One dark side of China’s fast-growing consumer loan industry. NewsLoan platforms backed by JD.com and Baidu face controversy as English-training agency Webi goes bankrupt2 mins read
The Chinese conglomerate continues to diversify amid weakness in entertainment sector. NewsTencent expands health care investments in USD 500 million Hillhouse deal2 mins read
After snagging USD 434 million from investors, Zhihu has been trying to raise its profitability. NewsBaidu and Kuaishou-backed Q&A platform Zhihu rolls out live streaming feature to speed up monetization efforts1 min read
The platform connecting travelers with local landlords is one of the fastest developing platforms in China in this sector. NewsMeituan rebrands its lodging marketplace to take on Airbnb in China2 mins read
One of the world’s top unicorns is said to be exploring AI-driven titles to cater to the massive gamer base in China. NewsByteDance deploys gaming teams in five cities in bid to double 2019 revenue1 min read
WeWork India plans fundraising for expansion to turn a profit, in the face of parent’s IPO debacle. NewsWeWork India wants to raise funds, expand and turn profitable, despite parent’s IPO debacle2 mins read
The startup connects businesses with freelancers for simple task-based jobs. NewsIndonesian freelancer platform Sampingan raises USD 1.5 million2 mins read
Malaysian drivers are frustrated at the frequent changes to regulatory policies. NewsMalaysia’s ride-hailing drivers threaten to sue the country’s Ministry of Transport and the minister Loke2 mins read
Tokopedia’s gross merchandise value in 2019 is estimated to hit USD 15,6 billion, equivalent to 1.5% of Indonesian GDP InsightsTokopedia projects to contribute USD 12 billion to the Indonesian economy this year3 mins read
US e-cigarette giant Juul Labs is also affected by the US regulators’ growing scrutiny. NewsAlibaba and JD.com end sales of e-cig products to US buyers amid vaping crackdown2 mins read
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