Tag: covid19
China’s Pinduoduo raises $1.1 billion in private share placement
Chinese e-commerce firm Pinduoduo said on Tuesday it had raised $1.1 billion in a private share placement that will enable its further expansion and allow it to capture “additional opportunities” during the times of uncertainty. The Nasdaq-listed firm said some of its long-term investors financed the deal. The investors were…
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India’s travel and hotel booking firm Ixigo cuts salary of every employee over coronavirus
Ixigo, a 13-year-old travel and hotel booking service in India, said on Monday it is cutting the salary of its entire staff as the firm grapples with severe disruption in its business due to the coronavirus outbreak that has pushed New Delhi to issue a nationwide lockdown. Aloke Bajpai, co-founder…
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New Jersey launches online portal to give residents accurate answers about COVID-19
Fake news about the novel coronavirus disease is a rampant problem across our social timelines. Think misinformation about treatments, symptoms and anecdotes tainted with racism and xenophobia. As scientists and health professionals are still scrambling to find a cure, and even contain the outbreak, falsehoods can resonate more than they…
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Uber, Ola suspend all rides in New Delhi
Uber and Ola have suspended all ride options in New Delhi till March 31, days after temporarily discontinuing shared ride options across the country in a bid to slow the coronavirus pandemic. The firms said the suspension of their services in India’s capital was in compliance with the local state…
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WhatsApp tests new feature to fight misinformation: Search the web
WhatsApp, one of the most popular instant messaging platforms on the planet, is testing a feature that could make it simpler for its 2 billion users to tell whether the assertion made in messages they have received is true. In the recent most beta version of its Android app, the…
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Ola suspends shared ride option in India
Ride-hailing giant Ola said on Friday evening that it is temporarily suspending pool rides on its platform, called Ola Share, in India in a bid to slow the coronavirus pandemic by encouraging social distancing. The Indian firm, which operates in several countries including Australia, New Zealand, and the UK, offers…
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