The Weekly Snapshot: News from Luckin Coffee, Grab, Pinduoduo, and more

Luckin Coffee confirmed US$300 million in fabricated revenue, ecommerce startup Leflair’s CEO was summoned by the Ho Chi Minh City police, and Pinduoduo and Grab saw some movement in their leadership teams.

Photo credit: Luckin Coffee

Hear the details on all these stories and more on this week’s episode of The Weekly Snapshot.

Timecodes:

00:00 – Intro music
00:15 – Luckin Coffee confirms $300m in fabricated revenue
01:09 – Pinduoduo names new CEO in management reshuffle
01:56 – Tencent isn’t slowing down this year
02:47 – Grab’s CTO for its core tech and transport business steps down
03:44 – Vietnam police summon Leflair CEO
04:49 – Thai billionaire heir’s Eko announces acquisition, new parent firm
06:52 – Byju’s said to hit US$10.5 billion in valuation
07:17 – Intel is Jio Platforms’ newest investor with US$253 million injection
08:05 – Popsical bags US$5 million to bring a “Spotify for karaoke” to Southeast Asia
08:56 – TurtleTree Labs secures US$3.2 million to bring its cell-based milk to the market
09:35 – Robotics startup Botsync raises seed funding to automate supply chains

Download the full transcript here.

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