Tag: Asia
Indian police open case against hundreds in Kashmir for using VPN
Local authorities in India-controlled Kashmir have opened a case against hundreds of people who used virtual private networks (VPNs) to circumvent a social media ban in the disputed Himalayan region in a move that has been denounced by human rights and privacy activists. Tahir Ashraf, who heads the police cyber…
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Gojek reportedly buys 4.3% stake in Indonesian taxi company Blue Bird
Gojek has paid $30 million to take a minority stake in Blue Bird, one of the largest taxi operators in Indonesia, according to Bloomberg, which first reported that the deal was in progress last month. Gojek’s stake in Blue Bird is worth $30 million. The taxi operator’s holding company disclosed…
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GGV Capital says mom-and-pop shops can boost e-commerce in emerging markets
Despite the rapid growth of e-commerce in India, Southeast Asia and other emerging markets, the vast majority of retail transactions there still happen offline in small stores that also serve as neighborhood hubs. The central role these stores play in their communities led GGV Capital to develop what the firm…
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Beijing Auto Show postponed due to coronavirus
China’s annual auto show in Beijing has been postponed because of novel coronavirus, as the number of cases of people infected surpass 71,000. The Beijing International Automotive Exhibition, which was scheduled to begin April 21, is the latest high-profile event that has been either cancelled or postponed over concerns of…
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Oyo’s revenue surged in FY19, but loss widened, too
Budget-lodging startup Oyo reported a loss of $335 million on $951 million revenue globally for the financial year ending March 31, 2019, and pledged to cut down on its spending as the India-headquartered startup grows more cautious about its aggressive expansion. The six-year-old startup’s growing revenue, up from $211 million…
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Vodafone Idea shares tumble 23% after India orders it to pay billions in dues
Shares of Vodafone Idea fell by more than 23% on Friday after India’s apex court ordered the country’s second-largest telecom operator and Airtel, the third-largest telecom network, to arrange and pay billions of dollars in dues in a month. In a strongly worded judgement, the Supreme Court rejected telecom networks’…
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