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Last month, Oyo laid off around one-third of its staff or about 360 employees in the US.

The company wants to raise more funds from Reapra, local agency Depa, and another investor by Q4 2020 in a multi-party investment deal.

Murder mysteries and draw-and-guess games are popular online during the Covid-19 epidemic as social game downloads surge.

Having a unicorn may affect investors’ views towards tech companies, but it does not materially improve exit opportunities.

Toutiao Search is now available on Android app stores.

SparkLabs has invested in over 280 companies across six continents to date.

Short video becomes a news channel and live-stream platform amid the coronavirus outbreak.

Meet the maker of Magic Tiles 3.

There needs to be improvements on multiple fronts, including talent retention, as well as casting a wider net to train and woo people of different backgrounds.

Local governments are also supporting the hobbled film industry.