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Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

Existing investors include WM Motors, Fosun, and GGV Capital.

Deals | Ant Financial Invests in China's Third-Largest Hellobike's $700 Million Round | KrASIA

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Deals | Ant Financial Invests in China&#8217;s Third-Largest Hellobike&#8217;s $700 Million Round

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

I'm Xiaochun with KrASIA [kri’eɪʃə], a newborn digital media with a dedication to help Asia uncover its innovations and to create.

https://secure.gravatar.com/avatar/760c9db0d4ccfee316355af963bfcbc0?s=96&d=mm&r=g

Xiaochun Zhao

ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

Bytedance

Toutiao is reportedly eyeing to compete with Alibaba and Tencent in instant messaging tool for enterprises. 

Deals | Toutiao Invested in China's Google Docs-like Shimo, Paving Out Its Way to Tap into the Enterprise Services | KrASIA

Deals | Toutiao Invested in China&#8217;s Google Docs-like Shimo, Paving Out Its Way to Tap into the Enterprise Services

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

Plus, Walmart may buy a majority stake in Flipkart by the end of June. SGX would list Indian equity derivative products in June.

KrASIA Daily: Warburg Pincus in Talks to Invest in Ant Financial's $8 Billion Round | KrASIA

KrASIA Daily: Warburg Pincus in Talks to Invest in Ant Financial&#8217;s $8 Billion Round

WeWork China Merges with Local Rival Naked Hub to Beef up Presence in China.

WeWork is an American company that provides shared workspaces for technology startup subculture communities, and services for entrepreneurs, freelancers, startups, small businesses and large enterprises. Founded in 2010, it is headquartered in New York City.

WeWork

The American company faces competition from Ucommune and KrSpace in China.

Deals | WeWork China Merges with Local Rival Naked Hub to Beef up Presence in China | KrASIA

Deals | WeWork China Merges with Local Rival Naked Hub to Beef up Presence in China

Pinduoduo is an e-commerce platform allowing users to participate in group buying deals. It was founded by Colin Huang as Shanghai Dream Information Technology Co., Ltd. in September 2015.

Pinduoduo

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

Plus, Lyft mulls to enter Japanese ride-hailing space. Allianz invested in Go-Jek. 

KrASIA Daily: Pinduoduo Adds $ 3 Billion to Its War Chest to Keep Growing Momentum  | KrASIA

KrASIA Daily: Pinduoduo Adds $ 3 Billion to Its War Chest to Keep Growing Momentum 

Singapore's Temasek Holdings is reportedly seeking to lead the round.

Deals | What is Beyond a Unicorn? Ant Financial | KrASIA

Deals | What is Beyond a Unicorn? Ant Financial

Tencent Bets on Its Revived Weishi App to Take on Toutiao's Tik Tok in Short Video Streaming

Tencent Holdings Limited is a Chinese multinational investment holding conglomerate whose subsidiaries specialize in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.

Tencent

Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. 

Entertainment

TikTok has been growing in popularity since its inception in 2016.

Tencent bets on its revived Weishi app to take on TikTok in short-video streaming | KrASIA

Tencent bets on its revived Weishi app to take on TikTok in short-video streaming

Plus, Ola in talks to buy Freshmenu. Grab Philippines will keep running the Uber app until April 15. 

KrASIA Daily: Alibaba just Gave Birth to the World's Biggest Unicorn | KrASIA

KrASIA Daily: Alibaba just Gave Birth to the World&#8217;s Biggest Unicorn

Didi Chuxing Technology Co., formerly Didi Kuaidi, is a Chinese transportation network company, artificial intelligence and autonomous technology conglomerate.

Didi

An on-demand service platform connects waiting-time-sensitive customers with independent service providers.

On-Demand Services

Didi Chuxing claimed it's the largest food delivery app in Wuxi city eight days after its launch.

Xiaochun Zhao

Deals | Ant Financial Invests in China’s Third-Largest Hellobike’s $700 Million Round

Deals | Toutiao Invested in China’s Google Docs-like Shimo, Paving Out Its Way to Tap into the Enterprise Services

KrASIA Daily: Warburg Pincus in Talks to Invest in Ant Financial’s $8 Billion Round

Deals | WeWork China Merges with Local Rival Naked Hub to Beef up Presence in China

KrASIA Daily: Pinduoduo Adds $ 3 Billion to Its War Chest to Keep Growing Momentum

Deals | What is Beyond a Unicorn? Ant Financial

Tencent bets on its revived Weishi app to take on TikTok in short-video streaming

KrASIA Daily: Alibaba just Gave Birth to the World’s Biggest Unicorn

Meituan-Dianping and Didi Chuxing both Claim Temporary Victory over Competition to Evolve into China’s Super Service App