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China’s embattled tech tycoons lined-up to pledge their support for President Xi Jinping’s “common prosperity” policy and market-roiling regulatory onslaught on the digital sector, at the country’s annual internet conference.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Sunday (Sept 26)
China’s top court wants to protect gig workers without hampering tech platforms’ development, aiding Meituan and Didi
A justice on the Supreme People’s Court said the court will help regulate the ‘healthy growth’ of platforms while protecting gig workers’ ‘legitimate rights’The statement offered relief to platform operators after the government expanded protections for delivery workers and ride-hailing drivers in July
TOKYO: SoftBank Group Corp, one of the biggest foreign investors in China, plans to take a more cautious approach to backing the country’s startups but will continue to cut deals, according to chief operating officer Marcelo Claure.
MEXICO CITY (Reuters) - Mexican used-car platform Kavak said it has more than doubled its valuation to $8.7 billion based on its latest funding round, making it the second-most valuable startup in Latin America as it eyes further expansion beyond its home market.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Tuesday (Sept 21)
FOR anyone who wasn’t paying attention, China is serious about its common prosperity drive.
BANDAR SERI BEGAWAN (Borneo Bulletin/Asia News Network): Prosecutors are still waiting for DNA analysis reports in the case involving the family business drug ring, dubbed the Musang King.
HONG KONG/SHANGHAI (Reuters): Didi Global Inc co-founder and President Jean Liu has told some close associates that she intends to step down, two sources familiar with the matter said, as the Chinese ride-hailing giant faces intense regulatory scrutiny following its New York listing earlier this year.
Taocaicai is expected to offer more than one million products from around the world to community group buying users in China. The new brand will work closely with Alibaba’s logistics unit Cainiao and food delivery service Ele.me.