Only 5% of China’s online education businesses for pre-college students are profitable, according to one estimate. InsightsNetEase e-learning unit slashes New York IPO target to avoid fate of rival Chinese online education platforms4 mins read
The company has a digital ledger of 18 million businesses across India. NewsUS-based ARTIS Labs invests USD 3.2 million in Indian fintech company Crediwatch2 mins read
Since its IPO in May 2019, Uber is cutting down on freebies to boost its loss making entities. NewsUberEats to remain for a long-haul in India3 mins read
A regular Chinese internet user consumes over six hours of the day on digital devices. NewsChinese netizens spend 15% of screen time browsing short videos, report says1 min read
This marks the largest fundraising in the infant-focused programming sector in China. NewsChina’s online programming courses provider Hetao Biancheng raises USD 50 million in Series B1 min read
Was the IPO really necessary? NewsAfrica’s top phone vendor Transsion’s plan to use 94% of its IPO proceeds to invest in financial products stirs controversy2 mins read
Will Huawei help to popularize folding phones? NewsHuawei’s USD 2,400 foldable phone MateX will go on sale next Nov 15th1 min read
China’s first Star Wars novel will be released chapter-by-chapter and it’s all canon. InsightsHow Disney and Tencent plan to make China fall for Star Wars4 mins read
This is the second time for JD to incorporate automation in the retail beverage sector. NewsJD.com opens a robot-operated milk tea house in central Beijing1 min read
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