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With the Indian government amending FDI rules and banning two of its services in the country, Alibaba’s prospects of building a business empire in India came to a dead-end.

Earlier this month, Koo raised USD 4 million Series from 3one4 Capital, Accel Partners, Kalaari Capital, Blume Ventures, and Dream Incubator.

On-demand delivery personnel have become essential workers during the COVID-19 pandemic.

BharatPe is eyeing another USD 100 million-check after March to beef up its credit offerings.

China Venture Roundup Volume 22 covers China’s investment activity from February 1 – 7, 2021.

Douyin and Pinduoduo have leveraged China’s explosion of mobile internet usage to reach the top echelons of the tech hierarchy.

IPhone maker works on tech for augmented reality devices at secretive Taiwan lab.

Several advertisers have ditched Bilibili following the controversy.

The offer is subject to antitrust approval and statutory review from the State Administration for Market Regulation.

China’s desire to groom homegrown chip firms has led to a series of multimillion-dollar investments in poorly planned projects, many of which went bankrupt quickly.