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For Q4 2020, the firm reported a 91% year-on-year increase in revenues, while the net loss widened to USD 129.3 million.

Indonesian investment platforms are seeing increasing interest from investors.

Almost half of the Chinese netizen population, or about 490 million customers, had ordered food online in 2020.

IvyCap will begin investing in Southeast Asian startups this year, utilizing the IIT alumni network in the region.

The pandemic has sapped the income of gig workers in Indonesia. Yet, there are opportunities in the digital economy for those who switch gears quickly.

Despite regulatory concerns and intense competition, Meituan is doubling down on its community group-buying business.

The company is targeting a revenue of USD 1 billion in the financial year 2020-21.

Online channels grabbed a 20% share of the market.

Ola is building the world’s largest two-wheeler manufacturing plant, which plans to churn out ten million EVs by 2022.

In 2020, Bigo generated more revenue than YY Live, said founder and chairman David Xueling Li.