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Only USD 2.8 billion was being transferred through formal remittance channels last year, with around USD 5.2 billion being left out every year.

Flipkart’s payment arm PhonePe emerged as the top UPI payment destination.

In the USD 4.3 billion cloud infrastructure enterprise market in China, Baidu took an 8% share in the second quarter of this year, lagging far behind Alibaba at 40.1%.

Sales of new energy vehicles in China is expected to reach 20% of total car sales by the end of 2025, the state council says.

SoftBank’s investment vehicle steps away from winner-takes-all playbook.

While ByteDance’s health business is still at an early stage, Alibaba and JD.com have already secured a firmer foothold in the sector.

A Biden administration could prompt a US-led coalition that heaps even more pressure on Chinese tech firms.

Alibaba joins JD.com and Tencent to become an investor in the London-based company.

Genashtim leverages technology and the internet to connect marginalized communities to the global economy.

Problems with the new mandatory IMEI registration system have caused smartphone makers to halt production and sales of new devices.