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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.
Go-Jek will make the expansion of its digital-payment service Go-Pay in 2018 a top priority.
It raised $5.5 million in September in a round backed by GGV Capital and Temasek’s Heliconia Capital Management.
This comes as rivals Grab and Go-Jek push aggressively for the adoption of their own in-app payments platforms
BandLab has made a series of acquisitions, including Chew.tv, and Mono Creators Inc.
Sea is relying on a steady revenue flow from its online gaming business to fund investments in e-commerce and digital payments.
The startup plans to roll out mobile wallet services across Southeast Asia next year.
Sea’s stock slipped 9.9 per cent in New York trading Wednesday to close at $13.73.
Investors are putting money into the region’s venture firms as they seek opportunities beyond the US and China.
Assets managed by wealthy clans in the region have grown to more than $17 trillion.