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The fund plans to invest up to SGD 2 million into 20 early-stage startups that tackle the challenges of the sector.

Officers will send warnings via direct message.

By pioneering payments in virtual money, Beijing aims to internationalize the yuan.

Part of the fresh capital will be used to launch the plant-based chicken brand Tindle in Singapore.

The startup claims to have 160 million active users on its main social networking app and 80 million on its short-video app, Moj.

“We are in the right place at the right time to increase our leadership in China’s large video-based market,” says CEO.

IPOs of Indonesian startups would produce a positive impact for the local ecosystem, says Widjaja.

Douyin stagnated at the pre-holiday level of about 600 million DAUs.