China

Ride-hailing services from Tencent Map are expected to be expanded nationwide before the National Day holiday.

Founded in 2015 in Shanghai, WM Motor launched its first model EX5 at the end of 2018, and the second model EX6 Plus in the fourth quarter of last year.

JD Health has grown into China’s largest online pharmacy by revenue and was valued at USD 7 billion as of September 2019.

Pinduoduo predicts annual gross merchandise volume on its platform from agriculture to exceed RMB 1 trillion (USD 146 billion) in annual GMV in five years.

Its valuation also increased to USD 250 billion.

Perfect Diary plans for a US IPO before the end of this year, with Goldman Sachs and Morgan Stanley as underwriters.

The company just bagged USD 30 million in a pre-Series B round led by Future Capital and Shunwei Capital.

The company moved fast to meet explosive growth in the demand for cloud-based video services the education and corporate training sectors during the COVID-19 pandemic.