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China’s most valuable independent startup Toutiao was courted by Alibaba amid growing Tencent-Toutiao feud

ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

Bytedance

Plus, Uber acquires bike-sharing startup JUMP. SoftBank Ventures invested $23.5 million in Singapore-headquartered IYUNO Media.

KrASIA Daily: China's Largest News Aggregator Toutiao Taken Offline from Local App Stores, as Regulations on Cyberspace Tightens | KrASIA

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KrASIA Daily: China&#8217;s Largest News Aggregator Toutiao Taken Offline from Local App Stores, as Regulations on Cyberspace Tightens

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

I'm Xiaochun with KrASIA [kri’eɪʃə], a newborn digital media with a dedication to help Asia uncover its innovations and to create.

https://secure.gravatar.com/avatar/760c9db0d4ccfee316355af963bfcbc0?s=96&d=mm&r=g

Xiaochun Zhao

Management Reshuffle at Ant Financial: Eric JING Takes Office as Executive Chairman, While Lucy PENG Doubles Down on Lazada Business

Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

Alibaba has invested a total $4 billion in Lazada.

Management Reshuffle at Ant Financial: Eric Jing Takes Office as Executive Chairman, While Lucy Peng Doubles Down on Lazada Business | KrASIA

Management Reshuffle at Ant Financial: Eric Jing Takes Office as Executive Chairman, While Lucy Peng Doubles Down on Lazada Business

One of China's Largest E-Recruiters Liepin.com Filed for HK IPO

Enterprise services is an over-arching term to describe an architecture combining engineering discipline and computer science to solve practical business problems. 

Enterprise Services

Liepin.com claims it's the largest online headhunters in China focused on mid- to high-end talent by total revenue in 2017.

One of China's Largest E-Recruiters Liepin.com Filed for HK IPO | KrASIA

One of China&#8217;s Largest E-Recruiters Liepin.com Filed for HK IPO

Music-oriented Short Video-Sharing App Dongci secures Tens of Millions of Yuan in Pre-A Round

Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. 

Entertainment

In less than a month, Dongci has raised two funding rounds.

Deals | Music-oriented Short Video-Sharing App Dongci Secures Tens of Millions of Yuan in Pre-A Round | KrASIA

Deals | Music-oriented Short Video-Sharing App Dongci Secures Tens of Millions of Yuan in Pre-A Round

An on-demand service platform connects waiting-time-sensitive customers with independent service providers.

On-Demand Services

Plus, South Korean conglomerate SK Holdings invested in Grab. Mirae Asset Financial Group plans to raise a US$264.8 million fund to invest in Didi Chuxing. 

KrASIA Daily: Uber and Rival Careem Allowed to Continue Operations in Egypt, Although Former Ruling Ordered the Government to Suspend Their Licenses | KrASIA

KrASIA Daily: Uber and Rival Careem Allowed to Continue Operations in Egypt, Although Former Ruling Ordered the Government to Suspend Their Licenses

Many Chinese startups are in the dilemma of either siding with tech giants or competing against them.

KrASIA Weekly: The Viability of Chinese Bike-sharing Business | KrASIA

KrASIA Weekly: The Viability of Chinese Bike-sharing Business

Plus, Go-Jek identified Singapore as one market to expand to. SoftBank is investing $400 million in Paytm.

KrASIA Daily: Meituan-Dianping Said to Acquire One of China's top Bike-Sharing Startup Mobike | KrASIA

KrASIA Daily: Meituan-Dianping Said to Acquire One of China&#8217;s top Bike-Sharing Startup Mobike

Alibaba Takes over Food Tech Startup Ele.me to Complement New Retail Strategy

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

ELEME Inc. is a platform that offers online food delivery service. It was founded in 2008 by Mark Zhang and Jack Kang in Minhang Campus of Shanghai Jiao Tong University. Ele.me was acquired by the Alibaba Group in April 2018 and continues to operate independently.

ele.me

Deals | Alibaba Takes over Food Tech Startup Ele.me to Complement New Retail Strategy | KrASIA

Deals | Alibaba Takes over Food Tech Startup Ele.me to Complement New Retail Strategy

Didi Chuxing Technology Co., formerly Didi Kuaidi, is a Chinese transportation network company, artificial intelligence and autonomous technology conglomerate.

Didi

China’s largest ride-hailing company is facing challenges from Meituan-Dianping and AutoNavi.

Xiaochun Zhao

KrASIA Daily: China’s Largest News Aggregator Toutiao Taken Offline from Local App Stores, as Regulations on Cyberspace Tightens

Management Reshuffle at Ant Financial: Eric Jing Takes Office as Executive Chairman, While Lucy Peng Doubles Down on Lazada Business

One of China’s Largest E-Recruiters Liepin.com Filed for HK IPO

Deals | Music-oriented Short Video-Sharing App Dongci Secures Tens of Millions of Yuan in Pre-A Round

KrASIA Daily: Uber and Rival Careem Allowed to Continue Operations in Egypt, Although Former Ruling Ordered the Government to Suspend Their Licenses

KrASIA Weekly: The Viability of Chinese Bike-sharing Business

KrASIA Daily: Meituan-Dianping Said to Acquire One of China’s top Bike-Sharing Startup Mobike

Deals | Alibaba Takes over Food Tech Startup Ele.me to Complement New Retail Strategy

Losing $300M in 2017, Didi Chuxing Wants to Turn a Profit in 2018 Amid Fierce Competition