NewsLuckin chairman Lu Zhengyao quits from CAR Inc amid escalating coffee chain scandalThe scandal-hit entrepreneur may face criminal charges. 2 mins read
The fresh funds will be used to develop new auto parts, build new warehouses, and to digitalize its business. NewsCHINA BRIEF | Automotive parts supplier Mancando raises USD 57 million in Series B round1 min read
Livestreaming e-commerce is becoming big business in China, with celebrities, tech founders, and news anchors all trying it out. NewsJapanese virtual idol Hatsune Miku joins Taobao as a livestreaming ambassador for upcoming 618 festival2 mins read
Investments in the likes of Uber and WeWork have plunged in value. NewsSoftBank’s USD 100 billion Vision Fund to shed 15% of staff1 min read
Louise Daley, angel investor and deputy CEO of AccorHotels Asia Pacific, will join Split’s board of directors. NewsSingaporean pay-later startup Split banks seed funding from 500 Startups1 min read
Existing investor Tencent will secure 2.8% of Nio’s ADS for about USD 10 million. NewsNio to raise over USD 344 million by offering 60 million ADSs amid tight liquidity2 mins read
The funding for the FX platform was led by Ant Financial backed-BAce Capital, SMDV, and Skystar Capital. NewsSingapore fintech firm Wallex raises Series A funding1 min read
Ride-hailing companies upgrade their apps with new health protocol features, including selfie-tech. NewsIndonesia allows Gojek and Grab to carry passengers again2 mins read
The funding is directed at cultivating the financial services sector in the MENASA region. NewsDubai International Financial Center’s Fintech Fund invests in four startups: FlexxPay, Rise, Now Money, and Sarwa2 mins read
