The government has proposed a 30 per cent cap on overseas investment in fintech firms.
India: Mobile gaming platform Nazara acquires Sportskeeda
LUN Partners leads Series A funding in insurtech startup The CareVoice
Indian market regulator Sebi relaxes FPI rules, share buyback norms
People Digest: OYO to lay off 150-200 from sales; Paytm promotes Madhur Deora as Prez
India Dealbook: InterviewBit, Dose FM in funding news; Avanti eyes $150m
Vietnam’s e-commerce major Tiki acquires Ticketbox
GOJEK may enter Malaysian market soon, says Youth Minister Syed Saddiq
WhatsApp sets sights on launching mobile payments service in Indonesia
Indonesia’s Medco Energi to list Amman Mineral subsidiary by early 2020
SG’s Sea Ltd’s gaming division buoys Q2 earnings amidst widening losses
This is the first-ever acquisition by private equity-backed e-commerce marketplace Tiki.
In 2016, the startup had raised $1 million from individual investors.
The firm is yet to start offering car ride-hailing service in Vietnam.
Policy & Regulations
The government is likely to shift the traditional sovereign surveillance to a more innovative approach towards the digital economy.
Taiwan's Foxconn has acquired Vietnam’s electronic component manufacturer Competition Team Technology for $25.10 million.
Vietnam has been tightening internet rules over the last few years, culminating in a cybersecurity law which came into effect in January.
The sale will include up to 35% stakes in Agribank as well as Vietnam National Coal–Mineral Industries Holding Corp, the country's largest coal mine
To date, the startup has provided its technology services to over 100 bus operators.
The development comes barely a month after the Hanoi-based company clinched a strategic investment from Samsung SDS.
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