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Singapore might be nearing its ambition to become Southeast Asia’s Silicon Valley, however, its vulnerability to risks posed by “critical infrastructure failure” might hamper that aspiration.

Chinese tech VCs gain global influence

Meituan’s young female users are 3 times more likely to order milk tea than their male counterparts

The price of the offering and the amount of shares to be sold have yet to be decided

The company’s register capital has dropped drastically from RMB 1.03 billion to RMB 430 million

The firm just had raised USD 171m from Alibaba

Fresh funding for the Ant Financial-backed contestant in China’s bike sharing race

Telcos in China, as in other markets, are feeling the squeeze from shifting consumer habits.

Weak appetite from individual investors.

The funds will be used for “general corporate purposes.”