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The company’s IoT business also showed promising signs of recovery following a slowdown due to the pandemic.

Sharechat has emerged as the largest TikTok competitor in India. It was reported to be in talks to raise USD 150-200 million from Microsoft and Google to expand its short video app Moj.

Thailand launched a tracking app in April which has garnered around 60,000 users, but is criticized by privacy advocates.

Kredivo plans to serve more than 10 million financially underserved customers in Indonesia in the next few years.

Platforms need to assign content moderators for every 50 online livestreaming channels.

To make headway in Southeast Asia, Alibaba needs even larger vehicles to chart new paths in the region.

The logistics arm of e-commerce giant JD.com is expected to raise as much as USD 10 billion in its public debut.

The five-year-old firm plans to use the fresh funds to scale up its payment infrastructure, venture into new markets and product segments, and make strategic acquisitions.