Zilingo board designates EY as provisional liquidator
The liquidation is set to begin after Zilingo's creditors managed to find a buyer for some of the startup's assets, Bloomberg reported. READ SOURCE...
Startups
Google parent Alphabet to axe 12,000 jobs
While Alphabet is slashing 6% of its workforce, CEO Sundar Pichai said the tech giant is still betting big on AI. READ SOURCE...
Ex-Deliveroo execs’ food-ordering firm shutters
Co-founder Domenico Tan said Gobble's B2C model "wasn't sustainable" in the long run. READ SOURCE...
Why Tin Men Capital is betting on B2B
We explore Tin Men Capital’s outlook on the ongoing funding winter, and look at a South Korean digital lender that’s just raised some funds. READ SOURCE...
Genesis crypto-lending units file for bankruptcy protection
Genesis Global Capital estimates it has more than 100,000 creditors and US$1 billion to US$10 billion in both assets and liabilities. READ SOURCE...
SoftBank-backed Swiggy to shed 380 employees
In a letter to employees, CEO Sriharsha Majety said the decision comes amid the current economic slowdown and Swiggy's overhiring. READ SOURCE...
These are the most active investors in China’s startups
Which investors are writing the most checks to China-based startups? READ SOURCE...
Singapore PE firms join forces, close $700m tech fund
Capital Square Partners and Basil Technology Partners will use the fund for acquisitions as well as for follow-on and new investments in tech firms. READ SOURCE...
GTX brings Act 2 of crypto circus
In Token Issue this week, we check out 3AC founders' new venture for trading bankruptcy claims and analyze potential solvency issues at Huobi. READ SOURCE...
Series SEA: Who’s investing in the region’s logistics and transportation startups?
We've compiled a list of investors that are pouring money into Southeast Asia’s logistics and transportation startups. READ SOURCE...