Try out our new infinity stats stack — a collection of the most fascinating, weird, and important numbers from around the (rest of) world.
Stat of the day
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12%The percentage of full-time staff laid off by Indonesian internet giant GoToGoTo Group, the massive Indonesian ride-hailing and e-commerce decacorn valued at $15 billion, is laying off 12% of its roughly 10,500-person permanent workforce. The global wave of layoffs hitting U.S. tech companies like Meta, Amazon, and Twitter is finally cresting in Southeast Asia, impacting its most prized startups like GoTo, one of only four decacorns in the region.
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45The number of cities where Indonesian coffeetech chain Kopi Kenangan had stores as of February 2022Kopi Kenangan and other tech-powered coffee companies span digital and physical experiences. But some elements of the coffeetech wave remain stubbornly low-tech — for instance, the way that the coffee is still overwhelmingly made by humans. As of February 2022, Kenangan operated 600 stores and had offices in Singapore and Malaysia.
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257%How much funding for health tech startups in Africa grew from 2019 to 2020That’s according to a new report by Africa tech news site Disrupt Africa, which documented a dramatic increase in the amount of funding flowing to health tech startups on the continent. Partly thanks to the pandemic, health tech is catching up to the fintech sector in funding.
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$1.2 billionThe amount Jumia is worth after it announced a new partnership with United Parcel ServiceJumia, the African e-commerce giant, received a 30% bump in its New York Stock Exchange depository receipts after it was revealed the company would soon make use of UPS’ logistics and delivery networks through the collaboration. Jumia has struggled with delivery challenges on the continent, such as limited mapping in major African cities. The UPS partnership will begin in Kenya, Nigeria, and Morocco.
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$14.5 billionThe value that could be added to the African e-commerce market by 2030 if men and women achieved equal sales numbers on online platformsThat’s according to a new report by the International Finance Corporation, which found that women account for more than half of all business owners on the Jumia platform in Kenya and Nigeria. But women-owned businesses were hit hard during the coronavirus pandemic: they saw a 39% drop in sales, compared with 28% for businesses owned by men.