Category: Uncategorized

These are the top startup news stories we published this week

This post was originally published on this site Southeast Asia witnessed many actions this week, from Grab Co-Founder’s stepping down from her active role, to LiveIn’s acquisition of KT Management, besides numerous funding announcements. Here’s a brief of each news article we published this week: Startup Studio Indonesia alumni raise US$65.8M Startup Studio Indonesia (SSI), […]

PDD Holdings sees quarterly revenue up 58%, accompanied by soaring marketing expenses

This post was originally published on this sitePDD Holdings, the parent company of budget shopping app Temu and Pinduoduo, reported its first-quarter earnings on May 26, with revenue surging 58% year-over-year. Total revenues of the Shanghai-headquartered e-tailer in the quarter were 37.64 billion yuan ($15.48 billion), an increase of 58% from 23.79 billion yuan in […]