Economy
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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.
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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.
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Malaysia’s MaGIC, Uber, And Digi Initiate Ideation Lab – ASEAN’s Next Great Idea To Groom Selected Startups
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.
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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.
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Gfresh Secures US$20 Million From Riverhill Fund And Legend Capital To Import Seafood In China
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
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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.
