NewsHuawei said to be in talks with banks to raise USD 2 billion despite being on US blacklistHuawei said that its revenue for 2019 jumped 18% to USD 122 billion. 2 mins read
Currently, merchants have to offer different codes for each payment service. NewsTencent and state-owned UnionPay to merge QR code systems for mobile payments in China2 mins read
The brand aims to offer live-streamed English and maths courses to primary students in China. NewsTencent, Sequoia lead USD 80 million funding for VipKid’s new education brand Dami Wangxiao2 mins read
Online mobile engagement is driven by smart devices, digitization in the offline retail industry and live streaming, according to research firm QuestMobile. NewsChinese mobile users now spend over 6 hours every day online – that’s almost 2 full days a week3 mins read
Deloitte forecast that China’s online pharmacy sector will be worth RMB 400 billion (USD 57 billion) in 2020. NewsJD’s health care unit vaults into second position for new unicorns with USD 7 billion valuation3 mins read
Huawei shipped a total of 240 million devices in 2019, up from over 200 million units last year. NewsHuawei sees ‘difficult year’ ahead after it closes 2019 with 18% revenue growth despite US trade ban3 mins read
In China, users spent an average of 600 million cumulative hours watching short-form videos, according to the 2019 Internet Trend Report. InsightsHow a decade of smartphone apps changed the way people live, work, and play in China6 mins read
Since it was established in 2015, Shopee has become the most visited e-commerce site in the Southeast Asia region. InsightsFor Singapore’s Shopee, being ‘late’ to the e-commerce game has helped its rise in Southeast Asia4 mins read
ByteDance’s advisors are said to be pitching a range of options to protect the value of the business. NewsByteDance denies rumors of selling TikTok stake to address US pressure3 mins read