The Singapore-based company has made six acquisitions and a strategic investment since 2011.
Tan is betting on regenerative medicine company Samumed LLC, valued at $12b
Garena, Southeast Asia’s most valuable startup, picked Goldman Sachs Group Inc. to lead a planned initial public offering.
Alibaba Group Holding Ltd. and Amazon.com Inc. are about to clash in Southeast Asia. And Lazada Group SA, which Alibaba bought this year for $1 billion, will be right at the heart of that conflict. Southeast Asia’s largest e-commerce site is rolling out a series of initiatives in anticipation of the U.S…. Read more »
Go-Jek will add five new services as Indonesia’s fastest-growing startup deepens its range of on-demand products to dominate its home market before embarking on regional expansion. The company has already moved from its roots as a source of cheap motorcycle rides in Jakarta and 14 other cities to become Indonesia’s… Read more »
“There are times you just go, ‘it’s time to rise up,’” said Tan, a 34-year-old who’s fond of quoting the Bible and likens Grab to David facing an Uber-Goliath. For Tan, the climax of that Old Testament story wasn’t the battle itself but when “the little guy” walked down the battlefield towards his giant adversary.
Lee Jae-yong, the crown prince of the founding family that controls the Samsung Group, is getting expanded corporate power. Now comes the guessing game about what he’ll do with it. On Thursday, Lee, 48, officially joined a nine-person board at Samsung Electronics Co., whose botched roll out of the Galaxy Note… Read more »
The new round, which is expected to close in the first half of 2017, will be “multiples” of the $16 million nuTonomy raised in May, he said. Temasek Holdings Pte, Singapore’s state investment company which has backed technology startups such as Airbnb Inc. and Didi Chuxing, is among the investors it has held discussions with in the past.
The new investor is Singapore-based BandLab Technologies, a budding digital music concern founded by the 28-year-old scion of one of Asia’s richest families. Kuok Meng Ru, the third son of Singapore-based agribusiness tycoon Kuok Khoon Hong, launched BandLab last year as a social network for musicians and fans.
Grab’s unprecedented funding round escalates the battle with Uber Technologies Inc. and underscores how Asian ride-hailing services are arming themselves for a sustained campaign. Grab raised $750 million from investors including Japan’s SoftBank Group Corp., giving it a war chest to fight Uber in promising markets such as Indonesia now… Read more »