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Hearty founders have defied a lack of technology and support to start their own ventures.
Current backers, including Tencent & Warburg Pincus, have discussed providing more funding to the firm.
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.
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.
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.
With $4 billion raised from investors led by SoftBank, Anthony Tan has turned Grab into a ride-hailing juggernaut.
A deal will mark Uber’s exit from yet another major market.
GIC hit pay dirt with investments in Alibaba and Xiaomi.
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.
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.