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“Ant’s valuation is sure to be affected greatly as the microloan business accounted for almost half of the company’s entire profits.”

CapBay claims that since 2017, it has financed more than 9,000 transactions amounting to more than USD 192.6 million and has served over 500 SMEs.

Alibaba co-founder Jack Ma is in possession of 34% of Ant Group’s shares.

Viettel, the country’s largest teleco, publicly said that it will not adopt Huawei’s 5G technology.

Logisly currently serves more than 300 corporate shippers from various sectors, including Unilever, JD.ID, Haier, Grab, and Maersk.

Halodoc plans to expand the offer and considers to launch an online pharmacy for pets.

Ant Group’s dual-listing in Shanghai and Hong Kong has been put on hold, pending further approval from regulators.

The e-commerce firm will leverage Microsoft’s expertise in building a resilient cloud infrastructure to support Bukalapak’s services for more than 100 million customers.