PEOPLE Volanews

CHINA PEOPLE Colin Huang

Pinduoduo Founder Passes Alibaba’s Jack Ma As China’s Second-Richest Man Colin Huang, 40, was worth $45.4 billion today, ranking No. 2 in China only to Tencent Holdings CEO Ma Huateng, also known as Pony Ma, who was worth an estimated $51.5 billion.

by Forbes

2020-06-22

CHINA PEOPLE PERSONNEL CHANGES

Jack Ma Leaves SoftBank Board after 13 Years Alibaba went on to become one of the world’s largest companies with a market capitalization of USD 546 billion. SoftBank still holds about 25% of the company.

by KrAsia

2020-05-18

INDONESIA VC MDI Ventures

MDI Ventures Names Donald Wihardja as Its New CEO, Aims to Announce New Funds This Year The multi-stage VC firm backed by Telkom Indonesia conducts operations both in Singapore and Silicon Valley.

by e27

2020-05-09

INDONESIA VC Init 6

Bukalapak Co-Founders Zaky, Xinuc Set up Early-Stage VC Fund Init 6 Currently deploying funds from their personal pockets, to invest in seed and Series A-stage startups in Indonesia.

by DealStreetAsia

2020-04-29

CHINA PERSONNEL CHANGES VC

Gaocheng Capital Founding Partner Daisy Cai Joins SoftBank Vision Fund Prior to Gaocheng Capital, Cai served as the managing partner at Baidu Capital and Baidu Ventures – the investment vehicles of Chinese dominant search engine Baidu.

by DealStreetAsia

2020-04-26

INDIA INVESTMENT REGULATION

【Exclusive】Not so automatic FDI from China to India! Various industry bodies including companies and investors in India and China have already reached out to the government seeking various types of clarification on the Press Note as well as the FDI Amendment.

by Dipti Lavya Swain

2020-04-24

EGYPT FINTECH Fawry

Mohamed Okasha steps down as Fawry’s managing director to launch $25 million fintech fund The fund will invest in Egyptian fintech startups across different stages.

by MENAbytes

2020-03-27

INDONESIA RIDE-HAILING GOJEK

gojek reportedly lays off employees: report gojek has reportedly laid off employees in the mid to lower level positions, as the Indonesian ride-hailing giant continues to focus on efficiency and profitability

by e27

2020-03-19

CHINA ENTERTAINMENT BYTEDANCE

ByteDance’s founder Zhang Yiming to focus on global expansion after firm’s management restructure The startup expects to nearly double its global headcount to 100,000 by the end of 2020.

by kr-asia

2020-03-16

CHINA ENTERTAINMENT BYTEDANCE

ByteDance announces China leaders, targets 100,000 global headcount ByteDance appointed new heads for its China business and set a goal to nearly double its global headcount to 100,000 by the end of the year.

by DealStreetAsia

2020-03-13

INDIA Mukesh Ambani PEOPLE

Mukesh Ambani loses Asia's richest crown to Jack Ma Meawhile, Jack Ma Ma is back on top with a $44.5 billion fortune

by LiveMint

2020-03-11

INDONESIA FINTECH LinkAja

Former LinkAja CEO joins Good Doctor Technology as MD Wicaksana joined the healthtech company in February. He held the CEO position at LinkAja for about a year.

by DealStreetAsia

2020-03-11

MALAYSIA POLICY PEOPLE

Malaysia’s Prime Minister Mahathir Mohamad submits resignation to the king Malaysia’s Prime Minister Mahathir Mohamad has submitted his resignation to the king, according to the prime minister’s office.

by cnbc

2020-02-25

Saudi Arabia VC STV

Former Google exec to help Saudi Arabia's STV fund build tech unicorns Ivan Jakovljevic will help grow firms like logistics digital marketplace Trukker and delivery app Mrsool.

by arabianbusiness

2020-02-11

INDONESIA EDTECH Zenius Education

Indonesia’s Zenius bags $20m, appoints former Gojek exec as CEO The startup plans to use the new funds to further boost its growth, develop its technology, and expand its services all across Indonesia.

by techinasia

2020-02-06

US GOOGLE AI

UPDATE 1-Alphabet CEO backs temporary ban on facial-recognition technology over misuse worry The chief executive of Google parent company Alphabet on Monday backed an EU proposal to temporarily ban facial-recognition technology because of the possibility that it could be used for nefarious purposes.

by smalltechnews

2020-01-21

CHINA CEO PWC

PwC: More Than Half of CEOs See Global Growth Slowing This Year That means that over half of the 1,581 CEOs questioned in 83 countries see the pace of expansion slowing, the most since PwC began asking the question in 2012.

by Finance Yahoo

2020-01-21

KENYA E-COMMERCE Jumia

Jumia Kenya appoints new CCO to drive commercial success Jumia Kenya has appointed Kenneth Oyolla as its Chief Commercial Officer (CCO) to drive commercial success as the firm eyes new revenue streams.

by techmoran

2020-01-19

SINGAPORE E-COMMERCE theAsianparent

theAsianparent onboards ex-Mumbrella Asia GM Dean Carroll to drive offline initiatives for brands, communities Dean Carroll is brought on board to “diversify the business into experiential marketing and offline spaces for theAsianparent’s community of parents”.

by e27

2020-01-19

THAILAND FASHION Pomelo

Thai fashion platform Pomelo appoints former H&M executive as Chief Retail Officer Pomelo pulls in experience from Swedish multinational clothing-retail company H&M for retail expansion.

by e27

2020-01-17