Shein to file for London IPO at $64b valuation: report
Tech in Asia » China
by Miguel Cordon
2w ago
If the IPO materializes, Shein could become the second-highest valued Chinese unicorn, behind ByteDance ..read more
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ByteDance beefs up legal prowess with ex-Warner Bros exec hire
Tech in Asia » China
by Miguel Cordon
2w ago
During his time with Warner Bros., John Rogovin had legal oversight over the media giant's global operations ..read more
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Tencent orchestrates $70m deal for 10% share in Thailand’s GMM Music
Tech in Asia » China
by Miguel Cordon
2w ago
The music publishing unit of media and entertainment conglomerate GMM Grammy, will be valued at around US$700 million after the deal ..read more
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TikTok hits brakes on ecommerce expansion in Europe to focus on US growth
Tech in Asia » China
by Miguel Cordon
2w ago
Earlier this year, TikTok said it aims to grow its online shopping arm to become a US$17.5 billion business, Bloomberg noted ..read more
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Chinese AI tutoring apps take over US learning space
Tech in Asia » China
by Samreen Ahmad
3w ago
Question AI has been downloaded 6 million times in the US, while ByteDance's Gauth has garnered 12 million installs, reported TechCrunch ..read more
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Alibaba looking at $5b raise through bond issuance: report
Tech in Asia » China
by Lokesh Choudhary
1M ago
The move echoes that of rival JD.com, which plans to issue convertible notes to raise US$1.75 billion, Bloomberg reported ..read more
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Pinduoduo more than doubles revenue, grows operating profits by 275% in Q1
Tech in Asia » China
by Miguel Cordon
1M ago
The company's cash, cash equivalents, and short-term investments hit US$33.5 billion as of March 31 ..read more
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ByteDance’s ChatGPT-like bot now leading in China
Tech in Asia » China
by Samreen Ahmad
1M ago
Doubao was the most downloaded AI bot on iOS in the year through April, collecting 9 million downloads, reported Bloomberg ..read more
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Didi co-founder resigns as president, board director
Tech in Asia » China
by Samreen Ahmad
1M ago
Jean Liu will now transition to a new position as "permanent partner," where she will retain her current responsibilities, Reuters reported ..read more
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JD.com’s revenue growth steady as income from operations rises
Tech in Asia » China
by Simon Huang
1M ago
Its revenue of US$36 billion for the first quarter of this year was up by 7% from Q1 2023.  ..read more
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