Luckin Coffee’s fortunes have changed in a flash. Here's a timeline of what happened.
The latest startup deals in Asia: A company raised US$750 million from Sequoia Capital, Visionfund and more.
It has terminated former top execs Jenny Qian and Jian Liu from the board, as well as some 12 employees involved in the fraud.
A livestreamer once sold 15,000 tubes of lipstick in just five minutes.
ByteDance is eyeing a US$28 billion GMV for the new business, according to a report.
The result represents a year-on-year growth of more than 130% for the Chinese tech giant.
Meanwhile, its rival JD.com's stock soared on the first day of trading in Hong Kong.
Pinduoduo's success in China suggests there is a huge opportunity for social commerce platforms to emerge in other regions.
We look at some obvious and not-so-obvious themes that are likely to gain prominence in the new normal.
Meituan-Dianping’s success is partly due to China’s demographic advantages, but there are other factors that Southeast Asian players can emulate.
Which are the startups that are on the path to becoming the next big thing?
It's part of SenseTime’s push into “new infrastructure,” a term that includes smart city infrastructure, among other initiatives.
Shared power banks were once derided as a joke. But Meituan is now entering the market in a big way.
Xiaomi boss Lei Jun revealed his company has started pre-research work for 6G.
A consortium led by Tencent has earlier acquired a 10% stake in Universal Music Group.
The announcement comes after Gome raised US$200 million from Pinduoduo last month.
The new feature comes after Taobao Live saw rapid growth during the coronavirus pandemic.
Expectations are running high as ex-Disney executive Kevin Mayer takes the helm at TikTok. Can he transform the popular app into a global entertainment powerhouse?
It more than doubled its revenue to over US$17 billion from US$7.4 billion in 2018.
It's the largest debt deal by a non-financial company in Asia so far this year, according to industry data.
Marketing budgets have been drastically cut, with traditional advertising campaigns and ad agencies expected to bear the brunt.
The Chinese central bank says there’s still no timetable for an official launch of the digital yuan.
Meituan also warns the health crisis may continue to impact its performance for the rest of the year.
The competition is heating up in China as players encroach on each other’s territories.
It's looking to onboard up to 600 drivers.
These companies are most likely to redefine the status quo in China's financial system.
Duan Yongping, founder of BBK Electronics, is not only a prominent figure in China's investment and tech scenes but also the man behind Vivo and Oppo.
It's expected that the listing could raise up to US$500 million.
Its solution, which has already seen success in the US and China, will soon be available in Japan, Singapore, and Australia.
The company had earlier placed other employees involved in the case on suspension or leave.
The company said it has made "significant progress" in expanding its long-form audio content offering.
Didi president Jean Liu revealed that the company's ride volumes had gone back to about 60% to 70% of its numbers before the pandemic.
The listing could come as early as the second half of the year, sources said.
The firm’s plant-based meat products have been available in more than 3,300 Starbucks locations across China since Wednesday.
With China in the doldrums, it will be an uphill battle to revive the global economy despite the stimulus measures that governments are doling out.
It's Pinduoduo's first strategic investment after it raised US$1.1 billion in a private share placement in March.