Alibaba’s arch rival JD.com spins out its financial services business

 While Alibaba’s Ant Financial fintech affiliate is out doing deals to expand its global presence and raising a…

LeEco slashes India headcount but denies it will exit the country

 Ambitious Chinese tech firm LeEco is downsizing its presence in India less than six months after…

Spotify reaches 50 million paying users

 Thank you to our 50 million subscribers. #Spotify50 pic.twitter.com/eXkOV71bwu — Spotify (@Spotify) March 2, 2017 Spotify…

Klook raises $30M for its Asia-focused travel activity platform

 Klook, a service for finding and booking travel activities, has closed a $30 million Series B…

Chat app Line is developing an AI assistant and Amazon Echo-style smart speaker

 Messaging app Line is taking a leaf out of the books of Amazon, Google and others…

China’s newest source of on-demand hype, rental bicycles, gets its first unicorn

 There can be no hype without a unicorn. China’s newest startup money pit — bicycle rentals on-demand…

China’s Qunar to delist from NASDAQ after completing sale to private equity firm

 Chinese travel site Qunar is all set to delist from the NASDAQ after it completed its…

SoundCloud revamps its subscription service with cheaper $4.99 option

 SoundCloud has rebooted its paid membership plan with a new budget option less than a year after it…