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Will super apps like Grab and Gojek implement the same strategy of do-everything platforms like WeChat and Alipay?

During the pandemic, the startup has seen multi-fold growth.

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.