The initiatives will focus on helping SMEs regain lost ground Superapp Alipay will be rolling out a host of initiatives to support small businesses in Wuhan, with a national rollout planned for later, a statement from the company announced this week. Small businesses across the world have been hit severely by the COVID-19 pandemic, and […]

With the latest investments, Swiggy’s valuation stands at US$3.6 billion while Zomato is now valued at US$3.2 billion Food delivery app Swiggy has raised an additional US$43 million in its ongoing Series I funding round led by China-based Tencent, according to a company statement on April 6, 2020. Ark Impact, Korea Investment Partners and Mirae

SafetyCulture’s latest financing round ups its valuation to AU$1.3 billion With fresh funding of AU$60.5 million (US$35.5 million), SafetyCulture is Australia’s newest unicorn. The Series C-1 raise puts the security software developer’s valuation at AU$1.3 billion (approximately US$800 million), the company said on its official blog. Australian investment firm TDM Growth Partners led the round.

Luckin’s shares fell more than 83% over the last week, wiping out 75% of its market cap Luckin Coffee, a China-based coffee chain listed in the US stock exchange, has made a remarkable journey since its inception in October 2017. It competes with Starbucks in China and has followed a money-is-no-object approach to capture market