India’s largest baby products retailer Firstcry (Brainbees Solutions Pvt Ltd) is reportedly in talks to several investors to raise up to $100-150 million. According to people aware of the development, the Mahindra group-backed retailer has revived talks with Singapore state investment firm Temasek Holdings.
India’s food-delivery startup Swiggy announced yesterday that it had grabbed $210 million for its newest Series G funding, valuing the startup at $1.2 billion and making it the newest entrant of India’s unicorn club.
On June 18 evening (EDT), U.S. President Donald Trump announced another tarriff on $200 billion worth of imports from China; Ministry of Commerce in China responded immediately saying “it is blackmail and an extreme threat.”
On June 18, JD.com announced a strategic investment of $550 million from Google and an establishment of a broad strategic partnership between both parties.
Didi Chuxing (“DiDi”) announced that it will be launching DiDi Express on June 25 in Melbourne, after a month of pilot operations in Geelong.
Chinese video game developer, Perfect World announced on June 12 that it will be working with U.S. counterpart, Valve Corporation in order to bring gaming platform Steam to China through a “Steam China” project.
Trump’s New Visa Policy Closes the Door on Highly-Educated Scientists
The Asian edition of the popular Consumer Electronics Show will open its doors for the 4th time in Shanghai tomorrow at CES Asia 2018. The exhibition will span three days from June 13 – 15 and showcase the newest technologies by over 500 companies from 80 countries.
On Thursday June 7, U.S. Secretary of Commerce Wilbur Ross announced a new agreement with Chinese telecommunications company ZTE Corporation that will replace the earlier suspended denial order imposed by the Commerce Department’s Bureau of Industry and Security (BIS).
On June 7, Walmart China and Tencent jointly an in-depth strategic partnership in future digital retail.