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Group to invest USD 240 million to buy and upgrade traditional Indonesian lender.

Major Chinese internet companies are downsizing as losses grow.

Grab has a series of tightknit partnerships with local conglomerates, fintech firms, and other companies.

The theft has put the perceived safety of centralized exchanges under scrutiny.

Chinese President Xi Jinping keeps tight controls on tech companies ahead of party congress.

One major telecom firm, Globe Telecom, has blocked over 1 billion text messages since January.

The latest investment brings Via’s valuation to USD 3.3 billion.

The company was penalized 20 times, with the total reaching RMB 9 million (USD 1.41 million) for the year to date.