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BUSINESS
Chinese fast fashion ecommerce player Shein could be valued at $100B after raising $1B
With e-commerce booming in the modern era and becoming a $1 trillion industry by 2025, it is not surprising that players in the sector will scale to great…
BUSINESS
Prosus sold 2% of Tencent stock in largest block trade deal since 2018, nets $14.6Bn: Report
Amsterdam-based Prosus, the international internet division arm of Naspers, pocketed an amount of $14.6 billion after it sold 2% of its stake in Tencent, the Chinese social media…
BUSINESS
China launches antitrust investigation against Jack Ma’s Alibaba
Jack Ma’s troubles, for the criticism that he showered on China’s communist government, seem to have just begun. Alibaba Group, the Chinese e-commerce behemoth that made Ma the…
CHINA
China’s latest crackdown on social media results in over 9800 accounts being blocked
In what is perhaps one of the biggest crack downs that the Chinese Government has involved itself in on the internet in recent time, country’s top cyber regulator…
