KrASIA Writers

China’s JD.com is teaming up with Sequoia China to raise up to RMB40 billion (US$5.81 billion) for a state-owned fund that invests in China’s long-term and strategic tech areas.

The merger deal will give birth to China’s largest online healthcare platform for multisite license medical practice.

The company is reportedly also developing a censored version of an online search app for China users.

Don’t Do Evil but the US tech giant is reportedly planning a censored search app in China

In a bid to turn a profit by the end of this year, Ofo is scaling back its global ambition.

The company won close to US$1 m last year from a startup competition by Alibaba Fund

With sales dropping, the coffee chain giant might be facing a real threat from local startup Luckin Coffee.

The news come after the bike-sharing company halted its international expansion plans