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The 22 affected employees represent 11% of GoBear’s total workforce.

9Unicorns will write the check of USD 100,000 for five to seven percent equity per startups.

The use of financial apps in Indonesia has been increasing by 70% year-on-year.

The company said it would be setting up new technology centers in Bengaluru in India, and in Phoenix and Pittsburgh in the US.

High-performance Chinese device built from 80% commodity parts, many from the US.

The news came shortly after NextPay Holdings announced plans to raise around USD 60 to 100 million in the first quarter next year and go public in 2022. 

With an after-deal valuation of USD 13 billion, Yuanfudao is the most valuable edtech unicorn in China.

Many Chinese households only use streaming for TV, typically paying less than USD 5 a month.

The Korean fund has invested in six startups in Southeast Asia so far, with more to come down the pipeline.

Kuaishou plans to incubate 100,000 businesses and help them achieve USD 146,000 in annual sales within the year.