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IQiyi plans to raise USD 1.5 billion at a valuation of USD 10 Billion.

According to the source, Tencent, together with Indian media and technology company Times Internet Ltd. that founded the business, will invest a total of US$115m into the streaming service.

Plus, two Singaporeans on trial who has posted unauthorized short-term rentals on Airbnb pleaded guilty. Amazon agrees to acquire Ring.

Don’t have time for that? Think again.

Ele.me is the missing piece in Alibaba’s last-mile delivery network which is critical to the company’s new retail concept.

Singapore’s Bluzelle is among the six startups chosen as members of the first cohort.

China’s tech mogul Tencent is now behind both Go-Jek and Grab.

Chinese e-commerce platform targeting overseas market have a unique advantage as there are sufficient suppliers.

Alibaba is rumored to pump in US$ 9.5 billion to fully acquire food delivery startup Ele.me.

Plus, East Ventures is planning a USD100 million fund. Apple is preparing to release a trio of new smartphones later this year.