East Asia
🇨🇳 Mainland China
- New US bill offers the possibility to delist Chinese shares where the company’s auditor has not faced an inspection for three consecutive years →
- Experts say China does not have an adequate domestic semiconductor producer after the US moves to cut Huawei off from global chip manufacturers →
- Executive behind Disney+ to become TikTok’s new CEO →
- China’s food delivery giant Meituan becomes the third Chinese company to hit a $100 billion valuation despite Q1 losses →
🇯🇵 Japan
- Authorities report a rise in “coronavirus lynchings” – sharing the personal details of people who have been infected with COVID-19 and flouted isolation rules →
- Survey shows 60% would like to continue telecommuting after the pandemic; 34% say working from home has improved their work efficiency →
- Kobe City partners with TikTok to reach out to young people during the pandemic →
- ANA Holdings is working with AERONEXT to develop logistics drones with technology to control the machine’s centre of gravity and prevent cargo from moving →
- Kubota Pharmaceutical Holdings is developing glasses designed to cure myopia →
Southeast Asia
🇮🇩 Indonesia
- Capsule hotel startup Bobobox raises $11.5 million in series A funding →
- Data analytics startup Delman raises $1.6 million in a seed funding →
South Asia
🇮🇳 India
- Private equity firm KKR invests $1.5 billion in Jio Platforms, which has now received over $10 billion of investments in a month →
- E-commerce initiative JioMart led by internet giant Jio Platforms launches in 200 cities and towns →
- Payments startup Khatabook raises $60 million in series B funding →
- Ride-hailing firm Ola lays off 1,400 staff after a 95% drop in revenues →
- Uber cuts 600 jobs in India (25% of its workforce) →