Shopee will require sellers to ship non-long-tail orders within one working day starting July 21. Sellers will receive a two-month grace period to ease the transition, during which cancellation rules ...

TPG Angelo Gordon is backing a loan in a new debt package for Elon Musk’s AI firm xAI. Marketed by Morgan Stanley, the financing includes senior notes and floating-rate loans, with commitments due ...

Douyin has surpassed three million monthly users in Hong Kong, or 40% of the population, marking a 150% increase since 2022. The growth comes as ByteDance prepares to expand the app’s e-commerce tools ...

Xiaohongshu, known internationally as RedNote, hit a USD 26 billion valuation in Q1 2025 secondary trades, up from USD 20 billion, per GSR Ventures filings. The lifestyle-focused social networking app ...

Singapore-based digital wealth firm Syfe has raised USD 80 million in Series C funding, comprising USD 53 million in new equity (Series C2) and USD 27 million secured in August 2024 (Series C1). The ...

The digital wealth platform is riding fresh capital and new hires as it scales across challenging investor terrain in the ...

With USD 147 million raised, Bolttech is pushing further toward its goal of embedding insurance into everyday experiences.

CATL repurchased 6.64 million A-shares for RMB 1.55 billion by May 31 under a buyback plan of up to RMB 80 billion. The shares were acquired via centralized bidding on the Shenzhen exchange, priced ...

Chinese cloud tech firm Xunlei has completed its RMB 500 million acquisition of Kuanghui, the operator of Hupu. The deal includes an upfront payment of RMB 400 million, with the remainder to be paid ...

Nebius Group will raise USD 1 billion through convertible notes due in 2029 and 2031 to support AI infrastructure expansion. The proceeds will fund computing power and data center growth. The notes, ...

The first trilateral summit included discussions on establishing a regional business council for trade and investment.

Pop Mart’s Labubu toys have sparked long lines and sold-out shelves in Dubai, Abu Dhabi, and Sharjah following the launch of its “Big Into Energy” series. The craze has spread across the UAE and into ...