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Alibaba injects additional fresh funds at $845m into subsidiary Lazada
Following this latest capital injection into Lazada, the total investment value of Alibaba into this...
Bags pre-seed funding, social commerce Orderfaz aims to double its user base in one month
“We set out to create Orderfaz to provide new avenues for sellers and act as...
The Ministry found similarities in Suspected 34.9 million Indonesian passport data leaks
Heaptalk, Jakarta — Indonesia’s Ministry of Communication and Information Technology (Kominfo) has investigated the hacker...
Insurtech Futuready officially seals its operations in Indonesia
Before closing its archipelago business operation, Futuready has collaborated with MNC Insurance and DANA Indonesia...
Hacker claims to steal data of 34 million Indonesian passports, the Ministry performs in-depth investigation
Heaptalk, Jakarta – Indonesia was shocked by the alleged data leak of 34 million Indonesian...
Teguk to raise US$7.8 million in Indonesia IPO
By issuing a maximum of 1.07 million shares in IPO, Teguk is forecasted to obtain...
Twitter’s CEO plans to limit the number of tweets users can read
Twitter limits posts that can be read by verified users to 10,000 posts, unverified accounts...
Salesforce plans to invest US$4 billion in its UK business
Salesforce's investment today in the UK builds on a previous five-year investment of US$2.5 billion...
Executes new layoff round, Google to cut its staff in the mapping apps Waze
The job cuts of Google towards Waze's employees impact multiple roles in the Waze Ads...
Logistics startup Baskit accomplishes a USD3.3 million seed round in funds
Since its establishment, Baskit claimed the company had evolved up to 70% monthly and worked...
A giant banking MUFG acquires Mandala Finance worth $468 million
By acquiring Adira Dinamika Multifinance, MUFG will own approximately 70.6% of MFIN's shares, while ADMF...
GOTO and TOBA’s joint venture Electrum builds an electric motorbike factory
In its early establishment stage, Electrum explained to build one assembly line with up to 250,000...
Following Grab’s layoffs, Uber cuts 200 employees in the Recruitment team
Despite performing job-slashing towards its workforce, Uber also launches new features for riders in India,...
Singapore’s Grab trims 1,000 employees, the biggest layoff round since the pandemic
With tough competition in ride-sharing and food delivery services in Southeast Asia, Grab slashes its...
SIRCLO is reportedly seizes new fund at $150m in Series C round
After seizing this investment round, SIRCLO will boost its valuation from USD100 million to USD342.8...
Indonesia’s Claude closes seed funding from CyberAgent Capital
Claude will utilize the new fund to strengthen the business strategy to enhance its business...
Short-video apps TikTok to invest USD10 billion in Indonesia
TikTok has accommodated 5 million businesses in Indonesia, dominated by MSMEs. This output has reinforced...
