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In May, the Naspers-backed company laid off 1,100 people and shut non-performing business arms.

Traveloka said it witnessed “a historic drop” in business activity caused by the pandemic towards levels never seen before.

Huawei has 46 per cent of China’s smartphone market, more than Vivo, Oppo, and Xiaomi combined.

Earlier this year, Trip.com planned a secondary listing in Hong Kong, but reversed track due to the COVID-19 pandemic, which resulted in industry-wide losses.

Since taking over Uber’s business, Grab has to seek permission on pricing from Singapore’s consumer watchdog.

Wei-Ying Ma will join an institute being founded by Baidu’s former president Zhang Yaqin inside the Tsinghua University.

The new feature is calculating routes and travel costs, with the additional benefit that users can directly order available Gojek services.

Analyst expect long-term boost to trading volume despite lukewarm start.