On-demand Services

Coffee Box will shut down almost all of its brick-and-mortar stores and focus on online channels.

Alipay hopes to increase adoption of the app among SME owners, while spurring consumer spending in China’s coronavirus-hit economy.

The startup is in preparations for an initial public offering but has shifted the destination from the US to Hong Kong, following the Luckin scandal.

2020 has been a tumultuous year for Luckin Coffee, which is holding on to a thread as an accounting scandal now threatens the firm with delisting.

The firm has already added a new channel, called Huoyun, onto the Didi app that will be home to the new cargo shipping service.

GoPlay said that it will remain part of Gojek’s super-app ecosystem and Gojek will continue to control the service.

Moovaz founder Lee Junxian says that the relocation industry will consolidate after COVID-19.

The firm plans to list under the symbol “DADA” on the Nasdaq Stock Exchange.