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The firm was granted a permit by Beijing and Changsha last year.

Investment in Chinese edtech companies hit USD 10.2 billion in 2020.

Last year, 11 Indian startups from assorted areas — ranging from fintech to edtech — became unicorns, i.e. private startups valued at more than USD 1 billion.

GrowFix launched its first asset in December 2020–a pool of gold-backed loans where retail investors could invest in and get an 11 % fixed interest rate.

Drivehub saw a 50% growth in sales compared to the same period last year, even though the firm experienced a 90% loss in April 2020.

TechStorm is currently available to more than 43 million viewers across nine Asian countries.

China’s AI industry must remain wary of dependence on its government contracts, and prove commercial viability in the private sector.

China Venture Roundup Volume 20 covers China’s investment activity from January 18 – 24, 2021.

The city says it hasn’t issued an appropriate license yet.

Shein has figured out how to adapt to hostile circumstances. Where will it go next?