NewsCHINA BRIEF | SAIF-backed chatbot maker Xiaoneng closes USD 17.6 million Series CChina’s chatbot industry is estimated to be worth USD 2.1 billion. 1 min read
Merchant account owners can sell goods via livestreaming, open online stores, and contact with customers directly on Kuaishou. NewsCHINA BRIEF | Kuaishou reports 500,000 new active merchants accounts as result of commercial push1 min read
India is currently on a 21-day lockdown, forcing people to stay at home and many businesses to suspend operations. NewsBounce’s founders give up salary to keep team intact amid Covid-192 mins read
Narwal Robotics unveiled its first autonomous robot cleaner, the Narwal T10, last year. NewsCHINA BRIEF | ByteDance co-leads USD 14 million investment in robot cleaner startup Narwal Robotics1 min read
Consumer spending on mobile apps is expected to reach USD 171 billion by 2024, double the amount last year. NewsSurge in downloads amid coronavirus will see consumer app spending double over five years, report says2 mins read
The board of online classifieds marketplace 58.com plans to evaluate the proposed transaction. NewsCHINA BRIEF | 58.com receives buyout proposal from private equity firm Ocean Link1 min read
The company wants to shake up ‘s wealth management sector with innovative investment offerings. NewsVietnam fintech startup Finhay raises funding from Acorns co-founder, others2 mins read
The trading day following the firm’s admission of financial fraudulence, Luckin lost nearly USD 5 billion in market value. NewsLuckin Coffee to investigate USD 310 million of fraudulent sales as share price dives 75%2 mins read
