Tencent

LemonBox, which brings US vitamins to Chinese consumers, raises $2M

LemonBox, a Chinese e-commerce startup that imports vitamins and health products from the US, has raised $2 million to develop its business. The company graduated from Y Combinator’s most recent

What China searched for in 2018: World Cup, trade war, Apple

Soon after Google unveiled the top trends in what people searched for in 2018, Baidu published what captivated the Chinese in a parallel online universe, where most of the West’s mainstream tech

China’s second-largest gaming company to sell comics assets to rival

China’s online youth entertainment platform Bilibili said it has agreed to buy major assets from the comics arm of gaming giant NetEase, which helped introduce Marvel’s first batch of Chi

China’s Tencent Music raises $1.1 billion in downsized US IPO

Tencent Music, China’s largest streaming company, has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 apiece ahead of a listing on the NYSE today. That makes it one of the la

Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised a $1.1 billion Series G round led by the SoftBank megafund and Alibaba. SoftBank and Alibaba ar

A Chinese e-commerce app that lures grocery shoppers with cash just raised $100M in Series B

There is no shortage of up-and-comers jostling for a spot in China’s massive e-commerce industry, and oftentimes they pick a niche market and present a novel business model different from the e

China’s JD.com teams up with Intel to develop ‘smart’ retail experiences

Months after it landed a major $550 million investment from Google, China’s JD.com — the country’s second highest-profile investor behind Alibaba — has teamed up with another U

Tencent Music sued by investor ahead of $1.2 billion US IPO

China’s largest music streaming service has had a whirlwind year. With 800 million monthly users across multiple apps and a profitable business, Tencent Music Entertainment is gearing up for one

Tencent-backed fleet manager G7 racks up $320M in funding

A sizable funding round is poised to heat up a race to automate China’s logistics infrastructure. Beijing-based fleet management company G7 announced on Monday that it has banked $320 million t

Payment service Toss becomes Korea’s newest unicorn after raising $80M

South Korea has its fourth unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new rou

Mogu’s long journey: From rejecting Alibaba’s advances to US IPO

Mogu, a Tencent-backed service that offers fashion content and products to young women, has joined a string of Chinese tech companies pressing ahead to sell their shares through initial public offerin

JioSaavn becomes India’s answer to Spotify and Apple Music

India finally has its answer to Spotify after Reliance Jio merged its music service with Saavn, the startup it acquired earlier this year. The deal itself isn’t new — it was announced bac

Alibaba replaces video streaming boss amid anti-corruption probe

A top-level reshuffle is sending shockwaves across one of China’s biggest online video businesses. Yang Weidong has stepped down as the president of Alibaba’s video streaming unit Youku, t

Tencent Music moving ahead with its $1.2B US stock market debut

Tencent Music Entertainment’s initial public offering is back in motion, two months after the company reportedly postponed it amid a global sell-off. In a regulatory filing today, the company, China

Investors still don’t understand the fundamentals of US/China relations

This weekend, Presidents Donald Trump and Xi Jinping agreed to something of a détente around American tariffs on Chinese goods. Stocks across Asia swooned, for reasons that make no sense to me. Plus,

Robot couriers scoop up early-stage cash

Much of the last couple of decades of innovation has centered around finding ways to get what we want without leaving the sofa. But there’s a catch: We can't lie around ordering pizzas if someone st

China’s iQiyi to offer $500M convertible note as content costs balloon

Chinese video streaming service iQiyi is raising new cash as it feels the squeeze from surging content costs. The video business, which is owned by China’s online search giant Baidu, said on Wed

Philippines fintech business Voyager raises $215M in Tencent-led round

One of the year’s largest fintech investments in Southeast Asia has closed after Philippines-based Voyager announced it raised $215 million. The bulk of the deal comes via a previously announc

SimbaPay launches Kenya to China payment service over WeChat

Forging another link between Africa and China's digital economies, the African-focused money transfer startup SimbaPay and Kenya’s Family Bank have launched an instant payment service from East-

China leaves Huawei founder off honor roll marking 40 years of economic success

In the lead up to China’s 40th anniversary of reforms and opening up, People’s Daily, the mouthpiece of the ruling Communist Party, published a list on Monday commending 100 extraordinary
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