News

Thousands of employees of Dali Education, ByteDance’s edtech division, are being laid off.

The ten-year-old startup has become the 20th firm to turn into a unicorn this year, and the eighth Indian B2B SaaS platform to enter the billion-dollar club.

With a record number of Indian startups becoming unicorns this year and around a dozen preparing to go public, the availability of venture capital in the market has shot through the roof.

As of June, the digital yuan was used in RMB 34.5 billion (USD 5.34 billion) worth of transactions across retail, public transportation, utility bill payments, and government services.

The Indonesia Stock Exchange overhauled its rules to entice regional tech companies to float shares in Jakarta.

China’s chip-making champion gains momentum as the global semiconductor shortage persists.

The Tencent-backed supermarket chain is trying to recover an edge after losing out to internet giants in the grocery market.

The round comes a month after Tabby raised USD 50 million in debt financing, taking the total capital (equity and debt) raised to date to over USD 130 million.