NewsFlipkart injects USD 90 million into payment subsidiary PhonePeThe fresh investment takes PhonePe’s total raised amount to USD 928 million. 2 mins read
The company has raised almost USD 18 million that will be used for business expansion plans. NewsSingaporean fintech Helicap bags USD 10 million in Saison Capital-led Series A round2 mins read
Watchdogs cooperate with US over fabricated-sales scandal. NewsChinese regulators raid Luckin offices and seize documents2 mins read
The Alibaba-backed EV maker’s newest P7 has more range than any other vehicle available in China. NewsCHINA BRIEF | Xpeng launches new P7 with 706 kilometer range, challenging Tesla’s Model 31 min read
ZuBlu has grown its resort partner network and member community despite the COVID-19 pandemic. NewsScuba diving platform ZuBlu raises USD 1 million seed funding led by Wavemaker Partners2 mins read
Following the announcement, China Literature’s stock price went up 12.05% to USD 4.62. NewsCHINA BRIEF | Tencent’s VP to lead China Literature after management reshuffle1 min read
Following the acquisition, ShopBack is expected to serve over 500,000 customers in South Korea this year. NewsShopBack acquires Ebates Korea, marking its expansion to South Korea1 min read
Centauri Fund is leading the funding round; it’s the fund’s first investment. NewsIndonesian insurtech Qoala notches USD 13.5 million funding in Series A2 mins read
The online bank’s average outstanding loan size is USD 4,300. NewsCHINA BRIEF| Ant Financial’s MYbank serves 20.9 million small and micro business in 2019, up 70% yearly1 min read
