An inside peek at Indonesia’s biggest edtech startup

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Hello readers,

Indonesia’s biggest educational tech startup, Ruangguru, seems to have this in mind: Grow big or go home. The company quadrupled its revenue last year, but its losses jumped sixfold, mostly stemming from advertising and marketing expenses.

We examined Ruangguru’s numbers in greater detail in this article. You can also scroll down for a quick summary.

But first, your quick bytes for today:

1️⃣ Douyin to bar external links

The Chinese version of ByteDance’s TikTok is planning to ban outside links on the short-video app. This means that users wouldn’t be able to send their viewers to ecommerce platforms such as Taobao and JD.com – not great news for merchants.

2️⃣ Beijing potentially complicates TikTok sale

China’s new technology export rules now requires approval for export of AI technology such as voice recognition, data analytics and content recommendation. The regulations, which were updated for the first time in 12 years, are likely to affect TikTok parent company ByteDance.

3️⃣ Apple terminates Fortnite creator account

The US tech powerhouse has terminated Tencent-backed Epic Games’ account on its App Store amid a legal battle. This means that iPhone users can no longer download or make in-game purchases on Fortnite or other games owned by Epic.

4️⃣ Huawei launched accelerator program

Heads up, deep-tech startups: The Chinese giant has launched its Spark accelerator program in Singapore. This six-month program aims to incubate and accelerate the growth of deep-tech startups in the Asia-Pacific region.

5️⃣ TikTok rival makes bid for its assets

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