NewsCHINA BRIEF | Douyin adds video call function supporting beauty filtersThe short-video platform hit 518 million monthly active users in March. 1 min read
The startup founded by former Grab chief technology officer Wei Zhu plans to expand further in Southeast Asia. NewsInsurtech startup Axinan closes extended Series A round, rebrands to Igloo2 mins read
The race for an effective vaccine is on. NewsIsraeli team developing coronavirus vaccine raises USD 12 million for new startup3 mins read
The company is struggling to stay afloat amid the impact of the epidemic. NewsDelayed salaries for Byton workers add to woes for coronavirus-embattled EV maker2 mins read
On Tuesday, Ambani’s net worth had nosedived by USD 14 billion—the biggest such fall of an Asian billionaire—due to the eroding crude oil prices. NewsReliance chairman Mukesh Ambani replaces Jack Ma as Asia’s richest man post Facebook’s investment2 mins read
In April this year, the company reportedly sent thousands of employees globally on leave for up to three months. NewsSoftBank-backed Oyo cut salaries by 25% in India, furlough employees3 mins read
The entertainment giant demands compensation worth over USD 400,000. NewsCHINA BRIEF | ByteDance’s Douyin sues Guangzhou-based firm for trademark infringement1 min read
As people stayed home to avoid the coronavirus, older and less wealthy people suddenly had more reasons to use the internet. NewsChina sees more older people and residents from lower-tier cities move online amid pandemic2 mins read
Users can control home appliances remotely from their cars via voice command or touch screen. NewsCHINA BRIEF | JD.com teams up with SAIC Volkswagen to allow home appliances control from vehicles1 min read
