On-demand Services

But the company still managed to beat analyst revenue expectations.

Indonesians are building platforms to distribute protective equipment, direct peer-to-peer donations, and offer free courses during the COVID-19 crisis.

The on-demand delivery giant is expanding to other local life services as it aggressively marches into the power bank sharing business.

The layoff plan will affect about 500 employees in charge of research and development.

“The decision is out of my expectations,” said Luckin’s chairman Lu Zhengyao.

The COVID-19 lockdown increased membership revenue but stunted advertising revenue for iQiyi.

The new batch’s startups offer services to F&B businesses whose revenue has dropped because of the COVID-19 pandemic.

An expert in transport and logistics services, Guo Jinyi will look to steady the crisis-impacted firm navigating a fraud investigation and investor run.