NewsPinduoduo eyes 100 million orders for agricultural produce in 12 days, linking with 20,000 merchantsCheap fresh produce is a tool for Pinduoduo to gain trust. 1 min read
The company predicts that it’s on track to reach the store level break-even point during the third quarter. NewsLuckin Coffee’s revenue increases 700% while net loss widens 100% in Q22 mins read
DIVA enables SMEs to sell digital vouchers and reportedly posted a net profit of USD 2.8 million in Q2 2019. NewsKejora and InterVest jointly acquire “up to 10%” stake in IDX-listed tech company DIVA2 mins read
Ant leads the investment into Xinlian Technology, a subsidiary of state-owned highway company SDHS. NewsAnt Financial to take a bigger share of China’s e-toll market with new investment2 mins read
Behind this cooperation is AliExpress’ sales growth in 2018. NewsAlibaba’s cross-border e-commerce platform AliExpress allies with search engine Naver to boost sales to South Korean consumers1 min read
This could wash more venture capital into the up-and-coming edtech and agritech sectors in Indonesia. NewsSoftBank eyes investment in Indonesian startups Ruangguru and Aruna2 mins read
The core live-streaming business is growing well while the newer businesses short video and video conferencing are growing super fast. NewsAfter acquiring BIGO, China’s live-streamer YY says it gains 80% of its users from overseas2 mins read
It’s all about what consumers want. NewsChina’s social e-commerce sector to reach more than USD 180 billion by 20213 mins read
Following public pressure, transport authorities have loosened requirements for four-wheeled ride-hailing in Vietnam. NewsVietnam’s Ministry of Transport removes taxi-style roof-sign requirement for ride-hailing cars2 mins read
