NewsStruggling rental platform Q&K to buy rental service company at USD 130 millionThe company has not disclosed its earnings for the first quarter of this year. 2 mins read
And an IPO may be on the horizon. NewsIsraeli ride-sharing company Gett raises USD 100 million to enhance corporate platform2 mins read
Walmart pumped in USD 1.2 billion in Flipkart, at a valuation of USD 24.9 billion this month. NewsFlipkart acquires Walmart’s wholesale business in India2 mins read
Chinese scientists, including renowned doctor Zhong Nanshan, have been working with Tencent on the new AI tool. NewsA new COVID-19 AI tool from Tencent could tell doctors if patients are likely to become severely ill2 mins read
More than 150 impact investors from Singapore and the region attended the event that was co-organized by Youth Sustainable Impact Southeast Asia and the Temasek Foundation. NewsSoutheast Asian startups present solutions for the circular economy on Virtual Demo Day 20202 mins read
Snap’s revenue for Q2 stood at USD 454 million, an increase of 17% year-on-year. NewsSnapchat’s India user base more than doubled in the second quarter3 mins read
The hardware will be based on Alibaba’s XuanTie processors. NewsCHINA BRIEF | Alibaba teams up with Allwinner to produce 50 million chips1 min read
Daily active users of Kuaishou’s livestreaming function have grown 70% since December. NewsCHINA BRIEF | Over 170 million Chinese watch daily livestreams on Douyin rival Kuaishou1 min read
The Star Market in Shanghai has produced at least 13 billionaires in its first year, including a chip supplier to Huawei. NewsChina’s Nasdaq-style Star Market mints one billionaire a month with rally that outstrips FAANG stocks3 mins read
NewsDeals in brief: Wavemaker Impact backs Virdalis, MetaComp and dtcpay raise funding, PixVerse reaches unicorn status, and more