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Ant Financial plans to further its international expansion plan via the takeover of World First.

The startup aims to become an all-in-one online platform for users to manage legacy services.

After a US$40 million strategic investment and US$120 million Series E in 2016 and 2017 respectively, Tencent raises its stakes in YuanFudao.com (YFD) with fresh funds of US$300 million. Existing inve

Luckin’s local archrival, coffee delivery startup Coffee Box, is ramping up its offline presence with over 50 large-scale coffee stores in first-tier cities in China by early 2019. Earlier this

China’s bike-sharing sector, after a good few years of frenzy, is slowly pedalling into a new period, with Ofo’s current deposit conundrum and Mobike CEO’s sudden resignation. Hu Wei

The Chinese internet duo’s proxy war in India continues.

“The losses are in line with our expectation,” says Luckin Coffee.

In Indonesia, health tech is developing quite well over the past few years.

Grab might be receiving up to $5 billion in Series H, beyond the planned 3 billion.

Indonesian Zalora’s National Online Shopping Day sales triumph is the latest evidence of the country’s rosy e-commerce market growth.