NewsCHINA BRIEF| Ant Financial’s MYbank serves 20.9 million small and micro business in 2019, up 70% yearlyThe online bank’s average outstanding loan size is USD 4,300. 1 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
Despite being cleared of any legal wrongdoing, Jiang has been stripped of his position as a partner at the firm. NewsCHINA BRIEF | Alibaba punishes Tmall president for damaging corporate image after affair allegations1 min read
In the first quarter of 2020, the number of job postings in China declined by 24% year-on-year. NewsNasdaq-listed recruitment platform 51job to shutter offices in 11 Chinese cities and slash employees1 min read
The SoftBank Vision Fund is in talks with 15-20 companies for both secondary and primary investments. NewsSoftBank Vision Fund looks to invest in Indian startups amid COVID-193 mins read
Kuaishou’s global expansion continues. NewsCHINA BRIEF | Kuaishou releases new short-video app targeting overseas market1 min read
Netizens are questioning the company’s internet marketing strategy. NewsXiaomi apologizes after VP touts voyeuristic potential of latest phone’s camera2 mins read
Amid competition from Luckin, Starbucks hopes to digitalize its services in the country. NewsCHINA BRIEF| Starbucks teams up with Sequoia Capital China to co-invest in beverage startups1 min read