Alisports also announced its acquisition of online fitness app and wearables company Ledongli, which has more than 55 million users in China.
IPOs & Markets
Indah Prakasa Sentosa has announced that it expects to raise $3 million from an IPO.
More than $1.7 billion of the fund has already been committed across assets in India, the Philippines, Singapore and China.
Philippines, Thailand and Vietnam are the other markets Go-Jek will be expanding to this year, according to a report.
The deal leaves the buyout firm with only three active investments in its portfolio.
The move will see Indonesia go back on its 2016 policy which required ride apps to work with a rental car cooperative.
Q & A
It recently formed a JV with East Ventures and Yahoo Japan to make Series B investments.
The divestment is a response to a government Corporate Governance Code which discourages listed companies from holding shares for purposes other than
Qiming Venture Partners has co-led a $12 million funding round in medical health-testing platform LetsGetChecked.
It plans to close the round by July.
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