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3 mins read
Tencent joins Alibaba and Bytedance in making Singapore its new headquarters after India ban and tensions in the US
The Chinese app developer behemoth Tencent Holdings has had a rough month. But, it hopes to turn th…
3 mins read
China's Instagram-like Xiaohongshu joins the tech layoff bloodbath, cutting about 10% of employees
Xiaohongshu said it's laying off up to 10% of its workforce. The cuts add to the tens of thousands …
Weilun Soon
2 mins read
Alibaba shares hit 6-month high after Jack Ma cedes control of Ant Group, amid a broad rally in Asian shares
Alibaba share rose 9% after news emerged that Ma was ceding control of Ant Group, following China's…
Huileng Tan
3 mins read
Flipkart raises its biggest round at a lesser valuation and acquires eBay but is it enough to steer off Amazon?
The e-tailer mentioned that this capital was raised at a post-transaction valuation of $11.6 billio…
2 mins read
Alibaba boosts its investment in the 'cloud wars' against Amazon, Google, and Microsoft
Alibaba's cloud division, Aliyun, has signed a series of new partnerships with the likes of Intel a…
2 mins read
Alibaba reportedly in talks to acquire Shopclues
The media has speculated about Alibaba's interest in Flipkart, however these parleys have stalled o…
1 min read
Paytm might raise Rs 2,000 crore in next funding, to be valued at $5 billion
If everything goes as planned, Paytm would be valued at $5 billion, which is more than double of it…
2 mins read
Why a simple lamp at Asia-Pacific summit swept US President Barack Obama off his feet
Mijeno, an engineer and Greenpeace member came up with what she named the Sustainable Alternative L…
1 min read
Snapdeal raises $500 million, eBay sells its stake
Snapdeal has garnered a whopping $ 500 million investment led by Alibaba Group, Foxconn and SoftBan…
2 mins read
Startups aren’t convinced by SEBI’s listing guidelines. There’s something else they want
Recently, Sebi chairman UK Sinha spent several weeks meeting entrepreneurs before the regulator…
3 mins read
Andreessen Horowitz is in talks to invest in virtual reality startup Sandbox VR
The game experiences take place in specially designed rooms created by attaching four green screen …
Zoë Bernard,Steven Tweedie
2 mins read
Uber's top Chinese rival has reportedly invested in Lyft, Uber's biggest US competitor
Citing sources close to the matter, The Wall Street Journal reports that Lyft has "discussed ways t…
Maya Kosoff
1 min read
Shopee rolls out spending caps for all employees, including economy-only flights and $30 meals, as the company braces for layoffs and financial trouble
Shopee, an ecommerce giant and Southeast Asia's Amazon, is tightening expense policies amid job cut…
Nidhi Pandurangi
2 mins read
10 things in tech you need to know today
Jack Ma vanishes, Googlers form a union, and Assange escapes extradition.
Shona Ghosh
2 mins read
A Hong Kong stock just plunged 76% in 30 minutes
However, Alibaba delivered a successful debut on the exchange this week, with its stock rising 6.6%…