The online industry for Southeast Asia is expected to grow from an estimated $174 billion in gross merchandise volume by end-2021 to $360 billion by 2025, and $1 trillion by 2030, driven primarily by growth in e-commerce and food delivery.
Facebook said its bullying and harassment numbers only captured instances where the company did not need additional information, such as a report from a user, to decide if the content broke its rules.
Advertisers on Facebook's platforms can still target audiences by location, use their own customer lists, reach custom audiences who have engaged with their content and send ads to people with similar characteristics to those users.
Nykaa IPO was open for subscription from October 28-November 1 to raise Rs 5,352 crore from its primary stake sale.
API Holdings intends to utilise the net proceeds for prepayment or repayment of all or a portion of certain outstanding borrowings availed by it or and its subsidiaries to the tune of Rs 1,929 crore.
The company will use the capital for acquisitions, as well as to ramp up technological capabilities and increase headcount, cofounder Revant Bhate told ET.
