NewsTemasek-backed ABC World Asia closes USD 385 million fund for impact investingThe firm will further invest in China, South Asia, and Southeast Asia. 1 min read
Nearly half of Douyin and Kuaishou users in China are overlapped. NewsKuaishou aims to challenge Douyin with new short-video app Taizan2 mins read
Behind the company’s fast expansion there are also billions of net loss. NewsAnt Financial-backed Danke Apartment files for US IPO, following Q&K2 mins read
The fresh funds will be used to improve the company’s digital invoicing and bookkeeping system. NewsIndonesia’s Paper.id raises undisclosed Series A funding from Golden Gate Ventures and Modalku1 min read
Kicking off in Singapore, the service will be available in Indonesia and Thailand by year end. NewsBooking.com launches ride-hailing service via partnership with Grab2 mins read
The move follows developments that were shaped by Tencent, Alipay, Baidu, and ByteDance. NewsMeituan rolls out its own platform for mini programs2 mins read
The EV maker might need another USD 2.1 billion in cash between 2019 and 2020 to stay afloat. NewsNio’s CFO resigns under heavy funding pressure with no immediate replacement 2 mins read
Youdao’s share prices plunged 26% in its first day of trading. NewsNetEase mulls IPO for its Cloud Music platform, following Youdao’s footstep1 min read
Ucommune is looking to buck the gloomy trend set off by WeWork’s disastrous IPO. NewsChinese WeWork rival Ucommune files for US IPO, sources say2 mins read
