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ByteDance’s IPO might happen as early as this year

Its valuation has soared past that of Baidu, which is considered one of China’s three tech giants.

1 min read

Sumitomo Life will acquire a 25% percent stake
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Singapore Life bags USD 90 million from one of the biggest life insurers in Japan
2 mins read
MyGo will start serving customers immediately in 63 cities and provinces throughout Vietnam
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Vietnamese telecom officially launches new ride-hailing and e-commerce platforms
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The platform claims to have 22 million registered users
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After long delay, Indonesia’s state-owned e-wallet LinkAja officially launched
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This time it’s looking to welcome international investors.
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Baidu-backed WM Motor seeking up to USD 1 billion in new funds, says founder
1 min read
The move aims to enhance innovation in Singapore’s financial sector
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Singapore to issue five new digital banking licenses to spur innovation in financial sector
2 mins read
In doing so, the retailer is calling in a loan worth more than half a billion dollars.
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After buying loss-making Carrefour, Suning.com sells off majority control of its convenience store operation
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While Tencent is chasing domestic carmakers, its major competitor Alibaba holds out olive branches to foreign auto giants.
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Tencent forms strategic partnership with carmaker Dongfeng Motor
1 min read
Its cachet hasn’t quite translated in the country.
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Fast-expanding OYO faces financing impasse and distrust in China
2 mins read