Tencent Music Entertainment says it has started seeing a moderate bounce back in the industry as China recovers form the pandemic. NewsTencent Music Entertainment hits 55.5 million paying users in Q1, but profits decline2 mins read
The logistics startup said it turned profitable in FY 18-19 with an annualized revenue run rate of USD 25-30 million. NewsIndian logistics aggregator Shiprocket raises USD 13 million led by Tribe Capital2 mins read
Chinese indie gamer uses neural networks to upscale grainy black-and-white footage to 60fps. NewsAI brings color to 100-year-old video of old Beijing2 mins read
Monitoring from space will help improve agriculture and disaster response. NewsMyanmar to launch its first satellite in 2021 with Japan’s help3 mins read
The coffee startup plans to open stores in Thailand, the Philippines, and Malaysia after the COVID-19 pandemic. NewsKopi Kenangan notches USD 109 million investment led by Sequoia Capital India2 mins read
The company manages an e-commerce app for trading second-hand luxury items including watches, shoes, and bags. NewsCHINA BRIEF | Second-hand trading platform Ponhu Luxury raises USD 24.7 million in Series B round1 min read
IDN Pictures plans to use insights from IDN Media’s audience to create films that entertain and inspire millennials and Gen Z. NewsIDN Media acquires independent film company Demi Istri, launches film production unit1 min read
Temperature statistics collected by the wristbands are uploaded to smartphone apps via Bluetooth. NewsBeijing adopts smart wristbands for real-time fever detection of students as schools reopen after coronavirus lockdown2 mins read
The accelerator was launched in March with a USD 125 million fund. NewsCHINA BRIEF | ByteDance’s founder donates USD 10 million to COVID-19 therapeutics accelerator project backed by Bill Gates1 min read
Gree Chairwomen Dong Mingzhu will continue livestreaming to bolster the brand’s online presence, having conducted shows on both Douyin and Kuaishou already. Visual StoriesKEY STAT | China’s “aircon queen” sells USD 44 million worth of goods in one livestreaming session on Kuaishou2 mins read