Transaction fees from its marketplace constitute the biggest revenue driver for the company.
BYJU's fires another 1,200 employees, more layoffs to follow
People Digest: Grab appoints SG politician to handle public affairs; FWD names new CEO
SEA Digest: SG's BandLab acquires beat platform Airbit; Indonesia's Bio Farma, SIRCLO launch Medbiz
HK-based New World weighs sale of majority stake in $1.4b premium office tower
Sequoia Capital leads $12m Series A round in SG-based Freightify
Bangladesh B2B startup ShopUp secures $30m debt financing
Creador, Navegar invest in Philippines-focused discount retail chain DALI Stores
Former Gojek exec’s SaaS startup klikit raises $5.6m in seed funding
PH’s Foxmont Capital Partners raises $21.3m for second venture fund
SG wealth management platform Kristal.AI eyes $30m Series B funding
167 US investors took part in 401 transactions representing $40.2b in investment in the period.
The economy is forecasted to grow 6-6.8% next fiscal year, down from 7% projected for the current year.
Bitcoin has soared nearly 40% in January.
Rest of Asia
Its main portfolio suffered a negative return of 3.7% on its investments.
Annual returns had exceeded one trillion crowns in each of 2019 -21.
FTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets.
With its tax-friendly regime and political stability, Singapore has long been a haven for ultra-rich foreigners.
VC-backed players such as SiCepat, Shipper, Andalin, and Ritase are in the market for funding.
Most of the digital bets have been in the financial services space such as fintechs.