Wednesday, October 2, 2019

India-based Udaan, which operates a B2B marketplace, says it has closed $585M Series D from Tencent and other investors; source says at $2.3B-$2.7B valuation (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
India-based Udaan, which operates a B2B marketplace, says it has closed $585M Series D from Tencent and other investors; source says at $2.3B-$2.7B valuation  —  Udaan, a three-year-old business-to-business e-commerce platform in India, has raised more than half a billion dollars …



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...