The company will expect the fourth quarter in 2019 to be profitable. NewsCash-burning Chinese second-hand car trader Chehaoduo turns profitable and poised to offer vehicles with better quality2 mins read
Tencent is seeking to expand out of its comfort zone by launching several new apps to attract youngsters. NewsTencent app factory churns out new social app, again2 mins read
Even fitness apps in China are co-opting the digital ledger’s label to commit fraud. Insights“Blockchain” scams are rife in China6 mins read
Alpha JWC is the investor behind Kredivo, Funding Societies, and Kopi Kenangan. NewsJakarta-based VC firm Alpha JWC closes oversubscribed second fund at USD 123 million2 mins read
Senior vice president and CFO of Legend Holdings Ning Min is expected to be the successor. NewsLenovo’s founder and Legend Holdings Chairman Liu Chuanzhi steps down after over 30 years in charge2 mins read
The acquisition will enable Zilingo to access previously untapped markets by adopting nCinga’s Manufacturing Execution System (MES) software. NewsSingapore-based Zilingo acquires Sri Lankan SaaS firm nCinga for USD 15.5 million2 mins read
Vertex Growth raised USD 290 million in September this year. NewsSingapore’s Vertex Growth leads USD 30 million round in Indian O2O meat startup Licious (Update)2 mins read
Growth equity in the USD 20–100 million segment will be instrumental for unlocking the region’s new generation of tech companies. InsightsAsia Partners dissects Southeast Asia’s funding gap and its search for “rhinos”7 mins read
Wearable band shipments have grown 65% year-on-year worldwide, with Chinese vendors as key drivers. NewsXiaomi remains the king in the wearable band market but Huawei is growing faster2 mins read
If the deal materializes, the Zomato-UberEats entity will emerge as India’s largest food-tech company, leaving Swiggy behind. NewsZomato and UberEats are cooking a new merger deal4 mins read