The sellout will include both Uber’s hailing business and Uber Eats in the region. NewsGrab Reportedly Announces Buying out Uber SEA Business Next Monday2 mins read
According to a newly released report, China has 164 Chinese unicorns worth in total $ 628.4 billion. NewsKrASIA Weekly Roundup: Is China Underestimated in Terms of Incubating Unicorn Startups?3 mins read
AVANA’s co-founder, Yien Yee, has also been recently selected to be a part of Alibaba’s e-Founders Fellowship Programme. NewsDeals | Gobi Partners Leads $1M in Malaysian AVANA’s Pre-A Round2 mins read
China has 587.5 active credit cards as of December 31, 2017 NewsChina’s Largest Credit Card Service Startup 51 Credit Card Filed to List in HK2 mins read
Tencent and Walmart are all major shareholders in JD.com. NewsWalmart Sides with Tencent; Stops Accepting Alipay in Southwest China Stores2 mins read
The rapid development of Nesno, as founder PENG Xin sees it, is attributed largely to the time-honored tea culture in China. NewsDeals | With Monthly Revenue Higher than Starbucks, Nesno Became the First Unicorn in China’s Tea Chain Sector3 mins read
Plus, Tokopedia plans to build an innovation center. Dropbox priced IPO at $21 per share. NewsKrASIA Daily: JD.com to Launch Blockchain-as-a-Service Platform5 mins read
The anime-streaming platform is highly dependent on mobile games for revenue. NewsBilibili Updates Terms to Raise USD 604 million From Nasdaq IPO3 mins read
WeChat founder ZHANG Xiaolong once told media that WeChat mini-program is going to take over 80% of the existing market of traditional apps. NewsChina’s Top Smartphone Vendors Forging Alliance to Contend Against WeChat Mini-programs2 mins read
Alibaba and JD could be floated in China’s A-Shares market by issuing China Deposit Recipients (CDR) in as early as June. NewsAlibaba and JD Tap Underwriters for China Stock Market Homecoming1 min read