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The firm just received USD 20 million investment in a Series A+ round led by Source Code Capital.

This move allows smaller companies and livestreamers to capitalize on the rapidly growing livestreaming e-commerce sector in China.

The multi-currency mobile wallet startup YouTrip has pivoted to overseas e-commerce payments during the pandemic.

The move is Meituan’s second foray into China’s RMB 5 trillion (USD 733 billion) fresh food retailing industry.

The broadcaster, owned by mega-conglomerate Suning, did not release payments worth over USD 212 million due for March.

Cumulatively, the revenue of 30 startups in GAP’s third cohort grew from USD 6 million to USD 10.6 million.

Winners will receive up to USD 2.5 million in funding and a chance to attend an entrepreneurship program by Alibaba Business School.

SoftBank has held discussions with India’s two largest telecom operators for buying out TikTok India in August.

Following TikTok’s ban in India, these local alternatives are hoping to seize the opportunity.

And the lackluster earnings results have brought down Momo’s share price.