Search Results for:Yoolim Lee

Asia’s rich heirs pump money into tech startups

Assets managed by wealthy clans in the region have grown to more than $17 trillion.


Singapore’s Sea, dubbed as the Tencent of SE Asia, isn’t really like Tencent at all

Sea was founded by Forrest Li as an online gaming company in 2009 and originally named Garena.


Vertex Ventures raises biggest fund for Southeast Asia, India tech deals at $210m

The fund marks the first time it has raised money from outside investors such as Kasikornbank.


Go-Jek to expand beyond Indonesia, on track to clash with Grab

Go-Jek’s digital payment service will be a key part of its push into new markets.


Temasek VC arm Vertex gets Kasikornbank as investor for new Asia fund

This is the first time Vertex, an early backer of Southeast Asia’s biggest ride-hailing startup Grab, is raising money from a Thai investor.


Uber hires ex-Goldman banker to fire up its Asia business

Brooks Entwistle, who announced his retirement in 2012 after two decades at the U.S. investment bank, will become Uber’s chief business officer in the Asia Pacific.


Shanda founder Chen, the missing China mogul, returns with $1b for brain research

Shanda founder Chen was more prominent than Alibaba’s Jack Ma for much of the last decade


Airbnb to quadruple its China tech team to target rich millennials

Airbnb will grow its technical cohort to over 100 in Beijing, its only engineering office outside the US.


WeWork acquires Singapore’s Spacemob, to invest $500m in SE Asia, South Korea

WeWork is buying Spacemob, a Singapore-based co-working startup founded in early 2016 and backed by Vertex Ventures and Alpha JWC Ventures.


KKR targets SEA’s family businesses with record $9.3b fund

KKR to invest in companies catering to the region’s growing middle class.