January 21, 2019
Hackers Steal Discount Vouchers From Pinduoduo

Pinduoduo, the Chinese Nasdaq-listed Internet marketplace that lets consumers get discounts from merchants, announced Sunday (January 20) that an online collective stole tens of millions of yuan worth of discount...

January 03, 2019
Lightspeed China Partners Raises $560M To Invest In China Tech...

Lightspeed China Partners announced Thursday (Jan. 3) that it completed fundraising for its fund family IV, raising $560 million. In a press release, Lightspeed China Partners said that $360 million is...

August 01, 2018
China Launches Inquiry Into Fake Goods On Pinduoduo

Regulators in China have reportedly launched an investigation into Pinduoduo following on the heels of media reports that third-party vendors are selling fake goods on the marketplace. According to a...

July 28, 2018
The Shopper’s Brain On Bargains

Everyone loves a bargain, and there is something uniquely satisfying about not only getting whatever product one is after, but also getting it for a really, really low price. This is why...

June 05, 2018
Ant Financial Changes Focus To Technology Services

Amid China’s crackdown on financial risk, Ant Financial is moving away from consumer finance and payments. Instead, it is honing in on technology services, CNBC reported. The decision was partly...

May 21, 2018
Ant Financial Says No To Those Who Invest In Competitors

Jack Ma’s Ant Financial Services Group is set to close a $10 billion private fundraising round that would value the company at $150 billion. The company has been preparing to...

April 27, 2018
China’s ‘Little Red Book’ Seeks $200M Investment

As it seeks to speed up its eCommerce expansion, China’s Xiaohongshu or “Little Red Book” is seeking new funding. According to people familiar with the matter, Xiaohongshu wants to raise...