Failed smartphone CEO turns to e-commerce livestreaming

By Wei Sheng

Luo Yonghao, the founder of struggling Chinese smartphone maker Smartisan, announced Thursday he is embarking on a new business endeavor: an e-commerce livestreaming business selling gadgets, groceries, and snacks.

Why it matters: Luo is an int…

Farmer-focused B2B app eyes $500 million in new funding

By Emma Lee

Jul 11, 20191 min read Image credit: MeicaiMeicai, the Chinese app that allows farmers to sell their produce directly to restaurants, aims to raise at least $500 million in new funding to fuel expansion in China’s costly fresh-foods market, Bloomber…