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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
India’s ban on Free Fire triggers a diplomatic row; the social networking firm may have finally found the right public policy chief.
Editor's note: Harveen here. It seems that the Indian government may have to explain a knee-jerk regulatory decision it took earlier this month. On 14 February, the ministry of electronics and information technology (MeitY), citing security concerns, banned 54 apps it believed to be of Chinese origin. And the most popular (and strangest) candidate in this list was the gaming app Garena Free Fire. A little background here. Garena Free Fire is one of the most popular games across the world, owned by the Singapore-based and New York-listed consumer internet company Sea Ltd. Sea was founded in 2009 by Singaporean billionaires Forrest Li, Gang Ye and David Chen. All three were born in China and left the country at different (and early) stages of their lives. (This profile by Bloomberg on how Singapore nurtured the trio into becoming billionaires is a good read.) Now as the Indian ban on Garena Free Fire got announced this month, troubles started for Sea. Its stock tanked and erased $16 billion in market value in a single day. Investors panicked about the company’s future, given the …
India’s ban on Free Fire triggers a diplomatic row; the social networking firm may have finally found the right public policy chief.
Editor's note: Harveen here. It seems that the Indian government may have to explain a knee-jerk regulatory decision it took earlier this month. On 14 February, the ministry of electronics and information technology (MeitY), citing security concerns, banned 54 apps it believed to be of Chinese origin. And the most popular (and strangest) candidate in this list was the gaming app Garena Free Fire. A little background here. Garena Free Fire is one of the most popular games across the world, owned by the Singapore-based and New York-listed consumer internet company Sea Ltd. Sea was founded in 2009 by Singaporean billionaires Forrest Li, Gang Ye and David Chen. All three were born in China and left the country at different (and early) stages of their lives. (This profile by Bloomberg on how Singapore nurtured the trio into becoming billionaires is a good read.) Now as the Indian ban on Garena Free Fire got announced this month, troubles started for Sea. Its stock tanked and erased $16 billion in market value in a single day. Investors panicked about the company’s future, given the …
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
Bistro may look like a response to Swiggy and Rapido’s 'budget' food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
The food-tech pioneer is on the brink of losing its decade-long fight for survival, laying bare the pitfalls of the cloud kitchen business.
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
Bistro may look like a response to Swiggy and Rapido’s 'budget' food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
The food-tech pioneer is on the brink of losing its decade-long fight for survival, laying bare the pitfalls of the cloud kitchen business.
