Antonia Timmerman

Exclusive: Indonesia’s Alodokter said to have closed $7m Series B backed by SoftBank

It had raised $2.5 million in 2016 from Golden Gate Ventures, 500 Startups and Lim Dershing.

Indonesia fintech Pendanaan raises Series A from Chinese VC Legend Capital

Pendanaan enables qualified borrowers to access affordable and flexible digital credit through mobile devices.

China Digest: Hony Capital leads Series B in Quanyi; Walden backs LifeSmart

Walden International has led a $12-million Series B round in IoT startup LifeSmart.

Indonesia startup M Cash Integrasi debuts on IDX, shares jump 50%

Kresna Graha Investama bought a 17.6 per cent stake in MCI in April.

Indonesia: PP Energi eyes $368m via 2018 IPO, secondary offering

PP Energi is looking to offer up to 35 per cent of its paid up capital, with the first 20% in IPO

Indonesia: Gobi Partners-backed tour operator Tripvisto shuts down

Tour package booking site backed by Gobi Partners, Tripvisto, has ceased operations due to “worsening unit economics”, according to a report by Tech in Asia, revealing that the startup began to have trouble hitting operational targets in May 2017. It attempted several partnerships with media and telcos to promote the… Read more »

US robots maker Wonder Workshop raises $41m from Tencent, SoftBank Korea, others

Tencent recently led a $40 million financing in Wattpad, a Toronto-based storytelling platform

Mitsubishi exits Indonesia’s Medco Energi, sells 10% stake for $40m

After the transaction, Medco Daya Abadi will hold 14.98% stake in publicly-listed Medco Energi.

China: Bicycle-rental firm Youon merges with rival Hellobike

In a consolidation move in the fast-growing bike-share space, Shanghai-listed Changzhou Youon Public Bicycle System has agreed to merge with Hellobike to better compete against its rivals. Youon – through its unit Youon Low Carbon Technology Co Ltd - would buy a 100 per cent stake in Shanghai Junzheng Network Technology Co… Read more »

IFC likely to extend $50m debt to China-listed Haid International

The Shenzhen-listed Haid International aims to invest in Vietnam, India, and other emerging markets.