Bike-Sharing Firm Ofo Facing Cashflow Issues – Rumoured To Be Acquired By Didi For US$3 Billion
Didi restarted the acquisition talk earlier this month, and it is reportedly coming back with a lower price for every negotiation.
Browsing: China
Young Chinese Upstart Douyin Could Be The Solution In Alibaba’s War With Tencent
Some industry insiders believe that Alibaba will stand to benefit should it acquire Douyin - here's why it would make a good fit for the company.
Grab’s Anthony Tan Shares How He Feels About China, The Government, And Superapps
Grab’s ‘everyday superapp’ vision is a reality in the making as the O2O firm unifies Southeast Asia.
China’s Meituan To Take On WeChat – Now This Tencent-Backed “Super App” Is Worth US$30B
Once known as the Chinese equivalents of Groupon and Yelp, Meituan and Dianping merged in 2015 to become a super-platform for services.
Ex-Foreign Minister George Yeo To Be Independent Director Of China’s US$15B Startup Pinduoduo
The Shanghai-based e-commerce firm trusts that Yeo will be able to provide professional advice to the company regarding platform governance.
Interview With Bigo: How A Chinese Live-Streaming Service Successfully Replicated Itself In Southeast Asia
"We want to scale up Bigo Live first. We need to have a large user base and a viable business model to make sure our platform has sustainable development." - Bigo Live's director
Rumour: Baidu-Backed Company In Talks To Invest In iflix
China’s iQiyi is rumoured to be in talks with iflix for a potential investment in the latter. iQiyi, backed by Chinese search and AI company Baidu, is one of the largest online streaming services in its home market.
S’pore Companies Looking To Enter China’s US$4.7B Retail Market Can Now Do So In Under 3 Months
Kinofy allows brand owners to establish their own shop on WeChat, facilitating the ease of entry for foreign brands into China's consumer market of over 1 billion shoppers.
DPM Tharman: There’s No Strong Reason Why Singapore Should Ban Cryptocurrency Trading
"Cryptocurrencies are an experiment. The number and different forms of cryptocurrencies is growing internationally. It is too early to say if they will succeed," said DPM Tharman.
From Burning Off Her Brows To Meeting Jack Ma – All In A Day’s Work For Ms Yeah
We hosted a celebrity in our office last week and set our hands on fire. But flames aside, here's how she told us about being a hot sensation.
Huawei Has Just Unveiled Its Mate 10 Series – To Be Released In Singapore Late October Onwards
The Huawei Mate 10 series are the first devices powered by the new Kirin 970 processor, delivering AI enhancements for a faster mobile experience.
Say ‘Bai’ To Other Bike-Sharing Firms: Xiaomi-Backed Baicycle To Roll Out In S’pore By End 2017
Backed by Chinese electronics firm Xiaomi, bike-sharing service Baicycle is expected to make its debut here by the end of the year.