Dmall Co News Today

Editor’s take: The week that was — Feb 15-20 February 21, 2021 It’s been known for a long time that there were cracks emerging at the Philippines-based prefabricated housing construction firm Revolution Precrafted. This week, the controversies regarding the luxury builder took a new turn when the country’s National Bureau of Investigation, acting on a complaint by contractors and suppliers, decided to probe the company. The complainants said they were duped by the firm, which allegedly...

Chinese e-commerce platform Dmall said to plan $500m US IPO this year February 18, 2021 Beijing DMall E-commerce Co., an online retail service provider backed by Chinese supermarket Wumart Group, is planning an initial public offering in the U.S., according to people familiar with the matter. Beijing-based Dmall is working with advisers and is aiming to list as soon as the second half of this year, the people said, asking not to be named because the matter is private. The firm could raise abo...

Didi’s group-buying unit mulls raising $4b to boost growth plans REUTERS/Kim Kyung-Hoon Premium Chinese ride-hailing giant Didi Chuxing’s community business is considering raising $4 billion to boost its growth amid increasing demand for group-buying delivery services, according to people familiar with the matter. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up f...

Tencent invests $100m to boost stake in grocery app Xingsheng Youxuan Photo: Pixabay Premium Tencent Holdings Ltd. has increased its stake in Xingsheng Youxuan, investing $100 million in the Chinese online grocery startup at a valuation of about $5 billion, according to people familiar with the matter. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newslette...