Scalper1 News
While it may make a U.S. mega-acquisition, Alibaba is also pursuing a lower-key strategy here: investing in promising U.S. tech startups. The exact purpose of its investments is unclear. Some appear aimed at tapping technology that Alibaba Group (BABA) needs to compete vs. Chinese Internet giant Tencent (TCEHY) and other rivals. Others may be more strategic and have a long-term focus on the U.S. and other markets. One key area seems to be mobile Scalper1 News
Scalper1 News