Earlier this month, Tech In Asia, a media specialty founder, was surprised to announce the intention to establish a $ 18 per month paywall wall. It was more expensive than the Bloomberg and Wall Street Journal package, but this week the subscription is on line. This is designed to allow companies to procure their own funds after a difficult project period that companies are considering ICOs and were forced to downsize.
Based in Singapore, which operates a popular blog and event business in Southeast Asia, the company said that after restarting the fund procurement plan with OIC, it dismissed one-third of the staff Some people familiar with the situation.
In July, when the company abandoned the ICO project, Tech In Asia dismissed 18 out of 60 employees in Singapore. The number of employees in Indonesia was one third, and after relinquishing its own cryptographic infringement development plan, it reorganized other business divisions. The majority of layoffs took place in the non-publication industry. The employment department of the company cooperates with companies introducing the website of Tech In Asia as an adoption platform. While some journalists chose to leave the company as reported by E 27 in August, the source says the division dismissed half of the team, according to sources.
Tech In Asia founder and CEO, Willis Wee We are not responding to some requests for comments.
Although the purpose of raising funds for ICO has not been clarified, we planned enough new investment to expand the erosion trail.
According to the consultation document, the OIC is a member of the "project tribe", a strategy to develop a distributed platform that allows any organization to develop an online community using the block chain framework built by Tech In Asia there were. .
"Our goal is to mobilize the community's strengths to bring Tech In Asia closer to our mission of bringing Tech In Asia back to the community and building and delivering Asian technology communities, Says.
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Tech In Asia, after canceling the scheduled ICO,
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