Yoolim Lee

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.”

Ride-hailing giant Grab targets to double revenue to $2b in 2019

It’s on track to raise $3 billion of funding before the end of this year, co-founder Hooi Ling Tan said.

Sea posts wider loss on the back of rising investments in Shopee

Sea’s invested heavily to expand into payments, e-commerce, where Shopee takes on Alibaba-backed Tokopedia, Lazada.

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.