Called Party Island, the app is invite-only for now. NewsByteDance’s metaverse social network goes live2 mins read
The Chinese government stated in 2021 that the brutal “996” work arrangement is illegal. NewsTencent’s intensive overtime work culture under spotlight after employee complaint goes viral2 mins read
The funding in local AI startups has more than doubled to USD 654 million in 2021 from USD 283 million in 2020, as per the data collated by Venture Intelligence. InsightsAI investments go mainstream in India6 mins read
The company has already commercialized its solution to generate profiles for coffee beans, cocoa beans, and tea leaves. InsightsProfilePrint optimizes the search for food ingredients with flavor ‘fingerprinting’ technology3 mins read
Tracking climate tech investments in Southeast Asia. NewslettersDaily Digest | 2 degrees Celsius1 min read
Akulaku acquired Bank Neo Commerce, gaining more than 10 million new account holders on the Neobank app since its launch in March 2021. InsightsAkulaku opens new frontier for online banking, gaining more than 10 million users in six months4 mins read
Major enterprises and financial institutions are putting cryptocurrency on their balance sheets, legitimizing virtual assets. InsightsElevated by institutional demand, crypto mining firms slide into public markets6 mins read
The last major mutual aid platform in China is going offline. NewslettersDaily Digest | Safety nets1 min read
Aside from an overhaul in license review processes, the platforms will also need to improve their drivers’ compensation and welfare. NewsChinese cargo delivery platforms are in the hot seat after failing to review driver credentials2 mins read
The company claims a glitch in its content screening system led to exploitative content being posted on its platform. NewsAuthorities fine Xiaohongshu RMB 300,000 for failing to protect minors2 mins read
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