NewsCHINA BRIEF | Cosmetics unicorn Perfect Diary raises USD 100 millionThe company was the top-selling cosmetics brand on Tmall in 2019. 1 min read
JD.com’s NFC payment tool JD Shanfu took the largest share in this niche market. NewsChina’s mobile payments hit USD 8.4 trillion, NFC payments see 50% increase2 mins read
The company’s rotating chairman cautioned that the external environment will only get more complicated going forward. NewsHuawei reports 19.1% revenue growth in 2019 amid drop in Asia Pacific sales2 mins read
The deal makes Yuanfudao the top Chinese online education startup by valuation. NewsYuanfudao bags USD 1 billion in largest-ever edtech fundraising deal in China2 mins read
Pinduoduo is currently mired in heavy financial losses. NewsCHINA BRIEF | Pinduoduo plans USD 1.1 billion private placement for long-term investors (updated)1 min read
Tencent’s conferencing and communication platforms will play a role in allowing participants to voice their ideas. NewsUN teams up with Tencent to hold global online conversation for the UN75 campaign2 mins read
Lalamove became a unicorn firm in 2019 after its USD 300 million Series D round. NewsCHINA BRIEF | On-demand trucking service provider Lalamove invests in Southeast Asia-based logistics firm Inteluck1 min read
This move comes after the firm’s net income in the fourth quarter of last year decreased by 42.9% year-on-year. NewsWeibo opens e-commerce management tool to over 500 million users2 mins read
The firm provides services to companies such as Tencent, Zhihu, and BYD. NewsCHINA BRIEF | Softbank-backed travel and expense reimbursement SaaS provider Huilianyi closes USD 42 million Series C+ round1 min read
