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The Series D funding round was led by GeoPost alongside two sovereign wealth funds, with returning participation from B Capital Group and Monk’s Hill Ventures.

This comes barely 10 days after social networking giant Facebook brought a 9.99% stake in Jio Platforms.

The company has served nearly 100,000 corporate clients including Pinduoduo, Dangdang, and ZiRoom.

Indonesia’s minister of communication Johnny Plate says Tokopedia needs to conduct an internal investigation to locate the cause of the breach.

The social giant is not only an investor of Pinduoduo, it is developing its own version of the popular social commerce platform.

With China’s film and TV industry struggling to recover from the COVID-19 pandemic, screenwriters are the latest people trying to cash in on livestreaming e-commerce.

The startup has launched two new education apps, both featuring an AI-powered interactive aid in the shape of a cartoon dragon.

Burger King, Canadian Pizza, Cedele, Da Paolo Group, The Daily Cut, and Tuk Tuk Cha are some of the merchants included in the service.