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The two companies are among seven startups the giant has invested in via its Tencent Industry Win-Win Fund since March.

Aerodyne operates more than half of them.

Grab and Gojek have shifted gears to match the needs of consumers and partners, but all must make adjustments with shrinking incomes.

USD 100 billion investment vehicle turns net negative after WeWork and other woes.

Tencent and NetEase own over 60% of China’s mobile gaming market combined.

Livestreams powered by next-generation 5G networks and cloud-based learning platforms are also expected to become more mainstream

Lending startups are staring at a tough time ahead as getting loan from NBFCs and collecting money from debtors is going to be a tough nut to crack.

Kumu recently reached 3 million registered users, plans to scale up operations.

From USD 800 million to USD 3 billion.

Despite the pandemic, Chinese buyers have been probing for properties in the past few months, and Southeast Asia is a popular destination.