Asia news roundup: Trax banks $125m, Chinese IPOs galore, and more

Image recognition robot in-store

Freight, a robot that uses Trax image recognition technology to analyze in-store product placement / Photo credit: Trax

It’s Monday – here’s what happened today and over the weekend.


Chinese ecommerce pretender files for US$1 billion IPO in the US (China). Ecommerce website Pinduoduo announced plans to raise US$1 billion by listing in the US. The startup provides a “social ecommerce” experience, floating deals to users and then getting them to group-buy items at reduced prices. Backed by Tencent and Sequoia, Pinduoduo has surpassed JD in terms

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