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

0
14
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.

Ecommerce

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

To see the full content, share this page by clicking one of the buttons below