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Meanwhile it finds itself in the crosshairs of billionaire VC and Trump-supporter Peter Thiel in the US.

The live-streaming platform raised the largest Chinese US offering of the year.

More and more companies are entering this sector.

More digital startups are experimenting with insurtech services in Indonesia.

Live streaming is now still the largest cash-cow.

Its the second time this year that a Chinese app developer faces the consequences of deceitful practices.

It is one of the largest funding rounds in the industry, the company said.

China needs many more charging stations to service its electric car owners.