Economy

Black Friday Sales Mark All-Time-High With Mobile Revenue Exceeding US$1 Billion

US shoppers went all out on the festivity as Black Friday shopping has yet again surpassed its own milestone with an Adobe report tracking US$3.34 billion from the holiday sales.

Phillipines Jollibee Completes Buyout Of Happy Bee In China

Philippines‘ Jollibee buys out partner stake in China-based food Joint Venture Happy Bee for US$10.4 million.

Malaysia’s MaGIC, Uber, And Digi Initiate Ideation Lab – ASEAN’s Next Great Idea To...

Malaysia's MaGIC, Uber and Digi have launched a six-day program for the top 20 shortlisted startups to learn how to develop key aspects of their future business.

New Chinese Bike-Sharing Startup Ubike Raises US$22 Million To Join Heated Market

Chinese Ubike raises US$22 million in Series A funding to get a competitive edge against Ofo and Mobike.

Gfresh Secures US$20 Million From Riverhill Fund And Legend Capital To Import Seafood In...

Startup Gfresh raises US$20 million in its Series A from Alibaba's investment arm, Riverhill Fund and Legend Holding's investment arm, Legend Capital to facilitate the import of seafood into China

Jack Ma Team Ups With Steven Spielberg To Bring Hollywood To China

Alibaba Pictures Group Ltd. is buying a stake in Amblin Partners, the production leaded by Steven Spielberg to cooperate in production, marketing and distribution both globally and in China.
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