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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…

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2 mins read

Amid India-China standoff, Tencent is back with an investment in Flipkart

Flipkart has not yet responded to Business Insider’s queries. The story will be updated as a…

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I spent years working toward my dream job at JPMorgan in Singapore. But 2 years after I got it, I quit here's why.

Working at JP Morgan was a long-held dream for Xaviera Ho, 29. But she left the job after two years.

Kwan Wei Kevin Tan   


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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   


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The US added China's AliExpress and WeChat to its notorious piracy list, saying China exports the most fake goods and those made with forced labor

The report notes a correlation between the use of forced labor and child labor in producing certain…

Weilun Soon   


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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…

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A Tencent-led consortium buys 10% of Universal Music, valuing the world's biggest music firm at $34 billion

Vivendi has enjoyed steady gains from the music corporation. Streaming services have quickly become…

Ben Winck   


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1 min read

UK startup fintech TrueLayer just won funding from China's Tencent and Singaporean wealth fund Temasek

The $35 million in funding comes from Chinese financial giant Tencent and Singaporean sovereign wea…

Callum Burroughs,Callum Burro…   


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The Singapore government is backing this Indian accelerator that promises to be a gateway for startups in the two countries

Anthill Ventures, an Indian ‘speed-scaling’ platform that funds startups and then helps them scale …

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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   


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7 mins read

China has to figure out how to care for 400 million people over the age of 60 by 2040 — and it's off to a rocky start

With life expectancy rising and birthrates sinking to record lows, China's 1.4 billion population i…

Matthew Loh   


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China's Big Tech firms are sending congratulation notes for 'graduating' to employees they're laying off

"Happy graduation!" reads one note, adding: "Thank you for the companionship!"

Weilun Soon   


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Flipkart and Tiger Global have a billion dollar notice to respond to in the next 90 days

India’s Enforcement Directorate (ED) has reportedly warned Walmart-owned Flipkart and its founders …

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2 mins read

Flipkart raises $3.6 billion at a valuation of over $37 billion, to focus on ‘millions of small and medium Indian businesses’

Walmart-owned e-commerce titan Flipkart has raised $3.6 billion (approx. ₹26,800 crore at current r…

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1 min read

How to watch the Apple Event 2020 LIVE — new Apple watches, iPads and more

Apple gears up to kick off its annual Apple Event tonight at 10:30 pm Indian Standard Time (IST). T…

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2 mins read

E-commerce platform Flipkart to buyback employee stock options worth ₹600 crore, say sources

Earlier in the day, Flipkart announced raising $3.6 billion (about Rs 26,805.6 crore) in funding…

PTI   


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From Paytm to Byju’s to Dream11 ⁠— Chinese investors have big money in India’s biggest startups

Experts believe that this will put a hold on further tech investments in India…

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2 mins read

BYJU’S funding streak continues – valuation hits $10.8 billion with fresh funds from Silver Lake

The funding round also saw participation from BYJU’S existing investors – Tiger Global, General …

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Mobikwik gets a new co-founder – the startup is getting IPO ready for 2022

Indian digital payments platform Mobikwik has elevated its Senior Vice President of Payments Chanda…

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2 mins read

Walmart-owned Flipkart, the Indian e-commerce giant, is reportedly eyeing a 2021 overseas listing and hoping for a $50 billion valuation

Flipkart, majority-owned by Walmart, is preparing for an initial public offering overseas as early …

Grace Dean,Reuters