TikTok representatives outline why the platform is ideal for small and medium-sized enterprises to reach potential customers.
Tech in Asia
What stood out was how its marketing budget exceeded revenue - we’ll see if that pays off in 2020.
Investors are likely to turn their attention to the ecommerce business, given that its expansion has been expensive.
The funding will be used to boost the startup's production capacity and expansion into local and international markets, with China as the focus.
This year, Chinese tech giants were embroiled in widening supervision at home and abroad, while some sectors became the “winners” during the pandemic year.
Traveloka is still deciding between an IPO or a SPAC and is eyeing a valuation of US$5 billion to US$6 billion, a source close to the development said.
The development comes shortly after Zomato closed US$660 million in a financing round from Tiger Global, Fidelity, among others.
The major players in Vietnam’s rising ecommece market, Gojek’s increased stake in Indonesia’s Bank Jago, and China’s plan to impose countermeasures against the US
Zeek operates in Singapore, Thailand, Vietnam, and Malaysia and is planning to set foot in Taiwan, the Philippines, and Indonesia in 2021.
Malaysia is staking its claim as a hotspot for startup innovation.
With the fresh funds, Skuad plans to grow its remote employment infrastructure and scale its growth team in several geographies.
Japan is a global leader in AI adoption, and these startups are at the forefront of the conversation.
The SPAC will be used to buy a firm that the Japanese firm hasn't invested in before.
Fintech platforms are using technology to increase access to education in Indonesia, setting up the country for its next phase of growth.
Connecting Asia's startup ecosystemSubscribe to Tech in Asia feed