The short-video platform hit 518 million monthly active users in March. NewsCHINA BRIEF | Douyin adds video call function supporting beauty filters1 min read
The world’s fourth-largest smartphone maker raises capital to aid the post-coronavirus recovery. Visual StoriesKEY STAT | Xiaomi to raise USD 600 million via senior notes1 min read
The startup founded by former Grab chief technology officer Wei Zhu plans to expand further in Southeast Asia. NewsInsurtech startup Axinan closes extended Series A round, rebrands to Igloo2 mins read
The social network is reportedly preparing to apply for a license in , to launch mobile payments in partnership with Ovo, GoPay, and LinkAja. InsightsFacebook Pay can boost financial inclusion in Indonesia, says analyst4 mins read
Six key sectors offer us a glimpse of China’s post-coronavirus digital future. InsightsChina in 2020: Six digital trends shaping the year7 mins read
The race for an effective vaccine is on. NewsIsraeli team developing coronavirus vaccine raises USD 12 million for new startup3 mins read
The company is struggling to stay afloat amid the impact of the epidemic. NewsDelayed salaries for Byton workers add to woes for coronavirus-embattled EV maker2 mins read
On Tuesday, Ambani’s net worth had nosedived by USD 14 billion—the biggest such fall of an Asian billionaire—due to the eroding crude oil prices. NewsReliance chairman Mukesh Ambani replaces Jack Ma as Asia’s richest man post Facebook’s investment2 mins read
In April this year, the company reportedly sent thousands of employees globally on leave for up to three months. NewsSoftBank-backed Oyo cut salaries by 25% in India, furlough employees3 mins read
The entertainment giant demands compensation worth over USD 400,000. NewsCHINA BRIEF | ByteDance’s Douyin sues Guangzhou-based firm for trademark infringement1 min read