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.

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 have launched a six-day program for the top 20 shortlisted startups to learn how to develop key aspects of their future business.

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

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

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.