NewsNintendo and Sony hamstrung in China by thin game librariesRegulators have approved only 1% of titles released for the Nintendo Switch and Sony PS5. 3 mins read
After entering its third Southeast Asian market, Temu is slowing its regional advance. NewsTemu expands into Thailand, takes cautious approach to Southeast Asia5 mins read
Users find its shopping advice priceless, but go elsewhere for better deals. InsightsXiaohongshu: Can China’s wildly popular app raise its profit game?6 mins read
Not slowing down, Temu is shifting to a partial consignment model as part of a strategic change to sustain growth in the US and Europe. NewsPDD’s Temu racks up USD 20 billion in first-half sales, surpassing 2023 total2 mins read
The new Rayong plant begins with an annual capacity of 50,000 units, with plans to double output as the Chinese EV maker expands in Southeast Asia. NewsGAC Aion opens new factory in Thailand, eyes overseas growth2 mins read
With GMV skyrocketing to USD 16.3 billion in 2023, TikTok Shop is shaking up Southeast Asia’s e-commerce market, giving Shopee and Lazada a run for their money. InsightsTikTok Shop’s GMV soared in 2023, putting Shopee and Lazada on edge7 mins read
Bringing you the latest updates on funding deals and activities in the Asia Pacific. NewsDeals in brief: HongShan raises RMB 18 billion fund, Partior and Miridih secure funding, four China deals, and more3 mins read
A 20% tariff on low-value imports could derail Temu’s plan to tap into Brazil’s booming e-commerce market. InsightsTemu’s LATAM expansion stymied by Brazil’s complex tax policies6 mins read
General manager Gu Huinan said GAC Aion intends to add 2,000 new positions in the second half of 2024. NewsChina’s GAC Aion to ramp up hiring in preparation for overseas expansion5 mins read
NewsDeals in brief: Airwallex expands into Vietnam with CTIN Pay acquisition, Finory and Darwinbox raise funding, 16 new China deals, and more