Search Results for:Yoolim Lee

Singapore’s Golden Gate Ventures said to be raising $100m VC fund

The new fund is expected to have a first close before the end of this month and the final close by the end of 2018.

SE Asian ride-hailing major Grab close to acquiring Uber’s business in the region

The truce would bring to an end a bruising battle for leadership in SE Asia’s ride-hailing market.

Singapore’s Sea continues to divide analysts and sceptics on potential

Analysts view Sea as Southeast Asia’s leading growth company with backing from Chinese colossus Tencent that should help it capitalize on the region’s adoption of games, e-commerce and digital payments. Sceptics see little evidence that Sea is developing anything resembling a business model.

Indonesia: Intudo Ventures raises $20m for debut fund, doubling initial target

Intudo Ventures, an Indonesia-focused venture capital firm, raised $20 million in its debut fund as it seeks to capitalize on rising consumption in the world’s fourth most-populous nation. The fund closed after doubling its initial target of $10 million, said Patrick Yip, a Jakarta-based founding partner of Intudo. Its strategy… Read more »

Uber to expand in Japan & Singapore, no plan to retreat, says APAC chief

Uber is in talks with payments firms across Asia for partnerships similar to its tie-up with Vietnam’s mobile wallet MoMo.

Uber’s Khosrowshahi to make first Asia visit as CEO in February

Khosrowshahi will visit Japan and India during the week of Feb. 19 to meet business and government leaders

The ICO dilemma: Tool for financial revolution or too good to be true?

ICOs are winning support with fundraisings jumping to more than $6.8 billion in 2017, up from $151 million in 2014, 2015 and 2016 combined.

Uber makes friends with former Asian taxi foes to win riders

Uber said Wednesday that it will bring Howa’s fleet of 4,000 taxis in Bangkok onto its app. This follows last week’s deal to sell 51% of its Singapore car rental unit to taxi operator ComfortDelGro Corp. for S$295 million.

Indonesian unicorn Go-Jek CEO says aiming for IPO in next few years

Go-Jek will make the expansion of its digital-payment service Go-Pay in 2018 a top priority.

iPod creator Tony Fadell backs Singapore cybersecurity startup CashShield

It raised $5.5 million in September in a round backed by GGV Capital and Temasek’s Heliconia Capital Management.