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EF will retain significant ownership in the business, which has been operative for more than 20 years and built 288 schools across 62 cities in China and 79 schools in Indonesia.

Nice Tuan completed three financing rounds this year alone.

Dropee helps independent retailers to match with suppliers and brands. It also offers a SaaS platform for wholesalers to bring their businesses online.

The proposed deal follows Tencent’s plan to invest around USD 70 billion over the next five years in new digital infrastructure.

Chinese apps pose risk for security cooperation with US, critics argue.

Chinese online games giant is now the world’s seventh most valuable company ahead of Facebook.

The goal of The Corporate League is to enable companies to relate to their employees better and develop a strong business network between industries through e-sports.

Oway Ride has raised a total of USD 26 million from investors such as the World Bank’s International Finance Corporation, Openspace Ventures, Emerging Markets Group, and Daiwa PI Partners.

In December, MusashiAI launched the world’s first agency offering robots for hire in factories and other industrial environments.

In May, the Naspers-backed company laid off 1,100 people and shut non-performing business arms.