NewsJack Ma leaves SoftBank board after 13 yearsIndependent directors named as CEO Son tries to boost confidence after big loss. 4 mins read
Kuaishou sets a yearly target of RMB 250 billion in livestreaming e-commerce GMV, above Douyin’s target of RMB 200 billion. NewsKuaishou sets goal to beat Douyin livestream sales by USD 7 billion3 mins read
Chinese e-commerce stocks soar following Chinese Labor Day sales campaigns. Visual StoriesKEY STAT | Pinduoduo surpasses e-commerce rival JD.com in market cap1 min read
Dada Nexus’ IPO marks the second China-based company aiming to go public in the US after the Luckin Coffee scandal involving fraudulent financials. NewsDelivery company Dada Nexus latest China firm to file for US IPO2 mins read
IUIGA plans to grow its Indonesian operations, doubling the office’s headcount in the coming six months. NewsSingaporean IUIGA bags USD 10 million in Indonesian-led Series A funding1 min read
Cainiao has partnered with 4PX Express, a cross-border e-commerce solutions provider headquartered in Shenzhen, Guangdong province. NewsCHINA BRIEF | Alibaba’s Cainiao launches international postage service as COVID-19 pandemic slows logistics1 min read
Brimore connects small and medium-sized manufacturers in Egypt with its network of freelancers, who sell consumer goods within their local communities. NewsEgyptian social commerce platform Brimore raises USD 3.5 million pre-Series A to connect manufacturers with consumers2 mins read
The company manages an e-commerce app for trading second-hand luxury items including watches, shoes, and bags. NewsCHINA BRIEF | Second-hand trading platform Ponhu Luxury raises USD 24.7 million in Series B round1 min read
The app is still not available to the public, but might be at the end of May. NewsJD.com teases work collaboration market as it unveils video conferencing app JoyMeeting1 min read
