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By pioneering payments in virtual money, Beijing aims to internationalize the yuan.

Part of the fresh capital will be used to launch the plant-based chicken brand Tindle in Singapore.

The startup claims to have 160 million active users on its main social networking app and 80 million on its short-video app, Moj.

“We are in the right place at the right time to increase our leadership in China’s large video-based market,” says CEO.

This is a snippet of China Venture Roundup Volume 24, covering China’s investment activity from February 15 – 21 2021.

IPOs of Indonesian startups would produce a positive impact for the local ecosystem, says Widjaja.

The fintech accelerator is one of many initiatives of the Tokyo Metropolitan Government to attract foreign companies.

Douyin stagnated at the pre-holiday level of about 600 million DAUs.

Bizzy Digital will handle partner acquisition relying on its established network.

ByteDance has increasingly threatened e-commerce platforms such as Alibaba, JD.com, and Pinduoduo as shoppers crave interactive video content and livestreaming.