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Douyin pointed to Tencent’s active suppression of its content on Tencent’s messaging and social media platforms.

The new funding round may delay IPO plans for Flipkart, which was reported to be looking to go public in the US later this year.

E-commerce made up 20% of retail sales in Indonesia last year. Analysts say it could reach up to 40%.

The amount of raised capital and deals dropped slightly in 2020, but there are more than one reason to be optimistic for Southeast Asia’s startup ecosystem.

iMin expects sales for 2021 to surpass the USD 10 million mark.

License comes after months of pressure against Jack Ma’s fintech company.

It is ‘unlikely’ that Razer will issue its own cryptocurrency but it might accept select digital currencies as payment for its hardware and services.

Regulators are making changes to Indonesia’s finance systems to keep up with the times.