The former partner at Convergence Ventures will lead the PT Telkom-backed VC. NewsDonald Wihardja appointed new CEO of MDI Ventures2 mins read
In April, Airy already dismissed 70% of its staff. NewsIndonesian hotel startup Airy is reportedly shutting down permanently2 mins read
The firm pivots to after-sales services, as user vehicle demand crashes during the COVID-19 outbreak. Visual StoriesKEY STAT | Automotive platform Chehaoduo bags USD 200 million from SoftBank and Sequoia China1 min read
US ride-hailing giants Uber and Lyft announced job cuts as the sector has been hit by the pandemic. NewsCHINA BRIEF | Didi president Jean Liu says company has bounced back from coronavirus, with no plans to cut employees1 min read
The Shanghai-based company develops robots to assist patients recover after mobility-related injuries. NewsCHINA BRIEF | Fourier Intelligence, maker of rehabilitation robots, closes Series B+ round, bagging tens of millions of yuan1 min read
The company posted a 382% YoY increase in net revenue and a 336.6% YoY growth in net income. NewsEmbattled education startup GSX posts staggering Q1 growth amid fraud allegations and trade secrets lawsuit2 mins read
The EV maker has already suspended its automobile production lines in New York and Fremont since late March. NewsCHINA BRIEF | Tesla suspends production at Shanghai factory as COVID-19 pandemic hurts supply chain1 min read
Data center investment unscathed by pandemic as telework surges. NewsChinese server giant Inspur wades into Japan’s USD 5 billion market3 mins read
The company has offered services to more than 500,000 small and medium-sized enterprises in China. NewsCHINA BRIEF| Xiaomi-backed corporate accounting and tax service provider Huisuanzhang raises USD 60 million in Series C+1 min read
Since last May, US regulators have placed Huawei on an “entity list” due to national security concerns. NewsCHINA BRIEF | US to allow local companies to work with Huawei for 5G development1 min read
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