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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....

China says apps should get user consent before tracking

Chinese regulators might follow the European Union’s lead to make life harder for internet companies such as TikTok that closely track behavior of their...

Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series...

Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached...

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...

China’s grocery delivery battle heats up with Meituan’s entry

Fast, affordable food delivery service has been life-changing for many working Chinese, but some still prefer to whip up their own meals. These people...

Cross-border fintech startup Airwallex raises $100M at a valuation of over...

Australia-based Airwallex is the latest tech startup to enter the billion-dollar ‘unicorn club.’ The company announced today that it has closed a $100 million...

Camera maker Insta360 raises $30M as it eyes 2020 IPO

Insta360, one of the pioneers in making 360-degree cameras, just raised $30 million in a Series C+ funding round from Chinese investors including Everest...

China wants its rural villages to go cashless by 2020

Residents of even the tiniest far-flung villages in China may soon be able to pay on their phones to run daily errands as Beijing...