The company has reached the store level break-even point for the first time with a profit margin of 12.5%. NewsLuckin reports 540% revenue growth on quest to outnumber Starbucks storefronts in China2 mins read
Here are the top 5 e-wallets in the city-state. InsightsGrabPay is the preferred e-payment platform in Singapore, report says3 mins read
“No two services are the same,” an Instagram spokeswoman said while acknowledging that TikTok is doing “big things” in the short video format. NewsInstagram takes on TikTok, Kwai in Brazil with new video-music remix feature2 mins read
Although, Xiaomi is posting record growth one quarter after another, its competitors are coming after it with full force. NewsXiaomi sees strong growth in offline sales in India3 mins read
The Japanese investment firm has asked its portfolio companies, including the ones in India, to aim at profits. NewsSoftBank institutes IPO clause for investing in Indian payment unicorn Paytm2 mins read
Bytedance wants to challenge Baidu’s dominant position in the search engine market. NewsByteDance’s news aggregator tests larger search bar on Android, betting bigger on online search2 mins read
Two GrabWheels users have been killed and four people injured in a car accident. NewsIndonesia’s regulators will limit e-scooter operations in Jakarta, as result of fatal collision2 mins read
It has started a global offering of 500 million ordinary shares to raise about USD 13.8 billion. NewsAlibaba to start trading in Hong Kong to secure its global expansion (updated)3 mins read
Companies, however, need to show they can offer more than “storytelling.” InsightsThe ‘capital winter’ doesn’t apply to fast-growing tech companies2 mins read
Silent Eight will ramp up headcount to support its business. NewsRegtech startup Silent Eight raises USD 6.2 million in series A round2 mins read