NewsCHINA BRIEF | Online education company Koolearn Technology predicts USD 114 million net losses in 2020This marks a significant increase compared with one year ago. 1 min read
Of the overall two billion app installs of TikTok and its Chinese version, Douyin, in April, India accounted for 611 million. NewsTikTok tells Indian authority it’s ready to store user data locally2 mins read
Toppr joins the likes of Byju’s, Unacademy, and Vedantu, among others that raised money this year due to sudden jump in new user enrollments. NewsIndian edtech startup Toppr raises USD 47 million led by Foundation Holdings2 mins read
The launch of WeChat Pay in Istanbul Airport is expected to increase the shopping volume of Chinese travelers in Turkey. NewsWeChat Pay launches service in Turkey targeting Chinese tourists2 mins read
EF will retain significant ownership in the business, which has been operative for more than 20 years and built 288 schools across 62 cities in China and 79 schools in Indonesia. NewsEF sells stake of kids’ education business to Permira to further expand in China2 mins read
Nice Tuan completed three financing rounds this year alone. NewsCHINA BRIEF | Grocery group-buying app Nice Tuan bags USD 80 million in latest round1 min read
Chinese apps pose risk for security cooperation with US, critics argue. NewsJapanese ruling party pushes for limits on TikTok2 mins read
Chinese online games giant is now the world’s seventh most valuable company ahead of Facebook. NewsTencent grabs Facebook’s social media crown with rally that adds USD 207 billion to market value this year3 mins read
In December, MusashiAI launched the world’s first agency offering robots for hire in factories and other industrial environments. NewsIsraeli-Japanese venture announces commercial launch of robot employees2 mins read
NewsDeals in brief: Wavemaker Impact backs Virdalis, MetaComp and dtcpay raise funding, PixVerse reaches unicorn status, and more