Armed with fresh funds, YouTrip eyes the fast-growing Southeast Asian outbound traveler market. NewsSingaporean mobile wallet YouTrip rakes in USD 25.5 million in pre-Series A round1 min read
Payment and ad revenue grew significantly as Tencent reduces its dependency on games. NewsTencent debuts new business segment in push towards revenue diversification2 mins read
The two companies will cooperate on selling furniture and home products online as well as on revitalizing department stores and shopping malls. NewsAlibaba hones in on home goods sector with USD 633 million investment1 min read
The company is planning to repurchase 10% of its shares. NewsChina’s car rental platform CAR sees its net profit surge by 70%1 min read
Its shipments more than doubled. NewsChinese smartphone brand Vivo records fastest growth in India2 mins read
The short video app had 188 million downloads in Q1 2019, slightly ahead of Facebook. NewsTikTok pips Facebook in India and becomes world’s most downloaded social app in Q1 20191 min read
Alibaba is a powerful platform to tap into rising demand from China. NewsMarriott earnings spotlights Alibaba partnership1 min read
Best serves TMall and Taobao, among other e-commerce heavyweights. NewsAfter years of losses, Alibaba-backed logistics provider Best predicts profits by year-end1 min read
The online grocer had diversified into many on-demand niches but is now scaling back several of them. NewsHonestbee to exit Singapore’s food delivery market, suspends on-demand laundry services1 min read
The platforms will be designed to bolster the country’s sharia-compliant economy. NewsIndonesia’s Tokopedia and Bukalapak are developing halal marketplaces2 mins read