NewsChinese regulators raid Luckin offices and seize documentsWatchdogs cooperate with US over fabricated-sales scandal. 2 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
After the Philippines and Indonesia, Oriente is now eyeing the Vietnamese market. NewsOriente bags USD 50 million to strengthen Southeast Asian operations2 mins read
Paytm was valued at USD 16 billion last year when the US-based asset manager T Rowe Price—as a new investor—poured USD 150 million into the Noida-based company. NewsPaytm in talks with Microsoft for USD 100 million investment2 mins read
