Masayoshi Son’s investment woes worsen with Oyo layoffs

The SoftBank CEO faces more investment turmoil as Oyo, his big bet in India, fires thousands of its staff to shore up its loss-making hotel business [View this email in your browser]( Daily Roundup Hi {NAME} The Year of the Rat is off to a not-so-great start for some. While I mourned over the news of Bose closing down 50% of its retail stores (audiophiles hate Bose but I stand by it), Masayoshi Son has a way bigger concern. Another Softbank-backed startup was in the news for the wrong reasons - it’s on a massive layoff exercise. While we reconnect with friends and relatives over the upcoming festivities, let’s be mindful of those who have missed out on a bit of a fortune this year. Enjoy today’s articles! -Betty, Tech In Asia Featured Article 📉 [Masayoshi Son’s investment woes worsen with Oyo layoffs]( — The SoftBank CEO faces more investment turmoil as Oyo, his big bet in India, fires thousands of its staff to shore up its loss-making hotel business. Top stories You can read all trending stories on Tech in Asia [here](. 🏦 [Australian neobank Volt bags $48m in series C funding]( — It is also kicking off a series D equity funding round to onboard new partners, boost its regulatory capital reserve, and roll out new products. 🇭🇰 [Standard Chartered to target young customers in Hong Kong digibank race]( — Standard Chartered is among the eight firms that won virtual bank licenses in Hong Kong last year. 🎮 [Bytedance reportedly builds gaming division to tackle Tencent head-on]( — The startup looks to release non-casual games this spring, a source said. 🤝 [Complete list of tech and startup events in Singapore]( — Mingling or gaining knowledge? We’ve curated for you the most comprehensive list of events in the tech and startup community, sorted by topic and date. 🥛 [Singapore startup making cell-based milk secures pre-seed funding]( — TurtleTree Labs looks to debut cultivated milk products made using its proprietary mammary-cell based technology this year. Events happening 📅 You can find all our events [here](. - Pitch Night Bangkok Edition - 26 February 2020, Wednesday, 6.30pm – 9.00pm, Bangkok, Thailand [Register to pitch]( / [Register as an attendee]( Featured jobs 💻 You can post a job for free [here]( or search for jobs [here](. [logo] [IT System Analyst]( at Indocyber Global Teknologi Jakarta, Indonesia [logo] [Android Developer]( at Indocyber Global Teknologi Jakarta, Indonesia [logo] [Senior Software Engineer (R-210)]( at Ralali Yogyakarta, Indonesia | IDR 5,000,000 – 15,000,000 [logo] [Javascript Front-End Developer]( at Art71 Singapore, Singapore | SGD 3,800 – 8,000 [logo] [Head of Business Relation]( at Mecapan Indonesia Jakarta, Indonesia | IDR 6,500,000 – 9,000,000 with equity [logo] [Account Executive]( at Virtues International Tangerang, Indonesia (Remote) | IDR 3,000,000 – 5,000,000 What do you think of today's email? [Facebook]( [Instagram]( [Twitter]( [LinkedIn]( [YouTube]( [Podcast]( Copyright © 2020 Tech in Asia, All rights reserved. You have registered for Tech in Asia. Our mailing address is: Tech in Asia 51 Bras Basah Rd #05-5061Singapore 189554 Singapore [Add us to your address book]( Want to change how you receive these emails? You can [update your preferences]( or [unsubscribe from this list](.