NewsCtrip-backed hotelier LvYue secures funding from Tencent and Goldman SachsThe company is expecting a network of over 2,600 hotels by the end of this year. 2 mins read
Aims to treble Asian bookings from China, world’s largest source of travelers. NewsTujia, China’s answer to Airbnb, nurses big ambitions4 mins read
Zhu Wenjia is the new CEO of Jinri Toutiao, while former CEO Chen Lin will reportedly focus on ByteDance’s new initiatives. NewsByteDance’s Toutiao welcomes new CEO following management reshuffle (updated)2 mins read
Tencent reported a 13% slide in its profit and missed analysts’ expectations. NewsBeyond the numbers: What Tencent’s Q3 results tell you about its transformation3 mins read
This year at least three milk delivery businesses either shut shop or trimmed their operations. NewsAlibaba-backed Bigbasket might acquire Indian milk delivery startup DailyNinja2 mins read
Jovee wants to support a healthy lifestyle by providing supplement recommendations according to individual needs. NewsIndonesian serial entrepreneur Natali Ardianto kicks off on-demand digital pharmacy platform2 mins read
The company has reached the store level break-even point for the first time with a profit margin of 12.5%. NewsLuckin reports 540% revenue growth on quest to outnumber Starbucks storefronts in China2 mins read
“No two services are the same,” an Instagram spokeswoman said while acknowledging that TikTok is doing “big things” in the short video format. NewsInstagram takes on TikTok, Kwai in Brazil with new video-music remix feature2 mins read
Although, Xiaomi is posting record growth one quarter after another, its competitors are coming after it with full force. NewsXiaomi sees strong growth in offline sales in India3 mins read