NewsGeely sues EV rival WM Motor in China’s first IP legal battle between gasoline and EV forcesWM’s two co-founders and CFO used to work for Geely. 2 mins read
Luckin is taking a page from the likes of Starbucks to sell coffee mugs as an extra revenue source. NewsOther than coffee, Luckin now wants to sell merchandised cups in China2 mins read
Chinese Twitter’s animation app closes on Kuaikan Comics and Tencent Animation. NewsWeibo’s new manga platform snaps up users3 mins read
With its e-commerce site, media platforms, and omnichannel store, Social Bella wants to build a comprehensive digital beauty ecosystem in Indonesia. NewsIndonesian beauty platform Sociolla bags USD 40 million Series D funding led by EV Growth and Temasek2 mins read
Logistics spend in India is 13%-14% of the GDP. NewsIndian logistics startup ElasticRun in talks to raise USD 55 million from Naspers2 mins read
App goes viral within days of debut, but users worry over financial identity theft, among other issues. NewsChinese face-swap app Zao faces backlash over user data protection3 mins read
Nio has only fulfilled less than 30% of its annual sales target. NewsChinese EV maker Nio dangles ‘zero down payment’ in Shanghai to pursue sales target1 min read
ByteDance wants to keep its growth momentum. NewsByteDance reshuffles management in bid to build a third app with 100 million DAU1 min read
The company is one of the only four companies to receive a robotaxi license from California. NewsShanghai ties up with startup AutoX to pilot robotaxi operations2 mins read
