Malaysian food delivery startup Dahmakan has raised $2.6 million led by Y Combinator, Texas Atlantic Capital, Swiss family office Atami Capital and a former founder of PE Fund APAX Partners with participation from undisclosed existing backers.
Chinese bike-sharing service ofo has secured a $1 billion funding led by Alibaba and set to launch ride-hailing service in China, according to people familiar with the matter cited by Netease News.
Chinese online retailer JD.com has beaten Amazon to the next stage of the shopping revolution by announcing plans to open hundreds of “unmanned” convenience stores.
State-owned department store Sarinah has launched an online store platform, sarinahonline.co.id, in a bid to cope with stiff competition posed by rapidly growing e-commerce businesses.
Emerging markets SVOD service Iflix claimed a milestone 10 billion minutes were streamed across its platform in 2017 – the equivalent of more than 19,000 years of content.
Alibaba is taking final steps to invest up to $100 Mn in XpressBees, a Pune-based logistics firm, according to ETRISE.
WeChat, the most popular messaging app in China, denies on Tuesday that it keeps reading and storing users’ private messages to train its AI, after a top businessman was quoted in media reports as saying he believed Tencent was monitoring everyone’s account.
When it comes to four great Chinese inventions shaping the world’s progress, the unanimous response would be Compass, Papermaking, Gunpowder and Printing from ancient China. But given the rise of the mobile era, do you know about the “Four New Great Inventions” from China today?
oBike, Singapore’s first homegrown station-less smart bike-sharing company, announced plans to launch its own cryptocurrency that customers can mine for while riding a bike—a system that trades in computing power for physical activity.
Mobike, China’s major bike rental company, announced today that it will roll out its first ride-hailing service in Guizhou, marking the firm’s official attempt to expand outside of the bike rental business.