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Hellobike, survivor of China’s bike-sharing craze, goes electric

Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the...

Kabbage secures $200M to fuel its AI-based loans platform for small...

Kabbage, the AI-based small business loans platform backed by Softbank and others, is adding more firepower to its lending machine: the Atlanta-based startup has...

Warburg Pincus announces new $4.25 billion fund for China and Southeast...

Warburg Pincus, the private equity fund with over $60 billion under management, is doubling down on Asia after it announced a $4.25 billion fund...

Splyt wants to connect the world’s ride-hailing apps for easy international...

The vision of a universal global ride-hailing service is over. Uber’s decision to exit markets like China, Southeast Asia and Russia coupled with the...

Carrefour sale shifts the balance of power in China’s new retail...

Hot on the heels of Amazon’s decision to shutter its local marketplace, Carrefour — another global commerce giant — is switching up its approach...

Alibaba proposes share split ahead of reported $20B Hong Kong IPO

Alibaba is being heavily linked with a public listing in Hong Kong, which could reportedly happen in Q3 and raise up to $20 billion....

Tencent CEO warns companies must keep innovating to survive amid US-China...

On Tuesday, Tencent’s usually low-profile founder and CEO Pony Ma made rare comments to weigh in on escalating tensions between the United States and...

A young entrepreneur is building the Amazon of Bangladesh

At just 26, Waiz Rahim is supposed to be involved in the family business, having returned home in 2016 with an engineering degree from...

Alibaba-backed facial recognition startup Megvii raises $750 million

One of China’s most ambitious artificial intelligence startups, Megvii, more commonly known for its facial recognition brand Face++, announced Wednesday that it has raised...

Ruhnn, a Chinese startup that makes influencers, raises $125M in U.S....

Ruhnn, a company that enables influencers to sell through e-commerce and is plotting to change the face of China’s fashion industry, has raised $125...