Pinduoduo, which rides the wave of popularity of WeChat, claimed it has punished over 200 stores on its platform, less than three out of ten thousand among its monthly active shop owners.

Pinduoduo has seen explosive growth since its launch in 2015, becoming one of the largest e-commerce Apps in China.

RedDoorz just announced it would expand its business to the Philippines

It’s a market full of potential and any form of investment must be seen as long-term. Investing now rather than later is critical so as to have a foot (or a toe) in a market which is expected to be the 4th biggest economy by 2050.

The Alibaba-Tencent battle continues.

Tencent will buy up to USD50 million worth of the notes.

About a month ago, Carousell announced a USD85- million Series C round led by Rakuten Ventures and EDBI.

Alibaba has made a strategic investment in Babytree.

Little Red Book recently raises $300 million as it looks to open its first Shanghai offline store in June.

Could be grooming up for a purchase.