NewsCHINA BRIEF | After Carrefour, Tesco exits China by selling stake in JV to China Resources for USD 300 millionThe Chinese conglomerate will take full control of the venture. 1 min read
The investment in LetsShave is in line with the Wipro’s strategy of capitalizing on online opportunities, targeting millennials. NewsOnline personal care brand LetsShave bags funding from Wipro2 mins read
Dahmakan’s services are available in Malaysia and Thailand where customers can order food to be delivered to their locations using its website and mobile app. NewsMalaysian food startup Dahmakan bags USD 18 million in a Series B funding round2 mins read
More companies are expected to implement similar measures. NewsCost-cutting amid COVID-19: Firms like Temasek, SIA, CapitaLand impose hiring and salary freezes2 mins read
Apple and TikTok maker ByteDance are asking for developers to show game licenses as China tightens its grip on video game publishing. NewsWhy Apple’s new rules for games in China could spell trouble for indies4 mins read
The deal was first reported by a Chinese media outlet on February 18. NewsCHINA BRIEF | Nio denies rumors of USD 300 million investment from Geely1 min read
The employee who allegedly sabotaged the company’s data has been detained by the police. NewsSabotage against China’s largest WeChat SaaS provider impacts millions of merchants2 mins read
The company has bagged USD 116 million in investments in less than one year. NewsCHINA BRIEF | Online kids’ content provider Kaishu Jianggushi closes USD 66 million Series C+ round joined by Temasek1 min read
Rupeek plans to use fresh funds to upgrade technology and acquire customers. NewsGGV Capital co-leads a USD 60 million funding round in Indian fintech startup Rupeek2 mins read
NewsMiddle East weekly: Aito enters the UAE, MGX invests in Anthropic, AED-backed stablecoin secures approval, and more