Tag: Asia
Indian food delivery startup Swiggy is cutting about 1,000 jobs
Swiggy is cutting about 1,000 jobs, most from its cloud kitchen division, as India’s top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has drastically affected millions of firms. In a statement, the Bangalore-based startup said it was “evaluating various means to…
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Apple expands App Store, Music, iCloud and other services to dozens of additional markets
Apple said today it is launching its services App Store, Apple Podcasts, iCloud, and Apple Music to dozens of additional markets in Africa, Europe, Asia-Pacific, and Middle East among others in what is one of the biggest geographical expansions from one of the world’s biggest firms. The App Store, Apple…
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Facebook launches Fundraisers in India, expands partnerships with state governments for WhatsApp and Messenger helplines
Facebook has expanded Fundraisers to India and is working with several additional state governments to provide authoritative information about the coronavirus to more people in the country, it said today. Fundraisers, which was available in the U.S. and Europe prior to Monday’s announcement, allows people to collectively contribute towards the…
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Alibaba Cloud will invest $28 billion more into its infrastructure over the next three years
Alibaba Cloud announced today that it will invest another RMB 200 billion (or about $28 billion) into its infrastructure over the next three years, prompted in part by increased demand for services like video conferencing and live streaming as businesses adapt to the COVID-19 pandemic. The investment will focus on…
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To avoid hostile takeovers amid COVID-19, India mandates approvals on Chinese investments
Chinese investors, who have poured about $6 billion into Indian startups in the last two years, will be subjected to strict regulation for their future investments in the world’s second largest internet market. India amended its foreign direct investment policy on Saturday to include China in the list of neighboring…
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Codementor launches Code Against COVID-19 to match volunteers with software projects
Codementor, an online education platform for software developers, is launching Code Against COVID-19 to match volunteers with software projects to fight the pandemic. The initiative, which Codementor is not making money from, wants to connect coders with universities, non-profits, local government agencies and other organizations. Some of the programs Code…
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