Investments in transportation, consumer, media, enterprise services, e-commerce, and VR. NewsDeals | Deal book: Ant Financial invests in car-sharing startup Like; VR startup Aurovis aims to provide affordable VR and 360-degree cameras2 mins read
The company currently focuses on smart customer service operations, such as smart marketing, smart customer service, and client-side risk control. NewsDeals | Big Data Company CEWELL Switches from Customer Service and Quality Testing to Application of Corporate Data3 mins read
CK Hutchison Holdings Limited will sell Xiaomi products in its 17,700 stores. NewsXiaomi smartphones to be available in the hand of wider swaths of European users1 min read
Plus, Alibaba expects an acceleration of sales. Flipkart agrees to sell 75% stake to Walmart. NewsKrASIA Daily: Grab reportedly in talks to raise $1 billion to fuel expansion in SE Asia3 mins read
The revenue growth comes against the backdrop of a brutal competition with Tencent-backed JD and Pinduoduo. NewsKrASIA Weekly Roundup: Alibaba reports the highest revenue growth of core e-commerce businesses since IPO2 mins read
Tencent Music operates China’s 3 most popular music-streaming apps. NewsTencent Music moves towards US IPO; Valuation said to double in four-month time3 mins read
Rising trend of mega deals as Asia plays a more important role in global startup space. InsightsAsia dominates mega deals; Alibaba lagging behind Tencent in corporate investments : CB Insights/ PwC Report3 mins read
Early this April, SenseTime (商汤科技) announced a fresh funding round of $600 million, just nine months after its then record-breaking (in the AI scene) Series B round of $410 million. Q&AHow to make money from the digitization of the physical world? Interview with SenseTime CEO XU Li. Part (2/2)7 mins read
Plus, Mobile Credit Payment acquired iFashion Group. Spotify shares plunge after its first quarterly earnings report. NewsKrASIA Daily: Xiaomi likely to become China’s #3 largest tech company after a HK IPO3 mins read
The company is valued at $5 billion. NewsChinese unicorn UBTECH Robotics raises $820 million from Tencent-led consortium1 min read