Yoolim Lee

Singapore’s biggest online mall Qoo10 fights Alibaba with blockchain tech

Qoo10 founder Ku says blockchain makes it cheaper to run an online marketplace.


Singapore’s ST Telemedia sets up AI startup to cater to Asian businesses

The startup, called Leap, has acquired a majority stake in Cloud Comrade, a Singapore-based cloud computing consultancy.


Ayala, GOJEK in talks to broker possible alliance for Philippine venture

A possible investment in GOJEK’s Philippine venture would mark the latest technology play for Ayala, after it bought a stake in Zalora’s local unit.


Meet the man leading Alibaba’s high-priority Southeast Asia expansion

Lazada is the single most important piece of a slowly coalescing international business for Alibaba that encompasses mainly sideline businesses in India, Pakistan, Brazil and Russia.


Sea founder Forrest Li is the latest to enter the billionaire club

The 41-year-old entrepreneur owns 13.8% of Singapore-based Sea, a stake now worth roughly $1 billion.


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.