The SoftBank-backed fintech platform last week raised USD 356.4 million from a follow-on share sale to fund its overseas expansion. NewsPing An’s OneConnect fintech arm expects flurry of deals in Southeast Asia2 mins read
China’s booming shared power bank industry had 150 million users in 2019, according to market research firm Trustdata. NewsChina’s power bank sharing industry took a hit from COVID-19, but it’s not out of juice yet4 mins read
The company is starting with Karachi, but has plans to expand across Pakistan, including Lahore. NewsDubai’s Trukkin launches trucking marketplace in Pakistan2 mins read
This is the first time that a hotel chain operator in China has opened an online booking channel on Pinduoduo, which mainly sells groceries. NewsPinduoduo ventures into hotel business, taking on Trip.com and Meituan2 mins read
But average spending per user remained less competitive compared to Alibaba e-commerce and JD.com. NewsKEY STAT |Pinduoduo grows users faster than any other e-tailers in China1 min read
Under the “registration-based” system, newly-listed stocks on ChiNext won’t have daily volatility limits in the first five days of trading. NewsShenzhen ChiNext debuts 18 startups under new IPO rules, stocks soar2 mins read
Huawei has already signed deals with Russian telecom companies, banks, and has invested tens of millions of dollars into data storage in the country. NewsRussia will continue to co-operate with Huawei on 5G, says foreign minister2 mins read
Motorcycle sales in Vietnam took a hit in the first quarter, dropping 3.7% YoY, and falling 71% in April. NewsVietnamese motorbike e-commerce startup OKXE bags USD 5.5 million in Series A round2 mins read
XYZ Robotics focuses on developing technologies that allow better coordination of robotic arms and vision systems. NewsCHINA BRIEF | Picking robot maker XYZ Robotics raises USD 20 million in Series A+ round1 min read
It claims to process more than 600,000 daily orders from 525 cafeterias that are spread across 20 cities. InsightsHungerBox revamps canteens for post-pandemic safety | Startup Stories4 mins read