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Scalpers have raised prices of life-saving supplies like oxygen to up to 1,000% of normal levels to exploit a steep climb in COVID-19 infections in Indonesia.

About 990 investors pumped USD 10.15 billion in venture capital across 543 startup deals in H1 2021.

Boss Zhipin, Yunmanman, and Huochebang—now under investigation—all have a presence in US public markets.

Impetus comes from the dominant presence of smartphones made by parent.

CEO Daniel Zhang is fortifying Alibaba’s lifestyle services by uniting its mapping, travel booking, and food delivery apps as part of one business unit.

The removal of Didi’s app from app stores came two days after regulators initiated a cybersecurity review of the company.

Founded in 2018, Kitopi operates a network of over 60 cloud kitchens in the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain.

Despite the e-commerce sector being dominated by Flipkart and Amazon India, startups are scripting a new wave of online commerce, primarily targeting the next 500 million netizens from smaller cities.