The firm recently obtained the fund transfer license from the Central Bank of Indonesia. NewsSingapore’s digital payment platform Nium launches operations in Indonesia2 mins read
Online service Tuhu, valued at USD 1.1 billion, seeks USD 400m in new financing. NewsTencent muscles further into auto industry by backing repair unicorn2 mins read
This round comes as Xpeng plans to launch its P7 sedan in spring 2020. NewsAlibaba-backed Chinese EV maker Xpeng nabs USD 400 million with Xiaomi being an strategic investor2 mins read
The nod clears the way for Hangzhou-based Alibaba to start a weeklong roadshow from November 13 to garner interest from global investors. NewsAlibaba gets nod to sell shares in Hong Kong, in a secondary listing that catapults city back to the top of world’s IPO ranking4 mins read
Are the company’s rosy sales numbers too good to be true? NewsFacing accusations, Alibaba founder Jack Ma says he never faked Singles’ Day sales data (updated)3 mins read
Do Chinese Millenials and Gen Zers remember the electronics and software from their childhoods? VideosWhat kind of tech did Chinese Millennials and Gen Zers grow up with?1 min read
Homegrown e-commerce firm Shopee is among those leading Southeast Asia’s e-commerce race. Q&AShopee CCO Zhou Junjie on leading Southeast Asian e-commerce despite fierce competition5 mins read
Alibaba and JD.com reached new sales records as spending money on Nov. 11 becomes a shopping ritual in China. InsightsInfographic | Splashing 1482 billion in one day, China successfully overwrites “Singles’ Day” with “Double eleven”1 min read
Snapdeal is betting big on India’s tier 2 and 3 market to realize greater ambitions. NewsSoftBank might pour USD 100 million into Indian marketplace Snapdeal3 mins read
The world’s largest online shopping gala sheds a light into Chinese consumption. NewsFive e-commerce trends showcased by Alibaba’s Singles’ Day4 mins read