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The China e-commerce giant is said to have devoted at least USD 800 million in sponsorship for the Olympic Games.

The San Fransisco-based firm aims to raise USD 150 million for investments in financial service startups and SMEs.

Urban consumers in the country are increasingly using e-wallets to settle smaller payments.

While the surge in use of online tools during the outbreak may subside, it has offered a glimpse of the future of working life.

Experts say social activities and entertainment in VR will be more attractive in the long term as people are stuck at home curing the COVID-19 pandemic.

Last year, the startup launched Glints Academy, a 12-week coding bootcamp to equip young professionals with skills needed in the tech industry.

The company maintains a 90–95% occupancy rate and tripled its unit count to 1,500 after expanding to Japan last year.

The ride-hailing giant has set a goal of 800 million monthly active users globally in the next three years.

Facebook’s chatting platform WhatsApp is preparing for a nation-wide roll out of payment service in the country.

Worldwide smartphone shipments in Q2 are predicted to plunge by 26% year-on-year.