Despite robust growth, Sea reported net losses to the tune of USD 433.7 million in the second quarter, up 10.2% YoY.

As a brightly lit antithesis of the junta, the NUG is hoping to reinvent the country with a series of tech initiatives.

Ant Group has scrapped its plans to acquire a minority stake in Wave Money for USD 73 million.

Crypto is now mainstream in Southeast Asia, with DBS, the region’s largest bank, providing digital payment token services.

Overall sales for smartphones grew 49% compared to the same period last year, as they are used for essential activities like home-based learning and electronic payments.

“The oversight board should encourage Facebook to implement a more sophisticated, proactive, and educational response,” said Oliver Spencer, a representative of Free Expression Myanmar.

Cloud kitchens are expected to represent a 15% share of the overall Indonesian online food delivery industry GMV by the end of 2021.

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