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.
The truce would bring to an end a bruising battle for leadership in SE Asia’s ride-hailing market.
Analysts view Sea as Southeast Asia’s leading growth company with backing from Chinese colossus Tencent that should help it capitalize on the region
Uber is in talks with payments firms across Asia for partnerships similar to its tie-up with Vietnam's mobile wallet MoMo.
Khosrowshahi will visit Japan and India during the week of Feb. 19 to meet business and government leaders
IPOs & Markets
ICOs are winning support with fundraisings jumping to more than $6.8 billion in 2017, up from $151 million in 2014, 2015 and 2016 combined.
Uber said Wednesday that it will bring Howa’s fleet of 4,000 taxis in Bangkok onto its app. This follows last week's deal to sell 51% of its Singapo
Go-Jek will make the expansion of its digital-payment service Go-Pay in 2018 a top priority.
It raised $5.5 million in September in a round backed by GGV Capital and Temasek’s Heliconia Capital Management.
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