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The festival aims to take stock of business and technology developments worldwide in 2020.

Investments seen as boost to economy while country tries to make up gap.

The shutdown is affecting around 1.4 million people in the Rakhine and Chin states.

Mech Mocha is backed by top tier investors including Accel Partners, Blume Ventures, Shunwei Capital, and AET Fund.

Data stolen from the site, which includes sensitive information such as tax registration and national ID numbers, is now being sold online.

“Ant’s valuation is sure to be affected greatly as the microloan business accounted for almost half of the company’s entire profits.”

CapBay claims that since 2017, it has financed more than 9,000 transactions amounting to more than USD 192.6 million and has served over 500 SMEs.

Alibaba co-founder Jack Ma is in possession of 34% of Ant Group’s shares.

Viettel, the country’s largest teleco, publicly said that it will not adopt Huawei’s 5G technology.

Payment services startup Paytm, cab-hailing major Ola, and hospitality giant Oyo have seen their valuations fall over the last few quarters.