Hushed word on the street is that top lieutenants and members of the early founding team have mostly left.
Go-Jek has stopped pricing promotions in Singapore abruptly. It has either reached its goals of market size, or it has tested it and realized that promotions are not working.
The $40 million that Ant Financial is putting in Akulaku is expected to value the company at $450 million.
Here are Momentum Works’ 10 predictions for 2019 ranging from ride-hailing and payments to e-commerce and venture capital.
Low bank penetration and high internet penetration, it is not difficult for investors to see the similarity between Indonesia and Philippines – opportunity.
The 120k for 7% model is unlikely to work in China, as the market has more capital than good entrepreneurs. However, if Lu is willing (and able) to experiment new models, there might be a chance.
The investment in JD.com is a significant commitment from Google. The US tech giant has made fewer than a dozen investments with a ticket size of over $100 million (counting all MagicLeap rounds as one).
For PE investors who began betting big on the ride-hailing firm in second half of 2015, the paper returns are yet to be ‘huge’.
From initial plans to launch in May 2018, the JV has delayed its full launch to August 2018. Is this a sign that this ambitious partnership is off to a rocky start?
iflix, which recently closed its digital division in Singapore, has been keeping mum since it raised $133 million about eight months ago.