April 04, 2022
Venture Capital Firm Sequoia Capital Names New Leader
Sequoia Capital, one of the oldest and most successful venture capital firms, is changing up its leadership, a Financial Times report said Monday (April 4). The firm is known for...
March 21, 2022
Chinese eCommerce Platform Pinduoduo Posts Increase in Net Income
Chinese eCommerce startup Pinduoduo, which is also China’s largest agriculture platform, reported a 3% increase in revenue for the fourth quarter and a 46% increase in gross merchandise value (GMV)...
February 21, 2022
CE100™ Index Slips 3.31% as Fastly, Roblox Lose Ground
The CE100 slipped by 3.31% last week with players such as Fastly and Roblox losing more than a quarter of their stock value. In this week’s update, PYMNTS takes an...
August 24, 2021
Chinese eCommerce Giant Pinduoduo Sees 30 Pct Jump In Users
The Chinese eCommerce giant Pinduoduo saw a jump in monthly active users and active buyers over the past year, according to the company’s second-quarter financial results. In a statement released...
August 17, 2021
China Steps Up Tech Regulation & Stocks Plummet
On Tuesday China moved to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies’ handling of critical data, reported Bloomberg. After the government...
August 09, 2021
Government Regulations Spark Fall Of China’s Tech Moguls
The richest man in China — Zhong Shanshan, founder of bottled water consortium Nongfu — has a low profile and few headlines, even though he knocked Alibaba and Ant Group...
July 08, 2021
China Tells eCommerce Platforms To Remove Fake Report Merchants
China’s market regulator is asking some eCommerce firms, like Alibaba-owned Taobao and Pinduoduo, to remove online shops with false quality reports, U.S. News reported. In addition, the State Administration of...
June 23, 2021
Grocery Delivery Company Dingdong Pegs IPO Valuation At $6B
Chinese grocer Dingdong is setting its sights on getting a $6 billion valuation when it goes public in the U.S. The company, which is backed by Japan’s SoftBank Vision Fund...
April 19, 2021
Meituan Seeks $10 Billion To Compete In Chinese Grocery Wars
The Chinese delivery leader Meituan is aiming to raise roughly $10 billion to compete with companies like Alibaba. According to Bloomberg, Meituan is looking to raise this revenue by selling...