NewsKuaishou tests new educational short video app with 40-minute daily usage capAnd access to the app is only allowed between 6 a.m. and 10 p.m. 2 mins read
Food and financial services now make up more than 50% of Grab’s gross merchandise volume, according to Lim Kell Jay, the regional head of GrabFood. NewsAs Grab expands to food and finance, its transport business is no longer driving most of its growth4 mins read
The app is in its beta phase and has been downloaded by 27,000 users. NewsByteDance runs trial for new music app in India and Indonesia2 mins read
Carsome wants to consolidate position in key markets, which are Malaysia, Indonesia and Thailand. NewsMalaysian used-car marketplace Carsome closes USD 50 million Series C round2 mins read
The company has so far raised a total funding of RMB 600 million in 2019. NewsChinese SpaceX equivalent LandSpace closes USD 71 million Series C2 mins read
The live streaming business is Kuaishou’s main revenue source, contributing 90% of the firm’s total revenues. NewsOver 100 million users watch live streaming shows on Kuaishou every day, says the firm2 mins read
Chinese manufacturer taps new market abroad as Huawei eats its lunch at home. NewsXiaomi seeks fans in Japan with budget-friendly phones3 mins read
The company has lost its edge in the China market. NewsBaidu-backed lidar sensor maker Velodyne lays off Beijing office and halts direct sales in China3 mins read
Ant Financial’s Alipay is valued at over USD 150 billion and is now expanding quickly outside of China. NewsHow Alipay is killing cash in China, and wants to take the world stage6 mins read
