By Antonia Timmerman
The deal values Indonesia’s largest online travel startup at around $2 billion.
It set up a venture capital arm, MDI Ventures, back in 2015
In Indonesia, Kumparan competes with IDN Media, Baca, Brilio, and UC News.
Alibaba is learnt to be in discussions to lead a funding round worth up to $500m.
Saratoga CFO Jerry Ngo talks about the PE landscape in SE Asia.
Indonesia’s PTTokopedia appears to have given away that it is set to bag a new round or investment. Recent reports have indicated that the country’s largest marketplace site is in talks with Chinese e-commerce major JD.com – Alibaba’s largest rival – and the latter is set to pump in a “significant” amount, to… Read more »
Bank Mega is currently the only one of CT Corp’s dozens of units that have been listed on the Jakarta bourse.
Tencent’s $1.2-billion investment in Go-Jek is the largest, Duff & Phelps notes.
East Ventures, Convergence Ventures also joined the round.
Prudential picks 49% in CT Group unit to enter the SE Asia country.