E-commerce giant Amazon has launched its global selling programme in Vietnam to enable local businesses to sell globally.
Editor’s Take: The week that was – October 14-18
India’s Cipla buys novel anti-infective drug Elores from Venus Remedies
India: L&T to acquire partner in L&T IDPL, make it fully-owned arm
Chinese firm TikTok ropes in Nikhil Gandhi as India head
India: Swiggy eyes 100m customers using its app over 15 times a month in 10-15 yrs
Singapore’s Temasek mulls setting up new renewables-focused unit
Bukalapak said to have held merger talks with Alibaba-backed Lazada
Indonesian edtech startup Zenius eyes $20m funding, in talks with Northstar
Ant Financial-backed BAce leads Series A funding in Indonesian proptech startup RoomMe
Singapore: Insignia Ventures Partners raises $200m for second fund
TAEL Partners-backed EQuest Education has invested an undisclosed sum in Vietnam-based edtech startup 789.vn.
SE Asia has nearly 150 e-wallet licence holders, and firms including Grab, Go-Jek, Tencent, and others fighting for dominance.
The deal is in line with GD Express's ambition to build a regional delivery network in Southeast Asia.
S Korea's Invention Lab is the latest to set foot in Vietnam to invest in the burgeoning startup ecosystem.
THP is also looking at acquiring smaller beverage makers in established tea markets such as Thailand and Taiwan.
IPOs & Markets
The company has previously said it expects to raise about $100 million from the IPO.
Vietnam-based food alternative provider Cricket One has raised an undisclosed sum led by 500 Startups and Singapore-based Masik Enterprises.
VOF alone will invest $17 million for an undisclosed stake.
Forced by competition and the inability to burn cash to gain scale, the new entrants are tweaking their strategies.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in a
rapidly evolving landscape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more.
Be a part of our growing community now.