The move comes as the online platform’s business has shifted to focus more on peddling intellectual property.

The post China Literature replaces founding team with Tencent veterans appeared first on DealStreetAsia.

The platform has also indicated the end of COVID-19 support for its driver-partners.

The post Grab asks staff to opt for no-pay leave, sabbaticals, reduce work hours appeared first on DealStreetAsia.

The pay cuts were cited in a company note to employees dated April 29.

The post India’s Reliance said to cut pay of execs in oil-and-gas division appeared first on DealStreetAsia.

It's SG growth & marketing director, Sarah Tan, will take over the reins as interim general manager.

The post Deliveroo’s Singapore GM departs, one quarter of employees in city-state laid off appeared first on DealStreetAsia.

Deutsche believes Asia-Pacific, with 13 per cent of the bank's revenue and 22 per cent of staff, offers growth potential.

The post Deutsche Bank’s advisor to CEO set to take over as Asia head and board member appeared first on DealStreetAsia.

OYO has appointed former Starbucks Corporation chief operating officer Troy Alstead as an independent director.

The post People Digest: OYO adds former Starbucks COO to board; Google Pay names Shikha Sharma as advisor appeared first on DealStreetAsia.

Most of the job cuts have been in offline sales in the Philippines and Indonesia.

The post Fintech firm Oriente lays off 20% of workforce since Q4 2019 appeared first on DealStreetAsia.

Flynote has only ₹2 crore left in the banks of the ₹14 crore raised last year.

The post India: Sequoia-backed travel firm Flynote lays off staff amid virus crisis appeared first on DealStreetAsia.

He guided Zuora from startup through a successful IPO and subsequent quarters as a public company.

The post SaaS unicorn Freshworks appoints ex-Zuora executive Tyler Sloat as CFO appeared first on DealStreetAsia.

The White House named three nominees to sit on a board that oversees federal employee pension funds.

The post White House appointments to impact pension fund investment decisions in China appeared first on DealStreetAsia.

Flipkart Group CFO Emily McNeal has quit to pursue a career opportunity outside the Walmart Group.

The post India: Flipkart names Sriram Venkataraman as CFO of its commerce biz appeared first on DealStreetAsia.

At Kalaari Capital, he was working as a venture capital partner evaluating and managing early-stage investments.

The post Kalaari Capital’s Dev Bajaj joins sports tech firm Dream Sports appeared first on DealStreetAsia.

The US-based company is said to have an employee base of over 2,000 people in India.

The post Uber said to be laying off up to 700 employees in India amid pandemic appeared first on DealStreetAsia.

Arndt, who has been Future Fund's chief investment officer since 2014, will take over from acting CEO Cameron Price.

The post Australia’s Future Fund names Raphael Arndt as CEO appeared first on DealStreetAsia.

Li’s departure raises questions around succession planning and HKEX’s strategic direction.

The post Hong Kong stock exchange CEO Charles Li to step down next year appeared first on DealStreetAsia.

Jaimini had co-founded Swiggy along with Sriharsha Majety and Nandan Reddy in 2014.

The post India: Swiggy’s co-founder and CTO Rahul Jaimini quits, to join Pesto Tech appeared first on DealStreetAsia.

Wihardja’s appointment comes nine months after his predecessor, former MDI Ventures CEO Nicko Widjaja, quit to join BRI Ventures.

The post Indonesia’s MDI Ventures appoints former AC Ventures partner Donald Wihardja as CEO appeared first on DealStreetAsia.

Stormbreaker Venture, an edtech accelerator, is a common investor in both the companies.

The post Thai Digest: Edtech startups Vonder, Conicle raise early-stage funding appeared first on DealStreetAsia.

The pair announced their first investment on Tuesday into edtech startup Eduka System.

The post Bukalapak co-founders Zaky, Xinuc set up early-stage VC fund Init 6 appeared first on DealStreetAsia.

The move is seen to make the fundraising process easier and cost-effective for startups.

The post SC Malaysia eases norms for firms issuing convertible notes to VC, PE firms appeared first on DealStreetAsia.

Indogen is working with its portfolio firms to explore opportunities in Greater China and Japan.

The post Indonesian VC firm Indogen Capital eyes succour in East Asia amid virus crisis appeared first on DealStreetAsia.

In 2018, Funtap had raised $300,000 in a seed funding round from Korean investor Soulbei.

The post Vietnamese game publisher Funtap raises Series A round led by Makers Fund appeared first on DealStreetAsia.

It plans to use the funds to hire new talent, develop its product and technology further and scale up its lending volumes.

The post Indian fintech startup NIRA raises $2.1m in pre-series A funding appeared first on DealStreetAsia.

The US-based venture capital firm routed the investment through its $60 million fund.

The post Mantra Capital makes maiden India investment in wellness startup SARVA appeared first on DealStreetAsia.

In January, Accelerating Asia officially unveiled its second cohort with ten startups.

The post Asia Digest: 500 Startups invests in LottieFiles; Accelerating Asia launches third cohort appeared first on DealStreetAsia.

Marknum Technology has secured $14 million in its Series B round led by Aurora Private Equity and GSR Ventures. 

The post China Digest: Marknum nets over $14m; SDIC invests in HGZ appeared first on DealStreetAsia.

The company is further looking to raise Rs 250 crore in the next few quarters. 

The post India Deal Monitor: MYSUN snags about $4.3m funding and more updates appeared first on DealStreetAsia.

The funding also saw the participation of Omidyar Network, Shunwei Capital, BCCL, and Nexus Venture Partners.

The post Tencent leads $9.4m funding in Indian self-publishing platform Pratilipi appeared first on DealStreetAsia.

Our Q1 report delves into investment trends in individual sectors and at different funding stages.

The post March megadeals breathe life into Greater China’s venture scene in Q1 appeared first on DealStreetAsia.

Existing investors Matrix Partners India, Stellaris Venture Partners, and Alteria Capital also participated.

The post India: Logistics startup LoadShare secures $13.2m led by BEENEXT, others appeared first on DealStreetAsia.

The fund was backed by several large financial institutions and the National Development Fund of Taiwan.

The post Japan’s JAFCO closes debut Taiwan venture fund at $67m appeared first on DealStreetAsia.

Cisco, Intel and JioNext will work with the YourNest team to help assess and shortlist applicants.

The post YourNest Venture Capital launches fast-track funding programme for Indian startups appeared first on DealStreetAsia.

The funding will be used to spruce up technology and expand product offerings.

The post India Deal Monitor: RTP Global leads $9m funding in Classplus and more updates appeared first on DealStreetAsia.

The company said the latest round was led by existing investor Sequoia Capital.

The post Fintech startup Robinhood raises fresh funds at $8.3b valuation appeared first on DealStreetAsia.

ESB claims to be enabling restaurants to transition to the cloud-kitchen model amid the COVID-19 outbreak.

The post AC Ventures leads seed round of Indonesian restaurant ERP startup ESB appeared first on DealStreetAsia.

Ninja Van becomes one of the few startups to score new funding since Covid-19 chilled deal activity.

The post Singapore’s Ninja Van raises $279m after pandemic drives e-commerce surge appeared first on DealStreetAsia.

The Series D+ round was led by state-owned China Internet Investment Fund.

The post China’s ASR Microelectronics snags $119m at over $1.6b valuation appeared first on DealStreetAsia.

Innoangel Fund now manages over 3 billion yuan ($425 million).

The post Chinese early-stage tech investor Innoangel Fund closes RMB fund at $51m appeared first on DealStreetAsia.

The Trendlines Group has invested in early-stage startup Insectta, headquartered in the city-state.

The post SG Digest: Trendlines invests in Insectta; d:tribe Capital backs Australian AI startup appeared first on DealStreetAsia.

Existing backer Heritas Capital is said to have injected additional capital in the biotech startup.

The post SG’s Hummingbird Bioscience secures more capital in Series B extension round appeared first on DealStreetAsia.

Sydney-based document design company Qwilr has raised $7.25-million Series A led by AirTree Ventures.

The post Australia Digest: Qwilr raises $7.25m; PieLAB invests in :Different appeared first on DealStreetAsia.

Nium is understood to be Visa's third investment in SE Asia after Gojek and Grab.

The post SG’s Nium closes new round joined by Visa, BRI Ventures, others appeared first on DealStreetAsia.

Dakota will also establish “Myanmar’s first-ever cyber training centre."

The post Asia Digest: Dakota Ventures to invest $1m in Myanmar; Vietnam’s FoodHub raises funding appeared first on DealStreetAsia.

The financing will help Varthana reach more schools by meeting its need for longer-term capital.

The post Indian financier Varthana secures $15m debt financing from DFC appeared first on DealStreetAsia.

Exfinity Ventures and IAN Fund led the funding in Vernacular.ai.

The post India Deal Monitor: Vernacular.ai raises $5.1m in Series A round and more updates appeared first on DealStreetAsia.

Chehaoduo was valued at over $9 billion after Vision Fund injected $1.5 billion into the firm in February 2019.

The post Car trader Chehaoduo nets $200m from SoftBank Vision Fund, Sequoia China appeared first on DealStreetAsia.

Returning investors Xiaomi Corporation and Gaocheng Capital also participated in the fresh round.

The post Chinese tax platform Huisuanzhang snags $60m round led by Sunshine Insurance appeared first on DealStreetAsia.

Tencent, which first invested in Enflame's pre-Series A round in July 2018, also topped up.

The post Tencent-backed Chinese AI startup Enflame raises nearly $100m Series B funding appeared first on DealStreetAsia.

The company focuses on providing alternatives to single-use plastics.

The post HK’s plant-based packaging startup Ecoinno bags $6m from Alibaba funds appeared first on DealStreetAsia.

The VC firm manages four funds with about 2.5 billion yuan ($352 million) in total AUM.

The post Chinese VC Linear Capital reaches first close of latest USD fund at $110m appeared first on DealStreetAsia.