Makarim said he is leaving the company in the "capable hands" of new co-CEOs, Andre Soelisyo and Kevin Aluwi.
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At 35, Makarim will become Indonesia’s youngest minister.
Bengaluru-based furniture rental venture Urban Ladder co-founder Rajiv Srivatsa is said to have resigned.
In his new role as partner at Qiming, Alex Zhou will focus on investments in AI, robotics, enterprise software, semiconductors, advanced manufacturing
The survey found 100 million Chinese ranked in the global top 10% as of the middle of this year versus 99 million in the US.
This comes in the backdrop of Urban Ladder’s funding crunch.
The staff reductions are roughly split between UBS’s markets and investment-banking teams.
Gojek group president Andre Soelistyo and co-founder Kevin Aluwi are new co-CEOs.
As India TikTok head, he will prioritize key initiatives, such as #EduTok, that benefit the community.
David Thevenon, whose portfolio companies include small-business lending platform Kabbage, has resigned to pursue other opportunities.
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