Over 1,000 shops that buy goods on Lingshoutong have made more than RMB 1 million (USD 142,686) in net profits. NewsMom-and-pop stores beat 11% of Chinese listed companies in profitability2 mins read
Singapore-based Aroa is Agarwal’s third investment vehicle through which he will back startups. NewsOyo founder Ritesh Agarwal sets up new VC fund Aroa to invest in growth-stage startups2 mins read
Wang Xing, founder and chairman of Meituan, seemed to call out Alibaba on social media over the fact Taobao users cannot pay with WeChat. NewsCHINA BRIEF | Meituan removes Alipay for payments as chairman calls out Alibaba1 min read
Social Bella has raised USD 110 million in funding from big-name investors like Temasek, East Ventures, Pavilion Capital, and Jungle Ventures. Q&AFrom e-commerce site to digital beauty ecosystem: Q&A with Social Bella’s president Christopher Madiam6 mins read
Ant Group eyes the largest IPO of 2020 with a dual listing in Shanghai and Hong Kong. Visual StoriesBIZ IN GRAPHICS | Meet the world’s most valuable startup that emerged from China’s online payment competition4 mins read
What will Southeast Asia’s new economy look like beyond 2020? EventsThe future of the Southeast Asian economy | Singapore x Asia Innovation Partnership Forum 20202 mins read
Israeli plant-based meat alternative startup SavorEat will receive USD 3 million with an option for an additional USD 1 million from investment houses Mor and Meitav Dash, which said they were enterinNewsIsraeli meat alternative startup SavorEat raises USD 3 million2 mins read
Earlier this month, the firm received a USD 1.2 billion check from its parent, Walmart. NewsFlipkart rolls out hyperlocal-delivery service to compete with Dunzo and Swiggy2 mins read
Senior vice president Stephen Zhu Jingshi will take over Qiu’s role at Didi. NewsCHINA BRIEF | Didi’s global COO Tony Qiu quits job to join Kuaishou1 min read
It tries to make sense of data scattered across departments to help improve business operations. NewsSingapore-based Qualgro leads USD 8 million Series A in Indian SaaS company Hevo2 mins read