Polibeli targets SPAC listing using Chenghe Acquisition II Co., with Asia in its sights
Chenghe Acquisition II Co. shareholders will vote later this month on a merger with the Asia-focused B2B e-commerce company Polibeli Key Takeaways: Chenghe Acquisition II Co. hopes to soon complete…
Beaten down PDD ends 2024 with Southeast Asian setbacks
The e-commerce giant’s Temu overseas arm, along with fast-fashion sensation Shein, have been ordered to suspend their operations in Vietnam Key Takeaways: After being blocked in Indonesia, PDD’s overseas Temu…
PODCAST: China Talks with EU on EV Tariffs, and Indonesia Eyes Temu Ban
China and the EU are trying to reach a deal to avoid EU tariffs on Chinese EVs. And Indonesia asks Apple and Google to evict China's popular Temu e-commerce app.
FinVolution’s low-key overseas expansion pays dividends
The fintech lender’s overseas revenue surged in the first quarter, outshining mediocre results for its core China-based business Key Takeaways: FinVolution’s revenue from its overseas businesses surged 165.8% in the…
OneConnect’s New Win in Promising Indonesian Market Fails to Impress Investors
Technology as-a-service provider’s shares dropped more than 3% on the day it announced a new business contract with PT Bank Mayapada Key takeaways: • OneConnect signs new partnership to assist…
