NewsApp makers cash in as Southeast Asia falls for mobile datingIndonesia and Malaysia lead surge in spending on matchmaking platforms. 3 mins read
The company reported net revenues of USD 24.5 billion in the fourth quarter, beating the market consensus. NewsJD.com predicts Q1 net revenue to grow at least 10% year-on-year despite coronavirus threat2 mins read
The funds will be used to support the state-owned enterprise’s digital transformation by investing in startups. NewsIndonesia’s Telkom Group prepares USD 500 million to invest in startups1 min read
The startup aims to lend about USD 138.3 million (INR 1000 crores) by the end of the next financial year. NewsIndian lending startup SMEcorner raises USD 30 million2 mins read
Consumer reluctance to shop for cars amid the outbreak has severely affected operations in the secondhand auto market. NewsCoronavirus forces suspensions and salary cuts at China’s largest used car marketplace2 mins read
VCs start 2020 with an all-time high of USD 7 billion in hand for India investments. NewsVenture capitalists put in USD 10 billion in Indian startups in 20193 mins read
The Wuhan-based firm registered a six-fold increase in new users during the coronavirus outbreak, its CEO says. NewsCHINA BRIEF | Chinese Google Docs-equivalent Shimo Docs completes Series B+ financing1 min read
The Chinese super app has been accused of abusing its market-dominant position. NewsWeChat targets ByteDance’s collaboration app Feishu in latest restriction2 mins read
The Huawei Search app offers “features such as instant searches, quick views widgets and newsfeeds.” NewsCHINA BRIEF | Huawei is testing its own search app in latest move to go without Google services1 min read
NewsMiddle East weekly: Aito enters the UAE, MGX invests in Anthropic, AED-backed stablecoin secures approval, and more
