Giants Volanews

Chinese Xiaomi’s Global Smartphone Sales Surge Xiaomi’s smartphone business, which generated RMB 47.6 billion in the September quarter compared to RMB 32.3 in the same period last year, grew largely on the back of an increased proportion of sales from premium devices like the Mi 10 series.

by KrAsia

6 hours ago

SINGAPORE GIANT Grab

Singapore’s Competition Watchdog Lifts Restrictions on Grab Grab said it will roll out the platform fee “in the next few months”. The company plans to use the money to double down on safety measures such as driver training and insurance.

by KrAsia

2020-11-23

INDIA GIANT Reliance Industries Limited

India Reliance Retail Closes Fundraising Exercise after Raising $6.3b for 10.9% Stake RRVL reported a consolidated turnover of ₹162,936 crore ($ 21.7 billion) and a net profit of ₹5,448 crore ($ 726.4 million) for the year ended March 31, 2020.

by DealStreetAsia

2020-11-20

VIETNAM GIANT Grab Vietnam

Vietnam’s Taxi Associations File Complaint over Unfair Competition against Grab The taxi associations though claimed that Grab, the company, should be classified as “auto transport business,” which it is not at the moment, and therefore operating illegally.

by KrAsia

2020-11-20

CHINA VIDEO GIANT BILIBILI

Nasdaq-Listed China's Bilibili Reports Record High Q3 Revenue, Up 74% Its revenue from mobile games totaled 1.28 billion yuan, up 37 percent, while revenue from advertising jumped by around 126 percent to 557.5 million yuan.

by ChinaDaily

2020-11-20

INTERNET GIANT CHINA NETEASE

China's Internet Giant NetEase Sees Robust Growth in Q3 In Q3, NetEase's online gaming business reported a 20.2 percent year-on-year growth to 13.86 billion yuan, marking the quarterly revenue surpassing 10 billion yuan for ten consecutive quarters.

by Xinhua

2020-11-20

CHINA THAILAND GIANTS

Chinese Lufax Spinoff And Thailand’s KBank Launch Wealth Management Platform The application allows Lu International to tap into Southeast Asia’s second-largest economy where mutual funds only account for 10% of Thailand’s THB 44 trillion (USD 1.5 trillion) capital market.

by KrAsia

2020-11-19

CHINA E-COMMERCE GIANT PINDUODUO

China's Pinduoduo Plans to Raise Up to USD 6.1 Billion to Invest in Agriculture And Manufacturing Beyond the business side, Pinduoduo has formed alliances with universities and research agencies to advance agricultural technologies.

by KrAsia

2020-11-19

SINGAPORE GIANT Sea Group

SG's Gaming And E-Commerce Titan Sea’s Revenue Nearly Doubles in Q3 2020 Total adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) came in at $120.4 million in the July-September period, swinging from a $30.8 million loss in the year-ago quarter.

by DealStreetAsia

2020-11-18

INDONESIA GIANTS GOJEK

Indonesian Telkomsel Invests US$150M in Gojek The collaboration marks an expansion of the two tech giants’ multi-year partnership that has offered affordable data packages to gojek driver-partners since 2018.

by e27

2020-11-18

CHINA TECH GIANT HUAWEI

China's Huawei Selling Budget Smartphone Unit Honor in Rescue Move After the deal, Huawei will not have any shares in Honor, nor will it participate in the management and decision-making.

by KrAsia

2020-11-18

CHINA GIANT OPPO

Oppo X 2021 Unveiled as The World’s First Smartphone Concept with An Extending Display Furthermore, the company also added a custom made laminate for the screen for additional protection.

by GizmoChina

2020-11-18

INDIA GIANT Amazon India

Amazon India Launches 'STEP' to Accelerate Growth of 7 Lakh Sellers Starting December 1, 2020, all sellers on Amazon.in will get 'Standard' benefits up to March 31, 2021.

by YourStory

2020-11-17

CHINA GIANTS YY

Baidu to Buy JOYY’s Live Streaming Unit in China for $3.6b The company said through the deal it aims to diversify its revenue source, the bulk of which comes from ad sales on its core search engine platform.

by DealStreetAsia

2020-11-17

CHINA GIANTS Didi Chuxing

Chinese Didi And BYD Unveil World's First Tailor-Made Ride-Hailing Vehicle D1, as the new car named, is designed for the 550 million passengers and more than 10 million drivers on Didi's transportation platform.

by ChinaDaily

2020-11-17

INDIA Startups Urban Ladder

India Reliance Acquires 96% Stake in Furniture Retailer Urban Ladder Reliance Retail Ventures Limited, a unit of Reliance Industries, has an option of buying the remaining stake, the company said, adding that it intends to invest a further 750 million rupees by December 2023.

by DealStreetAsia

2020-11-16

GERMANY MIDDLE EAST GIANT

Deep Dive: Delivery Hero’s Acquisitions in Middle East, North Africa & Turkey The German company has spent over $1.2 billion in the Middle East – from 2015 to 2020 – which makes it one the biggest acquirer of technology startups in the region.

by MENAbytes

2020-11-13

INDIA GIANT Breakthrough Energy Ventures

Indian Reliance Industries to Invest Up to $50m in Breakthrough Energy Ventures Investment will be made in tranches over 8-10 years with the $50 million constituting 5.75% of the size of the fund contemplated at present.

by DealStreetAsia

2020-11-13

SINGAPORE GIANT Grab

Grab Inks Partnership with Lazada in Vietnam to Integrate Product Offerings Vietnamese users will be able to access GrabFood from the homepage of Lazada’s app and website, while Grab’s users in Vietnam can also access Lazada’s platform via several links embedded in campaign-based banners and widgets on the Grab app’s homepage.

by KrAsia

2020-11-12

CHINA E-COMMERCE GIANT ALIBABA

Alibaba Expects Livestreaming E-Commerce Penetration Rate to Reach 30% The number of transactions conducted on Taobao Live in just the opening 10 minutes of this year’s presales on October 20 exceeded that of last year’s entire event, according to data from Alibaba.

by KrAsia

2020-11-12