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Tencent chilled by ‘cold winter’ in business environment as it bets on fewer companies this year

Tencent Holdings’ president Martin Lau had warned earlier this year of a sharp downturn due to “bigger challenges” in 2019.

4 mins read

Online education players are still in hot water.
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Alibaba-backed edtech firm Knowbox to slash 40% of employees
2 mins read
Qubu is currently under investigation for illegal fundraising and financial fraud in China
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Exclusive: Fraudulent Chinese “blockchain” app Qubu spreads to Malaysia
3 mins read
This is SoftBank Vision Fund II’s maiden investment in India.
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Lenskart becomes 25th Indian unicorn with fresh investment from SoftBank
2 mins read
Huawei has shipped 230 million smartphone units so far this year, representing 12% growth from last year’s 206 million.
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Apple takes two-thirds of the pie in global smartphone profits with only 12% market share, says report
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Lightspeed Venture Partners and Sequoia Capital held about 13% and 11% stake, respectively in Oyo.
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Lightspeed and Sequoia executives raked in huge profits after partial Oyo exit
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The WeChat Pay team has won Tencent’s USD 28.5 million Founders Award.
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Tencent’s WeChat Pay employees to get ten months’ salary plus USD 28,500 as yearly bonus
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The three e-wallet platforms will distribute a total of MYR 450 million to encourage cashless transactions
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GrabPay, Touch’ n Go, and Boost selected for Malaysian digital money initiative
2 mins read
The company supplies maternal and baby products to shops in China’s small cities and rural areas.
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B2B e-commerce platform Hipac closes USD 100 million Series D round
1 min read