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Thousands of employees of Dali Education, ByteDance’s edtech division, are being laid off.

The ten-year-old startup has become the 20th firm to turn into a unicorn this year, and the eighth Indian B2B SaaS platform to enter the billion-dollar club.

With a record number of Indian startups becoming unicorns this year and around a dozen preparing to go public, the availability of venture capital in the market has shot through the roof.

China Venture Roundup Volume 47 covers China’s investment activity from July 26 to August 1, 2021.

As of June, the digital yuan was used in RMB 34.5 billion (USD 5.34 billion) worth of transactions across retail, public transportation, utility bill payments, and government services.

The Indonesia Stock Exchange overhauled its rules to entice regional tech companies to float shares in Jakarta.

China’s chip-making champion gains momentum as the global semiconductor shortage persists.

The Tencent-backed supermarket chain is trying to recover an edge after losing out to internet giants in the grocery market.

A career in ETF distribution for wealthy clients and time with Indian grocery startup Grofers shaped Dhruv Arora’s idea to build a widely accessible wealth management platform.

Vietnamese telehealth companies pitch in with free consultation services when movements in public places are restricted.