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Apple takes two-thirds of the pie in global smartphone profits with only 12% market share, says report

Huawei has shipped 230 million smartphone units so far this year, representing 12% growth from last year’s 206 million.

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Lightspeed Venture Partners and Sequoia Capital held about 13% and 11% stake, respectively in Oyo.
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Lightspeed and Sequoia executives raked in huge profits after partial Oyo exit
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The WeChat Pay team has won Tencent’s USD 28.5 million Founders Award.
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Tencent’s WeChat Pay employees to get ten months’ salary plus USD 28,500 as yearly bonus
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The three e-wallet platforms will distribute a total of MYR 450 million to encourage cashless transactions
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GrabPay, Touch’ n Go, and Boost selected for Malaysian digital money initiative
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The company supplies maternal and baby products to shops in China’s small cities and rural areas.
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B2B e-commerce platform Hipac closes USD 100 million Series D round
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eMonkey is one of the 32 e-wallets that have received licenses from the State Bank of Vietnam.
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Ant Financial has reportedly acquired a stake in Vietnamese e-wallet eMonkey
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The platform promises grocery deliveries within one hour.
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JD.com and Walmart-backed O2O retail platform JD Daojia speeds up expansion in China
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The mass production will start in early 2020.
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Baidu and Samsung join hands to kick off mass production of AI chip Baidu Kunlun
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Alibaba and its financial arm Ant Financial typically restructure on an annual basis as the companies adjust their strategies.
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Alibaba announces management reshuffle while Ant Financial names Simon Hu as new CEO
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