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The retail cloud business is growing rapidly, adding 3,201 new stores last year and achieving profitability.

China Venture Roundup Volume 30 covers China’s investment activity from April 5 -11, 2021.

Accumulated losses reach USD 10 billion; Singapore company raises Myanmar risk.

Tencent outspent its Chinese peers on strategic investments last year, now with over 1,200 portfolios under its wings.

The company launched its first game through Douyin just 2 years ago and is aiming to expand its reach in the market.

Chinese internet companies were ordered to correct malpractices and pledge in written statements that they will operate legally.

The deal is expected to close this month, with Gojek taking a 60% stake in GoTo.

Bukalapak has reportedly hired Bank Mandiri’s securities arm to seek a merger with a US-based blank-check company.

Once the final close is completed, Openspace will have USD 625 million in committed capital across four investment vehicles.

Pine Labs counts Mastercard, PayPal, and Temasek among its investors.