NewsSoftBank Vision Fund’s gains wiped out with USD 16.7 billion lossUSD 100 billion investment vehicle turns net negative after WeWork and other woes. 3 mins read
Livestreams powered by next-generation 5G networks and cloud-based learning platforms are also expected to become more mainstream NewsChina’s online education drive to boost demand for PCs, tablets, 5G and cloud services, says IDC2 mins read
Lending startups are staring at a tough time ahead as getting loan from NBFCs and collecting money from debtors is going to be a tough nut to crack. NewsDigital lending startup Capital Float raises USD 15 million2 mins read
Kumu recently reached 3 million registered users, plans to scale up operations. NewsPhilippine livestreaming app Kumu nets USD 5 million in Openspace-led round2 mins read
From USD 800 million to USD 3 billion. NewsCHINA BRIEF | World’s largest battery maker CATL enlarges overseas corporate bond sale plan to meet demand1 min read
Trade associations demand the company discontinue exclusive cooperation agreements and lower commission fees. NewsMeituan’s relationship with dining sector sours as COVID-19 tests restaurants’ bottom line3 mins read
There is a sudden spurt in demand for grocery and medicine during the 21-day lockdown in India. NewsIndian mobility startup Yulu partners with e-commerce companies to deliver essentials as lockdown extended partially2 mins read
Chinese PC manufacturer Lenovo leads the industry with a 23.9% global market share, while Apple sales fell over 20%. NewsDespite coronavirus-caused surge in PC demand, industry sees largest shipments drop in four years2 mins read
The firm is eyeing AI and IoT sectors to seek new paths for growth. NewsCHINA BRIEF | State-owned automaker FAW Group invests in AI by establishing new subsidiary1 min read