Xiaochun Zhao

IQiyi plans to raise USD 1.5 billion at a valuation of USD 10 Billion.

Plus, two Singaporeans on trial who has posted unauthorized short-term rentals on Airbnb pleaded guilty. Amazon agrees to acquire Ring.

Singapore’s Bluzelle is among the six startups chosen as members of the first cohort.

Plus, East Ventures is planning a USD100 million fund. Apple is preparing to release a trio of new smartphones later this year.

The company has engaged in overseas markets including South Korea, Vietnam, Thailand, the Philippines, Singapore and the United Arab Emirates.

Meituan-Dianping is the world’s #4 most valuable startup according to CB Insights.

China’s video streaming scene is dominated by three major platforms namely Alibaba-acquired Youku, Tencent’s Tencent Video and Baidu-backed iQiyi.

Plus, Alibaba is in talks to buy a minority stake in Dailyhunt. Dropbox filed for a USD500 million IPO.