Its stock price dropped by 11%. NewsAfter reporting 52% increase in Q1 net income, China’s social media platform Weibo predicts slower revenue growth1 min read
Focus on the apparel category is the main factor for profitability improvement. NewsChina’s online discount retailer Vipshop sees its profit surge 65%1 min read
The company said it “sustained its strong growth momentum” in the past quarter NewsMeituan books 70% y-o-y revenue growth in Q1 20191 min read
Grab Indonesia officially launched a three-wheeled transportation service named GrabBajay today after the six-month trial period, local media outlet Merdeka reports. Bajays are three-wheeled taxis thaNewsGrab launches three wheeled “GrabBajay” service in Jakarta1 min read
The new funding will improve its financial conditions. NewsAlibaba and Ant Financial increase stake in Alibaba Health1 min read
It’s all about the low-tier city market NewsChina has another news aggregator app to challenge Qutoutiao and Jinri Toutiao1 min read
Counting out the gains from investments, profits were lower than in the same period last year. NewsCtrip’s net income triples in Q1 on the back of equity investments2 mins read
The firm says it has a total of USD 1 billion in assets under management NewsZWC Partners introduces its USD 150 million Southeast Asia and China fund2 mins read
Indonesia has taken a cautious stance towards online lending and hopes to reign in bad actors. NewsIndonesian fintech association sanctions lending platform that sets high interest rate2 mins read
It’s a new development in Tencent’s Internet of Vehicles program. NewsTencent is integrating WeChat into new cars this year1 min read
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