Meishang’s Chinese domestic brand Colorkey ushered in more than RMB 200 million in revenue in just one year since its Tmall debut. NewsCHINA BRIEF | Sequoia-backed cosmetics startup Meishang closes USD 28.3 million Series A1 min read
The special committee of WeWork‘s board said it is suing SoftBank after the investment giant withdrew its USD 3 billion tender offer. NewsWeWork sues SoftBank over canceled USD 3 billion tender offer1 min read
The P2P fintech platform currently operates in Indonesia, the Philippines, and Thailand. NewsIndonesia’s Investree bags USD 23.5 million from MUIP and BRI Ventures2 mins read
Cities across the country have started to encourage public activities as the Chinese government tries to revive a halted economy. Visual StoriesKEY STAT | Local governments to stimulate consumption in China via digital coupons2 mins read
The firm counts Xiaomi, SF, and Alibaba among its over 8000 clients. NewsCHINA BRIEF | Alibaba-backed voice interaction company AISpeech closes USD 58 million Series E round1 min read
This is Oyo’s second round of layoffs in the US. NewsOyo fires “hundreds” in the US amid global restructuring and COVID-193 mins read
Muddy Waters concluded that iQiyi fabricated its revenue and number of users. NewsChina’s largest streaming service hit with fraud allegations just days after Luckin bombshell3 mins read
Douyin wants its users to connect to others via video calls. NewsCHINA BRIEF | ByteDance’s Douyin tests new real-time video chat function1 min read
It’s a really bad time for funds that made investments in 2015 and 2016, as they are entering what was meant to be their harvest. Q&AVCs shouldn’t rush to sell in the secondary market now, says BRI Ventures’ Nicko Widjaja4 mins read
Three out of five kids’ smartwatches are sold in China, according to Counterpoint. NewsChina’s little-known Imoo ships 26% of all smartwatches for kids1 min read
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