Yoolim Lee

Go-Jek seeks bank pitches to raise additional $2b in ongoing round

The additional capital from new investors would take the total haul from the current round to around $3 billion.

Thai retail giant Central Group said to invest $200m in Grab

The deal seals a strategic partnership under which the conglomerate will help Grab expand its business in Thailand.

Go-Jek said to enter Singapore this week to take on Grab on its home turf

Go-Jek’s beta app will be available to a limited number of consumers before expanding to a wider population.

Indonesia’s Tokopedia said to be raising $1b from SoftBank, others

The e-commerce operator is valued at about $7 billion after the round.

Amid global tech stock rout, investors eye opportunities in Asia

Asian funds such as Hillhouse Capital Management Ltd. have been looking for deals to invest in Asia. KKR recently invested in Singapore-based PropertyGuru Pte and Voyager Innovations in the Philippines.

Why fintech startups love Singapore’s hawk-eyed central banker Ravi Menon

Under Menon, MAS became one of the earliest adopters of “regulatory sandboxes” for fintech companies, a concept pioneered by the U.K.’s financial regulator.

Go-Jek said to be in talks to raise at least $2b in fresh funding

Go-Jek is building up its arsenal to expand in Southeast Asia and fight Singapore-based rival Grab.

Alibaba’s new boss Daniel Zhang is finance veteran behind the push into new retail

Zhang’s endeavour to transform old-school shopping using data analysis to manage inventory and shipping has driven more than $8 billion of deals in endeavourseveral years.

Golden Gate closes $100m third fund with backing from Temasek, Naver

New investors included Japanese entrepreneur Taizo Son’s Mistletoe Inc. and Korea Venture Investment Corp.

Alibaba’s new boss: The finance vet who quietly shook things up

Jack Ma will step down as executive chairman of Alibaba Group Holding Ltd. in 2019, handing the reins to Daniel Zhang, who became chief executive officer barely three years ago. The 46-year-old certified accountant has been the driving force behind a mandate to transform old-school commerce using technology that it’s dubbed “ New Retail.”