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China’s new centralized clearinghouse handled 4.55 billion online transactions during spring festival

Sending and receiving electric red envelopes posed the biggest pressure to the clearinghouse, followed by shopping and dining.

1 min read

New opportunities for tech startups in the Chinese capital markets.
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China relaxes strict public listing rules, intensifies competition with Nasdaq and Hong Kong
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The company has overtaken Dell and Lenovo.
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Huawei spent 45.2% more on semiconductor chips, becoming third-largest buyer
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How will regulations and politics play a role in Southeast Asia’s tech ecosystem.
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KrASIA Weekly: The changing dynamics in Singapore’s sharing economy
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Indonesian national airliner Garuda and ride-hailing/local services firm Go-Jek are discussing a logistics partnership, according to Reuters. Garuda’s chief executive Ari Askhara told the news a
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Brief: Go-Jek in talks with Indonesian national airliner Garuda over logistics partnership
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It’s said to be the first AI-powered, VC-backed music startup in Southeast Asia.
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Music tech startup Musiio rakes in $1m seed round
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After Snap and Discord, Tencent eyes a stake in Reddit.
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Tencent doubling down on US social apps, said to lead Reddit’s Series D financing round
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The company’s growth has been costly, but more aggressive expansions are in the works.
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Pinduoduo aims to raise more than US$1 billion in secondary offering
1 min read
A joint venture with Hong Kong’s Cyberport may help.
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Thailand aims to mint homegrown unicorn in three to five years
1 min read