The company has already laid off about 1,000 people this year. NewsNio to lay off more than 1,000 employees by the end of September2 mins read
NetEase believes Kaola was “undervalued.” NewsAlibaba’s USD 2 billion acquisition of NetEase’s cross-border e-commerce site is off, reports say2 mins read
About half of the population still do not have access to bank accounts. NewsMobile money soon to be piloted in Vietnam2 mins read
Guangzhou would be among the first cities worldwide to clear infrastructure and regulatory barriers for this new form of urban mobility. NewsChina’s EHang gets serious about bringing drone air-taxis to Guangzhou1 min read
The three-year-old online marketplace GeM allows only government departments to buy products so far. NewsIndian government to take on Amazon and Flipkart with GeM, its own online marketplace2 mins read
However, the lead is tight. Lazada continues to lead in terms of MAU in four of the six surveyed countries. InsightsiPrice report has Shopee down as the most popular shopping platform in Southeast Asia2 mins read
Fitbit beats Apple in the negotiations with Singapore government that could see it supplying trackers to up to one million citizens. NewsUS wearables pioneer Fitbit wins contract with Singapore government3 mins read
Fintech deal volumes in India surpassed China for the first time in the second quarter of 2019. NewsIndia sees record investment in tech startups despite economic headwinds2 mins read
So far, Chinese gamers are unimpressed. NewsValve and Perfect World “closer” to launching independent gaming platform Steam China2 mins read
The VC firm is listed among the top-performing funds in the world. NewsEast Ventures closes sixth fund at USD 75 million2 mins read
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