News

Momo might be in urgent need of diversifying its revenue sources.

China’s ride-hailing companies are likely to ignite another price war

Plus, Amazon plans to open as many as six more cashier-less stores this year. Toutiao has reportedly acquired augmented reality-based selfie app Faceu for USD300 million.

“Chinese electric car-sharing is still in its infant stage, facing challenges from the market and regulatory policies.”

Faceu is China’s #3 beauty camera app by market penetration rate.

Scan your palm, open the gate, take and go.

Plus, Bukalapak is exploring pros and cons in IPO and fundraising. Xiaomi has opened its first authorized store in the Philippines. 

JD.com iss raising up to US$ 2.5bn for its logistic arm JD Logistics from a group of investors including Hillhouse Capital, Sequoia China, and Tencent among others.