IF Insights: Shein finally lists, and Hong Kong marks it down
While the fast fashion giant raised USD 1.74 billion at a quarter of its old valuation, the tepid reception says more about the end of duty-free parcels...
Tag : Tencent
Unitree IPO puts a price on China’s humanoid robot bet
The Hangzhou firm's record Shanghai listing has drawn frenzied retail demand, and a queue of rivals is forming behind it...
IF Insights: Baidu’s Ernie chatbot & China’s AI test
OpenAI's success has invited rivalry from other tech giants like Google, Amazon, Meta, Baidu and Tencent...
Paysend and Tencent partner up to create Weixin transfers
The venture will allow people to receive money through Weixin...
Chinese ride-hailing giant Didi suspends UK expansion plans
The plan to launch in the UK as well as Europe is now postponed by at least 12 months...
Voyager Innovation raises $167 mn to fast-track financial inclusion in the Philippines
Investors that participated in the funding round include PLDT, KKR, and Tencent among others...
Gojek raises $300 mn in a fresh funding round amid merger talks
The funds are being raised from Telkomsel, a unit of Indonesia’s largest telecom operator Telkom...
Chinese crackdown on fintech firms continue
Authorities summoned 13 fintechs recently and ordered them to strengthen compliance with regulations...
Tencent deploys its cloud infrastructure in Bahrain
The Middle East’s cloud market is expected to reach $4.5 bn by 2024...
Tencent invests in Chinese healthtech firm DXY
The startup secured $500 mn in a funding round led by Trustbridge Partners...