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Spotify’s focus on premium pays off

The Swedish audio-streaming giant is reportedly doubling down on its premium offering with a new higher-level tier.

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DailySocial.id founder on managing new fund amid startup malaise

“Valuations are down, but this doesn’t mean that these startups suck,” Rama Mamuaya recently wrote in a Linkedin post.

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From short-film curation to Netflix series: how Viddsee plays the streaming game

Initially established as a content curation platform, Viddsee has since made its own films and series, working with the likes of Netflix and Vidio.

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TikTok to train 5,000 SG students over next 5 years with new tech program

The TikTok Tech Immersion program’s first cohort, which consists of over 1,300 students, will run from May 15 to May 31.

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How Tech in Asia Studios creates better value than the traditional agency

Reduce cost and risk by leveraging our database, targeting, and commitment to authentic value creation.

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Kumu’s struggles: Layoffs, departures slash workforce by almost half

The Philippine livestreaming platform has seen big bets not panning out and ex-employees alleging that frivolous spends costed the firm.

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TikTok CEO denies any mishandling of US data

The exec has vowed to make sure that “data of all Americans is stored in America and hosted by an American headquartered company.”

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Tencent sees first-ever annual revenue decline in FY 2022

However, chair and CEO Ma Huateng said the tech giant is poised to benefit from China’s economic recovery, which he says is “now underway.”

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99 Group grabs $11m in series C extension

The new funding will enable 99 Group to continue expansion through strategic partnerships and acquisitions.

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Firm of UAE’s ‘spy sheikh’ buys ByteDance stake at $220b valuation

The TikTok parent previously valued itself at US$300 billion during its share buyback scheme, Bloomberg reported.

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TikTok explores split from ByteDance amid security woes

The split could take the form of a sale or IPO, Bloomberg reported.

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Will Bondee be more than a flash in the pan?

We assess whether Bondee can dispel fad-related concerns and look at Indonesia’s massive incentive program to boost EV adoption.

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TikTok caps time limit for teens to curb addiction

The feature comes as the ByteDance-owned app faces a potential ban in the US.

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Looking for funding? Check out this list

This week’s On the Rise looks at active VC funds in Southeast Asia, Bondee’s growth curve, and an Indonesian firm’s no-layoff strategy to cut costs.

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Facebook to test Twitter-like subscription services

Meta Verified offers users increased security, authenticity measures across the platform, and a blue checkmark.

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Twitter reportedly shuts two offices in India

In late 2022, Twitter fired about 90% of its staff in India, according to Bloomberg.

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Disney to slash 7,000 jobs amid reorganization

The media giant said it’s looking to save US$5.5 billion in costs through the revamp.

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Weixin makes ‘strategic’ tie-ups in Singapore as China reopens

Chinese travelers now can book Grab ride-hailing services directly via their WeChat app.

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