China-Asia Ecosystem Newsletter - September 2020

Alibaba has unveiled its first logistics robot for more efficient last-mile delivery, officially entering the robot competition with other e-commerce players.

The Covid-19 pandemic could be accelerating Hong Kong's transformation into a cashless society. Visa has already seen its ecommerce transactions rise.

Alibaba and Tencent spotted an opportunity that they couldn’t pass up: the country’s growing and aging car fleet.

Payfazz, which aims to become Indonesia’s version of Paytm, claims that it’s on track to process US$2.2 billion in transactions this year.

The ride-hailing major Grab is seeking to raise US$300 million to US$500 million as it aims to expand its financial unit.

Lightspeed Venture Partners will be expanding into Southeast Asia with plans to deploy US$4 billion into the region’s enterprise and consumer sectors.