Search Results for:Yoolim Lee

Entrepreneurs in North Korea? Not as rare as you would think

Hearty founders have defied a lack of technology and support to start their own ventures.

Go-Jek backers offer $1b in new funding for overseas expansion

Current backers, including Tencent & Warburg Pincus, have discussed providing more funding to the firm.

Refused to sell for $100m, Carousell now said to be worth $500m

After raising $85 million in a recent funding round, Carousell plans to build out its existing markets, which also include Indonesia, the Philippines and Taiwan, before expanding to more countries.

PayPal partners with Indonesia’s Alpha JWC to back fintech startups

Alpha JWC will contribute as much as $5 million in funding for PayPal Incubator. After being selected by PayPal and Alpha JWC senior executives in Singapore and San Jose, startups will receive coaching and mentoring from PayPal executives.

Singapore’s Sea mulls raising funds for e-commerce unit as quarterly loss triples

The company’s “gross margin will remain pressured and losses will widen as it invests in growth,” Bloomberg Intelligence analysts Matthew Kanterman and Andrew Eisenson wrote in a note ahead of Sea’s earnings report.

Grab’s long ride from a KL storage room to beating Uber

With $4 billion raised from investors led by SoftBank, Anthony Tan has turned Grab into a ride-hailing juggernaut.

Uber agrees to sell Southeast Asian ride-hailing business to rival Grab

A deal will mark Uber’s exit from yet another major market.

Singapore wealth fund GIC sees China at par with Silicon Valley for tech investments

GIC hit pay dirt with investments in Alibaba and Xiaomi.

How Singapore’s wealth fund GIC chooses its tech investments

In an interview, GIC chief executive Lim Chow Kiat and head of the company’s technology investment group, Jeremy Kranz, talk about the fund’s investment strategy.

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.