In a battle between two giants of ride-hailing and payments, Grab beat out Go-Jek to lead a $100 million fundraising round for the Indonesian government-backed e-wallet provider LinkAja. ( read original story ...)
Chinese e-commerce giants come to rescue of ailing property sector, step up sales of discounted homes on Singles’ Day
Some of China’s biggest e-commerce platforms are teaming up with property developers to sell homes at discounts during this year’s Singles’ Day shopping festival. ( read original story ...)
Ant Group’s IPO identity crisis: Is it a bank or a tech company?
You’d be excused for having missed major Chinese tech news that broke last week on U.S. Election Day: Ant Group, two days before what would have been the biggest IPO in history, had its Shanghai ... ( read original story ...)
China Market Update: Revenge Of The Value Nerds As Singles Day Kicks Off
Asian equities were mixed with Japan, Singapore, Malaysia, and Thailand outperforming while Mainland China and Taiwan lagged. Growth/WFH names are being smashed globally to fund reopening/value stocks ... ( read original story ...)
US stock futures mixed hours before opening bell as Dow, S&P higher, Nasdaq trending downward
Asian stock markets rose for second day Tuesday on hopes for progress toward a possible coronavirus vaccine that might allow the world to revive manufacturing, shopping and normal life. ( read original story ...)
Ping An: China’s SMEs Need Financial and Technological Boost for Digital Transformation
HONG KONG and SHANGHAI, Nov. 10, 2020 /PRNewswire/ -- Ping An Insurance ... for Macroeconomy has found China's small and medium-sized enterprises (SMEs) need a financial and technological boost to ... ( read original story ...)
Top 10 global 5G markets
China took sixth place in the top 10 5G markets in the world, with South Korea ranking first for 5G deployment, followed by Switzerland and Kuwait at second and third according to Omedia's Global 5G ... ( read original story ...)