The company’s app, Cainiao Guoguo, has over 200 million users. NewsAlibaba’s logistics unit Cainiao to expand overseas reach and speed up delivery times2 mins read
In its five year journey, Milkbasket has raised a total of USD 38 million from an array of investors. NewsGrocery delivery startup Milkbasket raises USD 5.5 million from Inflection Point Ventures2 mins read
Tencent and NetEase together account for 60% of the total gaming market revenue in China, according to a report by intelligence firm Analyses. NewsTencent lands another mobile game hit as Brawl Stars rakes in USD 17.5 million in first week3 mins read
Arm-based chipset to be produced by TSMC, sources say. InsightsApple to replace Intel processors for Macs with in-house chips5 mins read
This deal comes as Tuniu is being hard hit by the COVID-19 pandemic. NewsCHINA BRIEF | JD.com sells its shares in online travel agency Tuniu1 min read
Last year, China contributed USD 246 billion to Apple’s App Store sales. NewsCHINA BRIEF | Apple to take down thousands of unauthorized games from Chinese App Store1 min read
Horizon aims to bridge the gap between quantum computers and conventional software development. NewsQuantum computing startup bags USD 3.23 million in a Sequoia-led seed-plus round2 mins read
The cash-craving EV startup rebounded strongly from the pandemic’s impact, setting a monthly record for electric vehicles sold in May. Visual StoriesKEY STAT | Tencent makes new bid for Chinese EV maker Nio2 mins read
Amid shaky global economic conditions, firms are utilizing share buybacks to minimize damage to their market capitalizations. InsightsWhich Chinese companies are buying back their shares in 2020?7 mins read
ELXR offers customized training programs after analyzing the user’s unique genotype and fitness level. Q&AHow the ACTN-3 gene powers this Singaporean fitness company: Q&A with Steffan Fung, founder and CEO of ELXR5 mins read