May 10, 2021
Gojek Gains $300 Million In Funding As It Moves Toward...
In the middle of negotiating a merger deal with Tokopedia, Gojek has reeled in $300 million in investment funds from state-owned mobile operator Telkomsel, Nikkei Asia reported. Gojek is already...
May 10, 2021
China Fines Tutoring Apps Backed By Tencent, Alibaba
China is expanding its far-reaching tech campaign into online education, issuing the maximum penalties to two of the country’s fastest-growing tutoring apps for violating competition and pricing laws, reported Bloomberg. The...
May 10, 2021
China’s MYbank Digital Yuan Trial Expanding To Ant’s AliPay Users
Ant Group and China’s state-owned online bank MYbank are expanding the trial of the digital yuan to more people, with a tool added for Alipay users. Alibaba’s Ant Group is...
May 09, 2021
ByteDance Ramps Up eCommerce Hiring, Sponsors To Take On Alibaba
ByteDance, which brought TikTok to the world, is adding thousands of employees as part of a plan to challenge Alibaba in eCommerce, Bloomberg reported. Among the new employees are hundreds...
May 04, 2021
Singapore’s SCI Ecommerce Notches $38 Million Amid IPO Plans
SCI Ecommerce, headquartered in Singapore, raised $37 million as part of a growth funding round led by Asia Partners. The new capital comes as the startup said it’s moving toward...
May 03, 2021
Tencent Faces Big Antitrust Fines In China
Tencent will be hit with a big antitrust penalty in China, but it’s not likely to be as much as Alibaba’s record $2.75 billion fine last month, Reuters reported, citing sources. As part...
May 03, 2021
Tencent Faces Big Antitrust Fines In China
Tencent Holdings will be hit with a big antitrust penalty in China, but it’s not likely to be as much as Alibaba’s record $2.75 billion fine last month, Reuters reported,...
May 03, 2021
Big Tech Compliance Tracker: G7 Nations Ink Tech Reg Agreement;...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. G7 Nations Arrive At Tech Regulation Agreement Representatives from the European Union, the United States,...
May 02, 2021
China Increases Antimonopoly Body’s Power
China’s antitrust watchdog is beefing up its senior ranks as authorities step up efforts to rein in the country’s powerful technology companies, reported Wall Street Journal. Dong Hongxia will take...
