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19-Jun-19 Popular short-form video app TikTok, developed by China's ByteDance, has been slowly ramping up its advertising strategy. However, the company still generates revenue from in-app purchases, and that number hit a high of USD9 million in May 2019. [image: TechCrunch]
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18-Jun-19 7-Eleven Vietnam is using Domo’s cloud-based platform to integrate all supply-chain data, from warehouse to point-of-sale, as a "single source of truth". The platform's insights have helped 7-Eleven reduce write-off expenses by 25%, by identifying inefficiencies and optimising processes. [image: Vietnam Investment Review]
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06-Jun-19 Didi Chuxing, China’s largest ride-hailing platform, is entering Chile and Colombia as it eyes overseas expansion amid stiffer competition at home. The move follows its foray in to Brazil, Mexico, Australia and Japan over the past year or so.
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18-May-19 Chinese investment in Latin America increased by over USD15 bn in the first half of 2018. Although only Ecuador and Venezuela are part of the Belt and Road Initiative, Brazil and Argentina have also received investments from Chinese tech companies.
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15-May-19 Indian online grocery delivery start-up Grofers has secured USD200 mn from investors led by SoftBank’s Vision Fund, in the USD100 bn investment vehicle’s latest bet on India's technology sector. Grofers claims to have achieved annual revenue of USD400 mn. [image: Reuters / Issei Kato / File Photo]
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