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The company just bagged USD 30 million in a pre-Series B round led by Future Capital and Shunwei Capital.

The company moved fast to meet explosive growth in the demand for cloud-based video services the education and corporate training sectors during the COVID-19 pandemic.

Paytm’s other apps such as Paytm Mall, Paytm Money and others are still available on Play Store.

The reported USD 10 million deal is a bargain for Tencent compared to the previous Premier League contract.

The web tracker has since been removed, but IndieHome didn’t clarify the incident.

Samsung led the premium smartphone segment with a 37% market share in the first half of 2020.

The report said the festive season is expected to see 45 to 50 million new users shopping online.

The investment will help expand the platform’s retail merchant network and accelerate the adoption of digital payment in the country.

Evergrande Auto in August unveiled its first ever six new energy vehicle models under the Hengchi brand, but hasn’t yet started to produce them at scale.

The new RMB fund will manage over 20 billion yuan.