 14, 2015 5 MIN READ

At the end of another week, Alibaba has signalled its intentions to acquire a 20 percent stake in Chinese electronics chain Suning for $4.6 billion, rescued virtual assistant startup Zirtual, and Vox Media got a $200 million investment from NBC Universal. Closer to home, Sydney on-demand cleaning startup WHIZZ raised $2 million.