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Mech Mocha is backed by top tier investors including Accel Partners, Blume Ventures, Shunwei Capital, and AET Fund.

Data stolen from the site, which includes sensitive information such as tax registration and national ID numbers, is now being sold online.

“Ant’s valuation is sure to be affected greatly as the microloan business accounted for almost half of the company’s entire profits.”

CapBay claims that since 2017, it has financed more than 9,000 transactions amounting to more than USD 192.6 million and has served over 500 SMEs.

Alibaba co-founder Jack Ma is in possession of 34% of Ant Group’s shares.

Viettel, the country’s largest teleco, publicly said that it will not adopt Huawei’s 5G technology.

Payment services startup Paytm, cab-hailing major Ola, and hospitality giant Oyo have seen their valuations fall over the last few quarters.

Logisly currently serves more than 300 corporate shippers from various sectors, including Unilever, JD.ID, Haier, Grab, and Maersk.

Halodoc plans to expand the offer and considers to launch an online pharmacy for pets.

“Small is beautiful, small is powerful,” Ant Group says on its website.