NewsCHINA BRIEF | ZTO Express acquires Haier’s smart locker unit at USD 30 millionIn 2019, 10% of all deliveries in China utilized smart lockers. 1 min read
The B2B segment of the total K-12 after school education market is projected to surpass RMB 100 billion by 2025, says new report NewsHit by pandemic, China’s after-school education market embraces doing business online3 mins read
Shushi was founded in June 2020 by Li Kefeng, a former JD.com VP and general manager for Baidu’s mobile business. NewsCHINA BRIEF | Tencent pours USD 14.2 million in digitization solution provider Shushi in angel round1 min read
Over 1,000 shops that buy goods on Lingshoutong have made more than RMB 1 million (USD 142,686) in net profits. NewsMom-and-pop stores beat 11% of Chinese listed companies in profitability2 mins read
Singapore-based Aroa is Agarwal’s third investment vehicle through which he will back startups. NewsOyo founder Ritesh Agarwal sets up new VC fund Aroa to invest in growth-stage startups2 mins read
Wang Xing, founder and chairman of Meituan, seemed to call out Alibaba on social media over the fact Taobao users cannot pay with WeChat. NewsCHINA BRIEF | Meituan removes Alipay for payments as chairman calls out Alibaba1 min read
Israeli plant-based meat alternative startup SavorEat will receive USD 3 million with an option for an additional USD 1 million from investment houses Mor and Meitav Dash, which said they were enterinNewsIsraeli meat alternative startup SavorEat raises USD 3 million2 mins read
Earlier this month, the firm received a USD 1.2 billion check from its parent, Walmart. NewsFlipkart rolls out hyperlocal-delivery service to compete with Dunzo and Swiggy2 mins read
Senior vice president Stephen Zhu Jingshi will take over Qiu’s role at Didi. NewsCHINA BRIEF | Didi’s global COO Tony Qiu quits job to join Kuaishou1 min read
