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Last week Zomato also announced cutting 13% of its total workforce.

Fore Coffee CEO Elisa Suteja said that it closed several outlets for Ramadan and that it is selling assets.

A total of 15 million companies have joined Dingtalk, according to the platform’s CEO Chen Hang.

A survey found that 5.4% of tech firms experienced job cuts while 12.9% have reduced contractors, interns, and part-time employees.

Bytedance is a latecomer in the IoV sector filled with players including Alibaba, Tencent, and Baidu.

Since the online insurance was introduced in April 2020, around 222,000 users have signed up for the services.

General Atlantic is the fourth investor to come on the cap table of Jio Platforms in the past four weeks.

Oppo now accounts for 2% of the European market after experiencing 10-fold growth in the first quarter amid countrywide lockdowns due to the pandemic.

KoinWorks CEO Benedicto Haryono said the additional funding is aimed at strengthening digital SMEs in Indonesia.

The company’s digital payment services have been used by more than one-third of the country’s population.