CHINA Volanews

Indonesia Launches National Store on Chinese Pinduoduo The store stocks 500 products made by different companies, with over 100,000 items sold since the launch two days ago, data from the Pinduoduo app shows.

by KrAsia

2020-10-20

CHINA GIANT Ant Group

Ant Group Gets Chinese Nod for HK Leg of $35b Dual-Listing The China Securities Regulatory Commission (CSRC) is also expected to approve Ant’s Shanghai Star Market IPO this week, said the IFR report.

by DealStreetAsia

2020-10-20

CHINA GIANT Sun Art Retail Group

Chinese Alibaba Invests USD 3.6 Billion to Take Control of Retailer Sun Art The initial alliance with Sun Art dates back to 2017, after which Alibaba integrated its online grocery ordering platform Taoxianda with Sun Art’s stores, offering home-delivery services.

by KrAsia

2020-10-20

CHINA Unicorn MEGVII

Chinese AI Unicorn Megvii Announces Plan to Expand Footprint in Smart Logistics The firm also announced on the same day the establishment of an AI logistics industry alliance, which brings together over leading 30 institutions and enterprises in the field.

by ChinaDaily

2020-10-19

CHINA GIANT ONEPLUS

Chinese OnePlus Launches New 5G Smartphone amid Intensified Competition OnePlus will scramble to expand its retailing presence and optimize its after-sales services so that more consumers can access the company's products.

by ChinaDaily

2020-10-19

CHINA Startups VionTech

Jinmao Capital Invests Nearly $14m in Chinese Viontech VionTech offers image recognition and intelligent solutions primarily for smart city and retail sectors. Its services and products are exported to over 20 countries including the Gulf region, Norway, Korea, Singapore, Malaysia, among others.

by DealStreetAsia

2020-10-16

CHINA GIANT MEITUAN

Chinese Meituan Rolls Out Livestreaming Tools for Educational Businesses The tools allow schools to target users of the Meituan apps, located up to 5 kilometers away. Meituan’s Dazhong Dianping app hosts a total of 1.21 million training agencies with 3.35 million reviews.

by KrAsia

2020-10-15

CHINA Startups BambooCloud

China Identity Management Solution Provider Bamboocloud Raises USD 44.4 Million from Sequoia Capital China And Kunlun This marks the largest fundraising deal in the IAM sector, which serves as the foundation of information security.

by KrAsia

2020-10-14

CHINA GIANT KUAISHOU

Chinese Short Video Platform Kuaishou, UN World Food Programme Ink Partnership Kuaishou has donated more than 120,000 nutritious meals to WFP, supporting the latter's program in Central China's Hunan province and South China's Guangxi Zhuang autonomous region to improve the nutrition conditions of preschool children.

by ChinaDaily

2020-10-14

CHINA UNICORNS Lalamove

Hong Kong Logistics Unicorn Lalamove Unveils Foray into The US Lalamove claims it has to date matched more than 7 million users with a pool of over 700,000 delivery partners in 22 markets around the world.

by TechCrunch

2020-10-14

CHINA GIANT HUYA

China’s Two Largest Esports Streaming Platforms Announce Merger Douyu will delist from the Nasdaq stock exchange and become a wholly-owned subsidiary of Huya.

by KrAsia

2020-10-13

CHINA GIANT BAIDU

Baidu Rolls Out Apollo Go Robotaxi Service for Free in Beijing Baidu allowed people to reserve rides for its robotaxi service in Beijing to test a fleet of 40 vehicles, after registering nearly 519,000 kilometers of road testing in the capital city.

by KrAsia

2020-10-13

Startups CHINA SELF-DRIVING CAR

Chinese Self-Driving Cars Ready to Roll Abroad Neolix, a Shanghai-based startup, has signed a preliminary agreement with Middle Eastern e-commerce platform Noon recently.

by ChinaDaily

2020-10-12

CHINA Lufax FINTECH

Chinese Fintech Firm Lufax Files for US Float While peer-to-peer lending used to be the mainstay of its business, Lufax has been actively diversifying its activities recently.

by ChinaDaily

2020-10-10

CHINA Startups Dida Chuxing

Chinese Carpooling Platform Dida Beats Frontrunner Didi Chuxing to IPO Filing Dida runs an app allowing car owners to offer vacant seats to passengers with similar travel itineraries, allowing both to cut travel expenses.

by KrAsia

2020-10-10

CHINA SWISS GIANT

Alibaba to Acquire 10% Stake in Swiss Duty-Free Group Dufry, Inks China JV Alibaba will have a 51% stake in the joint venture, while Dufry will hold the rest. Along with pursuing growth opportunities in China, the joint venture will seek to help Dufry grow business in online travel retail, the Swiss group said.

by DealStreetAsia

2020-10-09

CHINA Startups iHuman

Chinese E-Learning Firm iHuman Pursues USD 84 Million US IPO iHuman, which launched its first app in 2016, is one of the leading childhood edutainment firms in China providing learning apps targeting children aged between three and eight.

by KrAsia

2020-10-09

CHINA Startups KKday

Chinese KKday Raises US$75M Series C to Meet The Demand Surge for Local Experiences as Asia’s Travel Market Reopens KKday aims to provide users with “seamless access to endless lifestyle experiences” — from local theme parks and top restaurants to staycations and multi-day hiking trips.

by e27

2020-09-30

CHINA Startups Ruipeng Pet Healthcare Group

Tencent Invests in China’s Largest Animal Hospital Chain New Ruipeng operates the largest pet hospital chain in China with over 1,400 centers in more than 80 cities in China, offering a slew of services including dental care, vaccinations, sterilizations, and medical treatment.

by KrAsia

2020-09-30

CHINA Startups Taimei technology

Chinese Medical Software Firm Taimei Raises USD 176 Million from Tencent, Hillhouse, Others Taimei runs TrialOS, a platform that involves the different stakeholders in the pharmaceutical sector, including hospitals, drug makers, regulators, and patients.

by KrAsia

2020-09-29