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Singaporean payments startup Thunes rakes in USD 10 million in a GGV-led Series A round

GGV Capital’s portfolio includes notable companies like Alibaba, Airbnb, and Slack.

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MNC also made undiclosed amount of investment to iflix
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Malaysian on-demand video platform Iflix takes investment from Indonesian media giant
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Baidu will build a similar village too.
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‘Tencent village’ in China’s Hainan province expected to be completed next April
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The United States alone accounted for about two-thirds of TikTok’s global revenue.
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TikTok global revenue reached USD 11 million in Q1 2019
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Its parent company also operates the Dianping on-demand food delivery platform.
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Meituan tops 25 million daily orders, 3.6 million merchants
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EVs are slowly driving into Southeast Asia
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Vietnam is getting a non-profit bus service with 3,000 electric buses
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But global industry leaders are locked out of the lucrative Chinese market.
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Chinese smart speaker apps saw 822% hike in installations last year
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About 40% of merchants in areas frequented by Chinese tourists accepted Chinese mobile payments in 2018.
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Tmall International sees sky-high jump in tourism and sales over May holiday
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The big retailer began lagging behind in its digital transformation after founder Huang Guangyu was sentenced to 14 years in prison in 2010
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Gome, once China’s largest retailer, opens a store on Alibaba’s Tmall
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