NewsTencent-backed Kuaishou sells USD 14 million goods via short video app in 3 daysShort video platforms are tapping into e-commerce. 2 mins read
The Alibaba-backed microblogging site aims to chip away users from its popular rival app, RED. NewsWeibo’s own version of Instagram in the works1 min read
WM’s two co-founders and CFO used to work for Geely. NewsGeely sues EV rival WM Motor in China’s first IP legal battle between gasoline and EV forces2 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
