Plus, Baidu is working on a financial inclusion product together with Agricultural Bank of China. Google-backed growth capital fund CapitalG led Lyft’s funding round.
Indonesia, a promising land for mobile internet and now the fourth largest smartphone market in the world, has recently seen the emergence of three unicorns, thanks to the soaring penetration of their 4G network.
Plus, Thailand's top wireless operator, Advanced Info Service Pcl, seeks to triple subscribers for its fiber-based high-speed Internet service. Netflix acquires Chinese detective drama Day and Night.
Plus, Thailand is to amend a tax law to include e-commerce in order to prevent foreign moguls from creating a monopoly in the country. The total market capitalization for the cryptocurrency market has exceeded $300 billion for the first time.
Plus, LexinFintech, the owner of Chinese online lending platform Fenqile, was reportedly planning to meet advisers last weekend to discuss its proposed U.S. IPO. SGX-listed CapitaLand and China UnionPay reached strategic partnership to enhance the cashless payment capabilities of the app CapitaStar.