News

In China, the market for urban distribution is expected to be worth RMB 800-1000 billion.

Plus, NIO is reportedly planning for a US IPO. Uber’s Frances Frei is leaving the company. 

The startup is valued at RMB 1 billion post-funding.

Shanhs.com is a platform that specializes in the collecting and recycling of used cell phones.

IQiyi plans to raise USD 1.5 billion at a valuation of USD 10 Billion.

According to the source, Tencent, together with Indian media and technology company Times Internet Ltd. that founded the business, will invest a total of US$115m into the streaming service.

Plus, two Singaporeans on trial who has posted unauthorized short-term rentals on Airbnb pleaded guilty. Amazon agrees to acquire Ring.

Singapore’s Bluzelle is among the six startups chosen as members of the first cohort.