The Weekly Snapshot: News from TikTok, Sequoia, GoGoVan, and more

ByteDance’s short-video app TikTok hogged the headlines last week with its plan to exit Hong Kong. According to the company, it’s also considering changing TikTok’s corporate structure due to increased scrutiny from India and the US over security concerns.

Photo credit: 123RF

In other news, Sequoia Capital India announced two new funds worth a total of US$13.5 billion, logistics services provider GoGoVan has rebranded to GoGoX, and Korean ecommerce major Coupang is buying the software behind Singtel’s Hooq.

Hear the details on all these stories and more on this week’s episode of The Weekly Snapshot.

Timecodes:

00:00 – Intro music
00:14 – TikTok to exit Hong Kong, report says
01:29 – TikTok reportedly mulls corporate changes amid growing security concerns
02:21 – SoftBank-backed ecommerce major Coupang said to buy Hooq’s assets
03:20 – AMTD Digital to acquire payments platform Fomo Pay
04:24 – GoGoVan rebrands as it consolidates logistics services
06:41 – Sequoia secures US$1.35 billion for two new funds in India, Southeast Asia
07:43 – Indonesia’s Social Bella bags US$58 million in series E money
08:25 – Former Grab execs’ AI startup nets US$7 million in series A money
09:30 – Singapore’s Transcelestial banks nearly US$10 million in series A round
10:31 – Mobile-first HR tech platform Qualee banks US$1 million in seed funding
11:08 – As remote work rises, HR tech firms spot an opening

Download the full transcript here.

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