NewsSwiggy lays off 1,100 employees and shuts other businessesLast week Zomato also announced cutting 13% of its total workforce. 3 mins read
Fore Coffee CEO Elisa Suteja said that it closed several outlets for Ramadan and that it is selling assets. NewsEast Ventures-backed Fore Coffee denies shutdown rumors, sees increase in online sales2 mins read
A total of 15 million companies have joined Dingtalk, according to the platform’s CEO Chen Hang. NewsCHINA BRIEF | Alibaba’s DingTalk reaches 300 million users as COVID-19 shifts life online1 min read
A survey found that 5.4% of tech firms experienced job cuts while 12.9% have reduced contractors, interns, and part-time employees. NewsChina’s once-resilient tech economy starting to crack under pressure from coronavirus economic carnage8 mins read
Bytedance is a latecomer in the IoV sector filled with players including Alibaba, Tencent, and Baidu. NewsByteDance steers into automobile sector with plans to integrate Douyin and Toutiao into cars2 mins read
Since the online insurance was introduced in April 2020, around 222,000 users have signed up for the services. NewsOvo partners with Prudential to launch digital insurance services2 mins read
General Atlantic is the fourth investor to come on the cap table of Jio Platforms in the past four weeks. NewsGeneral Atlantic to invest USD 870 million in Reliance’s digital arm, Jio Platforms3 mins read
Oppo now accounts for 2% of the European market after experiencing 10-fold growth in the first quarter amid countrywide lockdowns due to the pandemic. NewsChinese smartphone brand Oppo eyes bigger Europe presence with Vodafone partnership as rival Huawei slumps in region2 mins read
KoinWorks CEO Benedicto Haryono said the additional funding is aimed at strengthening digital SMEs in Indonesia. NewsIndonesian fintech lender KoinWorks raises additional USD 10 million from Lendable1 min read
NewsDeals in brief: Grab to acquire Stash, Gobi Partners backs Valiance Health, Humain invests in xAI, and more
