Indonesian e-commerce platform Belipart plans to use the funding to build its team and products.
The telco giant is reportedly looking to acquire at least a 51 per cent stake in Bhinneka.com.
IPOs & Markets
The IPO is likely to be launched on IDX early next year.
Prior to purchasing a minority stake in Finarya, the lender is planning to acquire a venture capital firm with smaller assets.
Cheng, who was involved in developing Nio for the past four years, will remain an advisor to support the company’s supply chain and partnerships.
Indosat Ooredoo is in talks to sell around 3,000 telecom towers assets and is being advised by JP Morgan.
D&D Pharmatech is developing therapies for Parkinsons, fibrosis and Alzheimer's diseases in the US.
In 2017, MrSpeedy forayed into Southeast Asia by making Indonesia as its first base.
The PE firm sold a strategic stake in the retailer to Chinese e-commerce giant JD.com for an undisclosed amount.
Q & A
The VC firm has so far invested in 27 early-stage tech startups in lieu of equity.
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