The company aims to expand its presence by 2X to reach 200 cities and localize experiences.
Xiaomi obliterated months of rumors and blind guesses today by confirming a new US$1.1 billion round of funding.
The round is led by All-Stars Investment, a tech fund run by ex-Morgan Stanley analyst Richard Ji.
A whopping funding round for Asia's Spotify could help it strengthen its on the music streaming space in Southeast Asia
Can Flipkart be India's Amazon? That's a moot point as Flipkart has another benchmark. US$1 billion funding puts it in the same position as Alibaba in 2005.
Chinese gaming community YY has been having a good time since it debuted on the market (NASDAQ:YY) a couple weeks ago. It’s up over $13 a share now, and apparently someone in Singapore saw this coming...