Pinduoduo’s founder is the richest man under 40 years old in China with a fortune worth USD 2 billion. NewsPinduoduo tops Apple’s App Store global downloads in shopping sector2 mins read
The firm will further invest in China, South Asia, and Southeast Asia. NewsTemasek-backed ABC World Asia closes USD 385 million fund for impact investing1 min read
Nearly half of Douyin and Kuaishou users in China are overlapped. NewsKuaishou aims to challenge Douyin with new short-video app Taizan2 mins read
Behind the company’s fast expansion there are also billions of net loss. NewsAnt Financial-backed Danke Apartment files for US IPO, following Q&K2 mins read
Sneaker resellers use several platforms in the country to prey on “shoe dogs” who are after a quick buck. InsightsChinese sneaker speculators turn a once hipster hobby into a bubbling business7 mins read
The fresh funds will be used to improve the company’s digital invoicing and bookkeeping system. NewsIndonesia’s Paper.id raises undisclosed Series A funding from Golden Gate Ventures and Modalku1 min read
Kicking off in Singapore, the service will be available in Indonesia and Thailand by year end. NewsBooking.com launches ride-hailing service via partnership with Grab2 mins read
The move follows developments that were shaped by Tencent, Alipay, Baidu, and ByteDance. NewsMeituan rolls out its own platform for mini programs2 mins read
The EV maker might need another USD 2.1 billion in cash between 2019 and 2020 to stay afloat. NewsNio’s CFO resigns under heavy funding pressure with no immediate replacement 2 mins read
A sustainable co-working chain in Vietnam is plotting expansions across the region. Q&AUPGen’s co-founder Namster Do discusses moving beyond the “WeWork model”5 mins read
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