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Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili
Ecommerce giant Alibaba is continuing its push into the world of youth culture after it scooped up an 8 percent stake in anime streaming and […]
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China’s Didi reportedly lost a staggering $1.6 billion in 2018
China’s largest car-hailing company is facing relentless pressure from all fronts. Beijing-based Didi Chuxing reportedly lost a staggering 10.9 billion yuan ($1.6 billion) in 2018, […]
Amazon, WesternUnion debut PayCode to sell goods in emerging markets and let shoppers pay in cash
While Amazon has been methodical (read: a little slow) in launching local versions of its site for various global markets, it has now embarked on […]
Alibaba’s Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M
Ant Financial, the financial services behemoth affiliated with Chinese e-commerce giant Alibaba, has made its first big move into Europe. It’s acquired London-headquartered payments company […]
China’s Alipay digital wallet is entering 7,000 Walgreens stores
China’s payments heavyweights have been following tourists abroad as their home market gets crowded. Ant Financial, Alibaba’s financial affiliate with a said valuation of $150 billion, […]
PayPal shutters Malaysia office as part of customer service reorg
Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The office, located in capital city […]
E-commerce startup Zilingo raises $226M to digitize Asia’s fashion supply chain
If you’re looking for the next unicorn in Southeast Asia, Zilingo might just be it. The 3.5-year-old e-commerce company announced today that it has raised […]
Xiaomi-backed electric toothbrush Soocas raises $30 million Series C
China’s Soocas continues to jostle with global toothbrush giants as it raises 200 million yuan ($30 million) in a series C funding round. The Shenzhen-based oral […]
Chinese e-commerce challenger Pinduoduo is raising over $1 billion more
The price of competing with e-commerce giants Alibaba and JD.com is immense. That’s evidenced by challenger Pinduoduo, commonly known as PDD, which is raising more than […]
A government propaganda app is going viral in China
Besides binge-watching TikTok videos and battling enemies in the magical land of mobile games, many Chinese people may also pass time during the upcoming Lunar […]
