NewsNio and Didi may merge their autonomous driving businessesBoth companies are seeking ways to cut costs. 2 mins read
Manufacturing EV batteries locally is a key piece to India’s all-electric future as it’ll make EVs more affordable. NewsTesla seconds India’s bid to build more battery factories amid the country’s EV push3 mins read
Whilst Apple’s high pricing has made it fall behind Xiaomi, Samsung, Vivo and Oppo in India. NewsIndia sees record smartphone shipment with Chinese brands dominate top rankings3 mins read
Peanut Diary has admitted “non-compliance” in its early stage of development. NewsSocial commerce platform fined for pyramid scheme raises RMB 300 million1 min read
It also recently bagged Qimao Novels, a free literature app and the Q&A platform Zhihu, which is similar to Quora. NewsBaidu buys stake in scientific Q&A platform Guokr.com to grow content portfolio1 min read
Sequoia Capital China and Reinsurance Group of America are its investors too. NewsTencent leads USD 28.4 million Series B round for online insurance platform Xiaobangguihua1 min read
A steady rise from USD 3 million in the same month a year ago. However, the app’s install base isn’t growing as fast as before. NewsTikTok and Douyin users spent over USD 11 million in-app in July2 mins read
Part of the social commerce site’s client-to-manufacturing plan. NewsProducts co-created by TV brand JVC and Pinduoduo rolled out – and sold out fast, says JVC2 mins read
Go-Viet has to compete with the likes of GrabFood and Now.vn in Vietnam. NewsGo-Viet claims it’s a leader in Vietnam’s online food delivery market1 min read
NewsDeals in brief: Secai Marche raises fresh funding, Singapore’s K25.ai secures at least USD 2 million, five China investments, and more
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