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And access to the app is only allowed between 6 a.m. and 10 p.m.

Food and financial services now make up more than 50% of Grab’s gross merchandise volume, according to Lim Kell Jay, the regional head of GrabFood.

The app is in its beta phase and has been downloaded by 27,000 users.

Naluri believes it can be a unicorn with 150,000 users.

Carsome wants to consolidate position in key markets, which are Malaysia, Indonesia and Thailand.

The company has so far raised a total funding of RMB 600 million in 2019.

The live streaming business is Kuaishou’s main revenue source, contributing 90% of the firm’s total revenues.

Chinese manufacturer taps new market abroad as Huawei eats its lunch at home.

The company has lost its edge in the China market.

Ant Financial’s Alipay is valued at over USD 150 billion and is now expanding quickly outside of China.