NewsPinduoduo books 738% y-o-y increase in operating losses for Q1 2019Its revenue growth lags behind. 1 min read
The move comes just after competitor Bianlifeng upped its registered capital. NewsSuning issues USD 750 million in new shares to expand convenience stores2 mins read
It’s its second horse in the race to challenge WeChat. Tencent might hit back. NewsByteDance launches new social app to challenge WeChat1 min read
It’s aggregating several smaller players on its platform hoping to create synergies with its other services NewsMeituan expands its ride-hailing service to 15 cities with one smart move1 min read
Baidu is in urgent need to find a new frontier and smart speakers are very good entry points for their services NewsBaidu dethrones Alibaba as China’s top smart speaker vendor in Q1 20192 mins read
Prowler.io, an AI company from Cambridge, England has raised USD 24 million (RMB 166 million) in funding at a USD 100 million (RMB 691 million) valuation, with Tencent leading the round, Bloomberg reNewsTencent leads investment in Cambridge-based AI company1 min read
The flashy Startup World Cup crowned another winner NewsVietnamese startup Abivin takes home grand prize at Startup World Cup 20192 mins read
Both the founder and CEO are being investigated for securities fraud. NewsFinancial scandal engulfs Chinese gaming company Kingnet1 min read
With more capital, the company can attract new investors or take on loans NewsTencent-backed convenience store Bianlifeng ups registered capital by 50%1 min read
