Not slowing down, Temu is shifting to a partial consignment model as part of a strategic change to sustain growth in the US and Europe. NewsPDD’s Temu racks up USD 20 billion in first-half sales, surpassing 2023 total2 mins read
Naming a popular figure like Jia Ling as brand ambassador is a rare move for Lululemon in the Chinese market. How will it pan out? InsightsLululemon taps comedian-turned-director Jia Ling as brand ambassador for Chinese market5 mins read
Bringing you the latest updates on funding deals and activities in the Asia Pacific. NewsDeals in brief: AwanTunai secures debt facility from HSBC, RevComm completes pre-Series B round, Alphabet injects USD 5 billion into Waymo, and more3 mins read
With a focus on brick-and-mortar stores, Urban Revivo’s parent company is eyeing a USD 13 billion sales goal and an IPO. NewsChina’s Zara challenger Urban Revivo ramps up global growth plans5 mins read
OpenAI is going head-to-head with Google with the launch of SearchGPT. NewsOpenAI launches SearchGPT, Google’s latest search rival2 mins read
Kuaishou has opened international access to Kling AI, its generative AI platform, offering daily free credits for users to test its capabilities. NewsKuaishou’s Kling AI video generator launches globally to challenge OpenAI’s Sora2 mins read
Low-price tactics could be leading to Douyin E-commerce’s faltering GMV growth. NewsDouyin E-commerce misses first-half GMV target amid growth slowdown3 mins read
Bringing you the latest updates on funding deals and activities in the Asia Pacific. NewsDeals in brief: Hive Health raises USD 6.5 million, AgFunder VC closes fourth early-stage fund, ten China and India deals, and more5 mins read
Caldecott expands through acquisitions of instrumental brands and composition software. NewsSingapore startup’s stores and apps connect world’s music fans3 mins read
Bringing you the latest updates on funding deals and activities in the Asia Pacific. NewsDeals in brief: Earth VC backs UK-based Sparxell, Grab’s acquisition of Trans-cab falls through, five China deals, and more4 mins read